Nicola Wealth Management LTD. Buys Shares of 16,000 Affiliated Managers Group, Inc. (NYSE:AMG)

Nicola Wealth Management LTD. bought a new stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,000 shares of the asset manager’s stock, valued at approximately $2,959,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its stake 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 valued at $61,228,000 after acquiring an additional 2,264 shares during the period. New York State Common Retirement Fund lifted its stake in Affiliated Managers Group by 4.0% during the 4th quarter. New York State Common Retirement Fund now owns 192,524 shares of the asset manager’s stock valued at $35,602,000 after acquiring an additional 7,377 shares during the period. Empirical Asset Management LLC lifted its stake 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 valued at $347,000 after acquiring an additional 188,568 shares during the period. 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 worth $28,886,000 after purchasing an additional 71,458 shares during the period. Finally, Basswood Capital Management L.L.C. lifted its stake in shares of Affiliated Managers Group by 22.7% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 131,981 shares of the asset manager’s stock worth $23,466,000 after purchasing an additional 24,379 shares during the period. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Price Performance

NYSE AMG opened at $167.01 on Tuesday. Affiliated Managers Group, Inc. has a 12 month low of $147.13 and a 12 month high of $199.52. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 0.57 and a beta of 1.15. The company’s 50 day moving average is $180.26 and its two-hundred day moving average is $181.12. 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 (NYSE:AMG) last released its earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, topping 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, research analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid 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 is Tuesday, February 18th. Affiliated Managers Group’s payout ratio is 0.26%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Barrington Research increased their price objective 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. Finally, TD Cowen cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $226.00 to $177.00 in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Affiliated Managers Group currently has an average rating of “Moderate Buy” and a consensus target price of $198.40.

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.