Maryland State Retirement & Pension System Has $290,000 Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Maryland State Retirement & Pension System decreased its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 14.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,567 shares of the asset manager’s stock after selling 258 shares during the period. Maryland State Retirement & Pension System’s holdings in Affiliated Managers Group were worth $290,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMG. Xponance Inc. grew its position in Affiliated Managers Group by 3.6% in the fourth quarter. Xponance Inc. now owns 3,759 shares of the asset manager’s stock valued at $695,000 after acquiring an additional 132 shares during the last quarter. Boston Partners grew its holdings in shares of Affiliated Managers Group by 46.1% during the 4th quarter. Boston Partners now owns 1,184,130 shares of the asset manager’s stock valued at $218,975,000 after purchasing an additional 373,696 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Affiliated Managers Group during the 4th quarter valued at approximately $1,977,000. Thrivent Financial for Lutherans increased its position in Affiliated Managers Group by 1.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 7,112 shares of the asset manager’s stock worth $1,315,000 after purchasing an additional 108 shares in the last quarter. Finally, Kennondale Capital Management LLC bought a new position in Affiliated Managers Group in the 4th quarter valued at approximately $905,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

Affiliated Managers Group Stock Performance

AMG stock opened at $172.97 on Wednesday. Affiliated Managers Group, Inc. has a 1-year low of $147.13 and a 1-year high of $199.52. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average price of $173.63 and a 200-day moving average price of $180.29. The firm has a market cap of $5.06 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, beating 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 research analysts expect that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.01 dividend. This represents a $0.04 annualized dividend 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 currently 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.