Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 1.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,675 shares of the asset manager’s stock after purchasing an additional 103 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Affiliated Managers Group were worth $1,234,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund raised its holdings in shares of Affiliated Managers Group by 0.9% in 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 raised its stake 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 worth $26,000 after acquiring an additional 62 shares during the last quarter. UMB Bank n.a. lifted its position in Affiliated Managers Group by 37.1% during 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 during the period. GAMMA Investing LLC grew its stake in Affiliated Managers Group by 11.8% during the 4th quarter. GAMMA Investing LLC now owns 888 shares of the asset manager’s stock valued at $164,000 after purchasing an additional 94 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in shares of Affiliated Managers Group by 1.2% in the fourth quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the asset manager’s stock valued at $1,553,000 after purchasing an additional 100 shares during the period. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Price Performance

Shares of NYSE AMG opened at $172.97 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 0.57 and a beta of 1.18. The firm’s 50 day simple moving average is $173.63 and its 200-day simple moving average is $180.29. Affiliated Managers Group, Inc. has a 12 month low of $147.13 and a 12 month high of $199.52.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS 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%. Analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.01 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. Affiliated Managers Group’s payout ratio is 0.26%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. The Goldman Sachs Group downgraded shares of 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. Finally, Barrington Research raised their target price on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Three investment 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 a consensus rating of “Moderate Buy” and an average price target 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.