Stephens Inc. AR increased its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 12.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,568 shares of the asset manager’s stock after purchasing an additional 282 shares during the period. Stephens Inc. AR’s holdings in Affiliated Managers Group were worth $527,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Advisor Group Inc. raised its stake in shares of Affiliated Managers Group by 46.2% in the second quarter. Advisor Group Inc. now owns 722 shares of the asset manager’s stock worth $120,000 after purchasing an additional 228 shares during the last quarter. Telemus Capital LLC raised its stake in shares of Affiliated Managers Group by 7.0% in the fourth quarter. Telemus Capital LLC now owns 3,860 shares of the asset manager’s stock worth $793,000 after purchasing an additional 253 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Affiliated Managers Group by 4.1% in the third quarter. Mutual of America Capital Management LLC now owns 7,242 shares of the asset manager’s stock worth $1,375,000 after purchasing an additional 284 shares during the last quarter. First Republic Investment Management Inc. raised its stake in shares of Affiliated Managers Group by 0.7% in the third quarter. First Republic Investment Management Inc. now owns 45,048 shares of the asset manager’s stock worth $8,551,000 after purchasing an additional 302 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its stake in shares of Affiliated Managers Group by 2.9% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 11,232 shares of the asset manager’s stock worth $2,305,000 after purchasing an additional 321 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

In other Affiliated Managers Group news, CEO Sean M. Healey sold 69,800 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $185.48, for a total transaction of $12,946,504.00. Following the completion of the transaction, the chief executive officer now directly owns 194,943 shares of the company’s stock, valued at $36,158,027.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Peter W. Macewen sold 10,000 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $197.67, for a total value of $1,976,700.00. Following the transaction, the insider now directly owns 37,682 shares of the company’s stock, valued at $7,448,600.94. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

AMG has been the subject of several analyst reports. Credit Suisse Group reissued a “hold” rating and issued a $215.00 price objective on shares of Affiliated Managers Group in a research note on Friday, January 12th. Deutsche Bank raised Affiliated Managers Group from a “hold” rating to a “buy” rating and decreased their price target for the company from $216.00 to $215.00 in a research report on Tuesday. Zacks Investment Research raised Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $225.00 price target for the company in a research report on Tuesday, January 9th. Citigroup raised Affiliated Managers Group from a “neutral” rating to a “buy” rating in a research report on Friday, January 19th. Finally, Barrington Research increased their price target on Affiliated Managers Group to $240.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $228.25.

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) opened at $181.93 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $10,070.89, a P/E ratio of 15.07, a P/E/G ratio of 0.65 and a beta of 1.57. Affiliated Managers Group, Inc. has a 52-week low of $148.81 and a 52-week high of $216.99.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Monday, January 29th. The asset manager reported $4.68 EPS for the quarter, beating the Zacks’ consensus estimate of $4.55 by $0.13. The company had revenue of $604.10 million during the quarter, compared to the consensus estimate of $608.51 million. Affiliated Managers Group had a return on equity of 18.61% and a net margin of 29.92%. Affiliated Managers Group’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the business posted $3.80 earnings per share. research analysts anticipate that Affiliated Managers Group, Inc. will post 17.58 EPS for the current fiscal year.

Affiliated Managers Group declared that its Board of Directors has authorized a stock repurchase plan on Monday, January 29th that permits the company to buyback 3,400,000 shares. This buyback authorization permits the asset manager to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, February 8th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.66%. This is a positive change from Affiliated Managers Group’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, February 7th. Affiliated Managers Group’s dividend payout ratio is 6.63%.

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Affiliated Managers Group Profile

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

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Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

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