5,947 Shares in Affiliated Managers Group, Inc. (NYSE:AMG) Purchased by Carrera Capital Advisors

Carrera Capital Advisors bought a new stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,947 shares of the asset manager’s stock, valued at approximately $1,100,000.

Several other hedge funds also recently modified their holdings of AMG. Jones Financial Companies Lllp raised its stake in shares of Affiliated Managers Group by 79.5% during the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock worth $26,000 after buying an additional 62 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Affiliated Managers Group during the 3rd quarter worth $30,000. Private Trust Co. NA raised its position in shares of Affiliated Managers Group by 131.9% during the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock valued at $40,000 after acquiring an additional 124 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Affiliated Managers Group in the 3rd quarter valued at $46,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of Affiliated Managers Group in the 3rd quarter valued at $47,000. Institutional investors own 95.30% of the company’s stock.

Analysts Set New Price Targets

AMG has been the subject of a number of recent analyst reports. The Goldman Sachs Group downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $193.00 to $191.00 in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft upped their price target on Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a research note on Monday, November 11th. TD Cowen lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $226.00 to $177.00 in a research note on Tuesday, November 5th. Barrington Research upped their target price on shares of 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 upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $198.40.

Affiliated Managers Group Price Performance

Shares of AMG opened at $161.02 on Wednesday. The stock has a 50 day simple moving average of $179.91 and a 200 day simple moving average of $181.09. Affiliated Managers Group, Inc. has a 52-week low of $147.13 and a 52-week high of $199.52. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13. The firm has a market capitalization of $4.71 billion, a PE ratio of 10.66, a P/E/G ratio of 0.57 and a beta of 1.15.

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

Affiliated Managers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were issued 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 was Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 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.