Northwestern Mutual Wealth Management Co. Buys 81 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Northwestern Mutual Wealth Management Co. raised its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMGGet Rating) by 22.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 442 shares of the asset manager’s stock after acquiring an additional 81 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Affiliated Managers Group were worth $52,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMG. Envestnet Asset Management Inc. increased its stake in shares of Affiliated Managers Group by 40.8% in the second quarter. Envestnet Asset Management Inc. now owns 13,377 shares of the asset manager’s stock valued at $1,560,000 after buying an additional 3,879 shares in the last quarter. CX Institutional acquired a new stake in shares of Affiliated Managers Group in the second quarter valued at $47,000. Treasurer of the State of North Carolina increased its stake in shares of Affiliated Managers Group by 8.7% in the second quarter. Treasurer of the State of North Carolina now owns 16,235 shares of the asset manager’s stock valued at $1,893,000 after buying an additional 1,304 shares in the last quarter. Xponance Inc. increased its stake in shares of Affiliated Managers Group by 3.6% in the second quarter. Xponance Inc. now owns 4,603 shares of the asset manager’s stock valued at $537,000 after buying an additional 161 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Affiliated Managers Group by 86.8% in the second quarter. Parallel Advisors LLC now owns 241 shares of the asset manager’s stock valued at $28,000 after buying an additional 112 shares in the last quarter. 96.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMG. Barrington Research lifted their price objective on Affiliated Managers Group from $145.00 to $155.00 in a research report on Monday, November 7th. StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Tuesday, November 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on Affiliated Managers Group from $135.00 to $161.00 in a research report on Tuesday, November 8th. Finally, Credit Suisse Group lifted their price objective on Affiliated Managers Group from $140.00 to $163.50 and gave the stock an “outperform” rating in a research report on Tuesday, November 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Affiliated Managers Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $172.92.

Affiliated Managers Group Trading Down 2.1 %

Affiliated Managers Group stock opened at $153.93 on Monday. The firm has a market capitalization of $5.80 billion, a P/E ratio of 11.76, a PEG ratio of 1.01 and a beta of 1.28. Affiliated Managers Group, Inc. has a 1 year low of $108.12 and a 1 year high of $186.94. The business has a 50-day moving average of $123.72 and a 200-day moving average of $125.42.

Affiliated Managers Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, November 16th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. Affiliated Managers Group’s payout ratio is currently 0.31%.

About Affiliated Managers Group

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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.

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

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