Horizon Kinetics Asset Management LLC Increases Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Horizon Kinetics Asset Management LLC grew its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 31.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,774 shares of the asset manager’s stock after purchasing an additional 423 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Affiliated Managers Group were worth $328,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. World Investment Advisors LLC purchased a new position in Affiliated Managers Group during the 3rd quarter worth $2,592,000. Kovitz Investment Group Partners LLC purchased a new position in Affiliated Managers Group during the third quarter worth about $543,000. Empirical Asset Management LLC lifted its position in Affiliated Managers Group by 10,522.8% in the fourth quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock valued at $347,000 after purchasing an additional 188,568 shares during the period. Weiss Asset Management LP purchased a new stake in Affiliated Managers Group in the 3rd quarter valued at approximately $2,130,000. Finally, Charles Schwab Investment Management Inc. increased its position in Affiliated Managers Group by 0.7% during the 4th 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. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Affiliated Managers Group Trading Up 1.3 %

Shares of AMG stock opened at $165.32 on Tuesday. The stock has a market cap of $4.84 billion, a P/E ratio of 10.95, a P/E/G ratio of 0.57 and a beta of 1.18. 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 fifty-two week low of $147.13 and a fifty-two week high of $199.52. The business has a fifty day simple moving average of $174.82 and a 200-day simple moving average of $180.30.

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

Affiliated Managers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.26%.

About Affiliated Managers Group

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.