Goodman Financial Corp Has $14.70 Million Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Goodman Financial Corp increased its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 0.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 79,505 shares of the asset manager’s stock after acquiring an additional 568 shares during the period. Affiliated Managers Group comprises approximately 3.1% of Goodman Financial Corp’s investment portfolio, making the stock its 9th largest holding. Goodman Financial Corp owned 0.26% of Affiliated Managers Group worth $14,702,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Affiliated Managers Group by 1.6% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,675 shares of the asset manager’s stock worth $1,234,000 after acquiring an additional 103 shares in the last quarter. Lingohr Asset Management GmbH bought a new position in shares of Affiliated Managers Group in the 4th quarter valued at about $204,000. Xponance Inc. increased its stake in shares of Affiliated Managers Group by 3.6% during the 4th quarter. Xponance Inc. now owns 3,759 shares of the asset manager’s stock worth $695,000 after purchasing an additional 132 shares during the last quarter. Boston Partners raised its holdings in shares of Affiliated Managers Group by 46.1% in 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 period. Finally, Intech Investment Management LLC acquired a new stake in Affiliated Managers Group in the 4th quarter valued at about $1,977,000. 95.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on AMG shares. The Goldman Sachs Group downgraded 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 report on Monday, January 6th. Barrington Research increased their price target 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. Finally, StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $198.40.

Affiliated Managers Group Price Performance

Shares of NYSE AMG opened at $169.54 on Friday. The firm has a market cap of $4.96 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. The business’s 50 day moving average is $174.11 and its 200-day moving average is $180.10. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. 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 issued its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 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 predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The firm also recently disclosed 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 was Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio (DPR) is 0.26%.

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.