Victory Capital Management Inc. Has $40.66 Million Stock Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Victory Capital Management Inc. lifted its position in Affiliated Managers Group, Inc. (NYSE:AMGGet Rating) by 0.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 363,477 shares of the asset manager’s stock after buying an additional 438 shares during the quarter. Victory Capital Management Inc. owned about 0.95% of Affiliated Managers Group worth $40,655,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Affiliated Managers Group by 22.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the asset manager’s stock worth $52,000 after buying an additional 81 shares during the last quarter. Fifth Third Bancorp raised its stake in Affiliated Managers Group by 57.7% during the 2nd quarter. Fifth Third Bancorp now owns 257 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 94 shares during the last quarter. Parallel Advisors LLC raised its stake in Affiliated Managers Group by 86.8% during the 2nd quarter. Parallel Advisors LLC now owns 241 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 112 shares during the last quarter. Lazard Asset Management LLC raised its stake in Affiliated Managers Group by 76.3% during the 1st quarter. Lazard Asset Management LLC now owns 275 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 119 shares during the last quarter. Finally, Column Capital Advisors LLC raised its stake in Affiliated Managers Group by 17.6% during the 2nd quarter. Column Capital Advisors LLC now owns 890 shares of the asset manager’s stock valued at $104,000 after purchasing an additional 133 shares during the last quarter. 95.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMG. Barrington Research upped their target price on shares of Affiliated Managers Group from $145.00 to $155.00 in a research note on Monday, November 7th. Jefferies Financial Group raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $149.00 to $192.00 in a report on Monday, November 28th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Affiliated Managers Group from $191.00 to $187.00 in a report on Wednesday, January 11th. Credit Suisse Group increased their price objective on shares of Affiliated Managers Group from $140.00 to $163.50 and gave the stock an “outperform” rating in a report on Tuesday, November 8th. Finally, The Goldman Sachs Group began coverage on shares of Affiliated Managers Group in a report on Monday, November 21st. They set a “buy” rating and a $182.00 price objective on the stock. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $178.79.

Affiliated Managers Group Trading Up 1.8 %

Affiliated Managers Group stock opened at $165.42 on Friday. Affiliated Managers Group, Inc. has a 1 year low of $108.12 and a 1 year high of $172.01. The company has a market cap of $6.23 billion, a PE ratio of 12.64, a PEG ratio of 0.78 and a beta of 1.31. The company’s 50-day moving average is $159.39 and its two-hundred day moving average is $137.26.

Affiliated Managers Group (NYSE:AMGGet Rating) last released its earnings results on Monday, November 7th. The asset manager reported $4.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.92 by $0.29. The company had revenue of $578.60 million for the quarter, compared to the consensus estimate of $553.29 million. Affiliated Managers Group had a net margin of 22.02% and a return on equity of 21.15%. Research analysts forecast that Affiliated Managers Group, Inc. will post 19.68 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Investors of record on Thursday, November 17th were given a $0.01 dividend. The ex-dividend date was Wednesday, November 16th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio is 0.31%.

About Affiliated Managers Group

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Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. It provides assistance on strategic matters, marketing, distribution, product development, and operations. The company was founded by William J. Nutt in December 1993 and is headquartered in West Palm Beach, FL.

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

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