10,689 Shares in Affiliated Managers Group, Inc. (NYSE:AMG) Purchased by Intech Investment Management LLC

Intech Investment Management LLC purchased a new position in Affiliated Managers Group, Inc. (NYSE:AMG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,689 shares of the asset manager’s stock, valued at approximately $1,977,000.

A number of other large investors also recently bought and sold shares of AMG. Jones Financial Companies Lllp raised its holdings in Affiliated Managers Group by 79.5% in the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock worth $26,000 after purchasing an additional 62 shares during the period. Private Trust Co. NA raised its holdings in shares of Affiliated Managers Group by 131.9% during the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock valued at $40,000 after acquiring an additional 124 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Affiliated Managers Group during the third quarter valued at approximately $46,000. Prospera Private Wealth LLC acquired a new position in shares of Affiliated Managers Group during the third quarter valued at approximately $47,000. Finally, UMB Bank n.a. raised its holdings in shares of Affiliated Managers Group by 37.1% during the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock valued at $47,000 after acquiring an additional 69 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Price Performance

AMG stock opened at $169.54 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. The business has a 50 day simple moving average of $174.11 and a 200-day simple moving average of $180.10. The firm has a market capitalization of $4.96 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. Affiliated Managers Group, Inc. has a 1 year low of $147.13 and a 1 year high of $199.52.

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

Affiliated Managers Group Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have commented 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 report on Thursday, February 6th. The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and reduced their target price for the company from $193.00 to $191.00 in a report on Monday, January 6th. Finally, StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.