2,243 Shares in Affiliated Managers Group, Inc. (NYSE:AMG) Bought by Vestcor Inc

Vestcor Inc bought a new stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,243 shares of the asset manager’s stock, valued at approximately $415,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. World Investment Advisors LLC bought a new stake in shares of Affiliated Managers Group during the 3rd quarter worth $2,592,000. Kovitz Investment Group Partners LLC acquired a new position in Affiliated Managers Group during the 3rd quarter worth $543,000. Empirical Asset Management LLC boosted its holdings in Affiliated Managers Group by 10,522.8% during the fourth quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock valued at $347,000 after acquiring an additional 188,568 shares during the period. Weiss Asset Management LP acquired a new stake in shares of Affiliated Managers Group in the third quarter valued at about $2,130,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Affiliated Managers Group by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager’s stock worth $61,228,000 after purchasing an additional 2,264 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Trading Up 1.3 %

Affiliated Managers Group stock opened at $165.32 on Tuesday. The business has a 50 day moving average price of $174.82 and a two-hundred day moving average price of $180.30. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. Affiliated Managers Group, Inc. has a 12 month low of $147.13 and a 12 month high of $199.52. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, topping the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. As a group, equities analysts forecast that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.01 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. Affiliated Managers Group’s payout ratio is currently 0.26%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Barrington Research increased their target price on Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $193.00 to $191.00 in a research report on Monday, January 6th. Finally, StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.40.

Affiliated Managers Group Profile

Affiliated Managers Group, Inc, through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.