Affiliated Managers Group, Inc. (NYSE:AMG) Shares Acquired by Channing Capital Management LLC

Channing Capital Management LLC boosted its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 514,580 shares of the asset manager’s stock after buying an additional 26,654 shares during the period. Affiliated Managers Group makes up about 2.5% of Channing Capital Management LLC’s portfolio, making the stock its 8th largest position. Channing Capital Management LLC owned approximately 1.70% of Affiliated Managers Group worth $95,156,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AMG. Jones Financial Companies Lllp lifted its position 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 valued at $26,000 after acquiring an additional 62 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Affiliated Managers Group in the third quarter worth approximately $30,000. Private Trust Co. NA lifted its holdings in shares of Affiliated Managers Group by 131.9% in the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock valued at $40,000 after purchasing an additional 124 shares in the last quarter. UMB Bank n.a. boosted its position 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 buying an additional 69 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Affiliated Managers Group during the third quarter worth $46,000. 95.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMG has been the topic of a number of analyst reports. The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $193.00 to $191.00 in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a report on Monday, November 11th. StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Finally, Barrington Research boosted 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. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Affiliated Managers Group presently has an average rating of “Moderate Buy” and an average target price of $198.40.

Affiliated Managers Group Stock Performance

NYSE AMG opened at $154.90 on Tuesday. The company has a market capitalization of $4.53 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. 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, Inc. has a 52-week low of $147.13 and a 52-week high of $199.52. The company has a 50-day simple moving average of $177.82 and a 200 day simple moving average of $180.81.

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, topping the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. On average, research analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. Affiliated Managers Group’s dividend payout ratio is presently 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.