Cinctive Capital Management LP Buys Shares of 17,328 Affiliated Managers Group, Inc. (NYSE:AMG)

Cinctive Capital Management LP bought a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 17,328 shares of the asset manager’s stock, valued at approximately $3,204,000. Cinctive Capital Management LP owned about 0.06% of Affiliated Managers Group at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AMG. Boston Partners increased its position in shares of Affiliated Managers Group by 46.1% during the fourth quarter. Boston Partners now owns 1,184,130 shares of the asset manager’s stock worth $218,975,000 after buying an additional 373,696 shares during the period. Norges Bank bought a new stake in Affiliated Managers Group during the fourth quarter valued at $68,683,000. Empirical Asset Management LLC grew its holdings in Affiliated Managers Group by 10,522.8% during the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock worth $347,000 after acquiring an additional 188,568 shares during the period. Raymond James Financial Inc. bought a new position in shares of Affiliated Managers Group in the 4th quarter worth about $28,818,000. Finally, Fisher Asset Management LLC lifted its stake in shares of Affiliated Managers Group by 84.3% in the 4th quarter. Fisher Asset Management LLC now owns 156,210 shares of the asset manager’s stock valued at $28,886,000 after purchasing an additional 71,458 shares during the period. Institutional investors own 95.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barrington Research raised their target price on 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 downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. Finally, StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $198.40.

Affiliated Managers Group Trading Up 2.1 %

Shares of Affiliated Managers Group stock opened at $172.98 on Thursday. The stock has a market capitalization of $5.06 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. Affiliated Managers Group, Inc. has a 52 week low of $147.13 and a 52 week high of $199.52. The stock has a 50 day moving average price of $171.61 and a two-hundred day moving average price of $180.36. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results 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 net margin of 25.06% and a return on equity of 16.17%. As a group, equities 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.04 annualized dividend and a yield of 0.02%. Affiliated Managers Group’s payout ratio is 0.26%.

Affiliated Managers Group Company 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.