Boston Partners Has $218.98 Million Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Boston Partners boosted its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 46.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,184,130 shares of the asset manager’s stock after buying an additional 373,696 shares during the period. Boston Partners owned approximately 3.92% of Affiliated Managers Group worth $218,975,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund raised its holdings in Affiliated Managers Group by 0.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,147 shares of the asset manager’s stock worth $1,137,000 after buying an additional 55 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Affiliated Managers Group by 79.5% in the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock worth $26,000 after acquiring an additional 62 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Affiliated Managers Group by 37.1% in the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock worth $47,000 after acquiring an additional 69 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of Affiliated Managers Group by 1.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,712 shares of the asset manager’s stock worth $838,000 after acquiring an additional 90 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Affiliated Managers Group by 11.8% in the 4th quarter. GAMMA Investing LLC now owns 888 shares of the asset manager’s stock worth $164,000 after acquiring an additional 94 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on AMG. The Goldman Sachs Group lowered shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. Barrington Research upped their target price 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, StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $198.40.

Affiliated Managers Group Price Performance

AMG opened at $166.02 on Wednesday. The firm has a market cap of $4.86 billion, a P/E ratio of 10.99, a PEG ratio of 0.57 and a beta of 1.18. The firm has a 50-day moving average of $174.53 and a 200 day moving average of $180.24. 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 fifty-two week low of $147.13 and a fifty-two week high of $199.52.

Affiliated Managers Group (NYSE:AMG) last posted 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%. On average, research analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The firm also recently disclosed 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 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 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.