New York State Common Retirement Fund Buys 7,377 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

New York State Common Retirement Fund boosted its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,524 shares of the asset manager’s stock after buying an additional 7,377 shares during the quarter. New York State Common Retirement Fund owned approximately 0.64% of Affiliated Managers Group worth $35,602,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in Affiliated Managers Group in the 3rd quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB bought a new position in Affiliated Managers Group in the 3rd quarter valued at approximately $46,000. Prospera Private Wealth LLC bought a new position in Affiliated Managers Group in the 3rd quarter valued at approximately $47,000. UMB Bank n.a. raised its holdings in Affiliated Managers Group by 37.1% in the 4th 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, Brooklyn Investment Group bought a new position in Affiliated Managers Group in the 3rd quarter valued at approximately $49,000. Institutional investors own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMG. The Goldman Sachs Group lowered 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. TD Cowen downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $226.00 to $177.00 in a research report on Tuesday, November 5th. StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Barrington Research increased 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 report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $198.40.

Affiliated Managers Group Stock Performance

Shares of AMG stock opened at $168.27 on Friday. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 0.60 and a beta of 1.15. Affiliated Managers Group, Inc. has a 52 week low of $147.13 and a 52 week high of $199.52. The company has a quick ratio of 0.45, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. The firm has a 50 day moving average of $182.23 and a 200-day moving average of $180.73.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 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, equities analysts forecast that Affiliated Managers Group, Inc. will post 22.85 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend is Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio (DPR) is 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.