California Public Employees Retirement System Has $15.41 Million Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

California Public Employees Retirement System grew its position in Affiliated Managers Group, Inc. (NYSE:AMG – Get Rating) by 1.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 97,234 shares of the asset manager’s stock after purchasing an additional 1,405 shares during the period. California Public Employees Retirement System owned about 0.26% of Affiliated Managers Group worth $15,405,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AMG. Arizona State Retirement System lifted its position in Affiliated Managers Group by 2.6% during the 4th quarter. Arizona State Retirement System now owns 10,786 shares of the asset manager’s stock worth $1,709,000 after buying an additional 276 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new position in Affiliated Managers Group during the 3rd quarter worth about $58,000. Hsbc Holdings PLC lifted its position in Affiliated Managers Group by 158.0% during the 3rd quarter. Hsbc Holdings PLC now owns 22,364 shares of the asset manager’s stock worth $2,541,000 after buying an additional 13,697 shares in the last quarter. Virtu Financial LLC acquired a new position in Affiliated Managers Group during the 3rd quarter worth about $396,000. Finally, Russell Investments Group Ltd. lifted its position in Affiliated Managers Group by 8.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 21,184 shares of the asset manager’s stock worth $2,368,000 after buying an additional 1,646 shares in the last quarter. Institutional investors and hedge funds own 95.31% of the company’s stock.

Insider Buying and Selling

In other Affiliated Managers Group news, Director Reuben Jeffery III bought 3,650 shares of the stock in a transaction that occurred on Thursday, March 16th. The stock was acquired at an average cost of $137.21 per share, with a total value of $500,816.50. Following the purchase, the director now owns 31,726 shares in the company, valued at $4,353,124.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

Affiliated Managers Group Price Performance

Shares of AMG stock opened at $141.43 on Friday. The stock has a market cap of $5.11 billion, a PE ratio of 5.37, a price-to-earnings-growth ratio of 0.68 and a beta of 1.33. The stock has a 50-day moving average of $141.12 and a 200-day moving average of $151.96. Affiliated Managers Group, Inc. has a one year low of $108.12 and a one year high of $180.63.

Affiliated Managers Group (NYSE:AMG – Get Rating) last announced its quarterly earnings results on Monday, May 1st. The asset manager reported $4.18 EPS for the quarter, beating analysts’ consensus estimates of $4.15 by $0.03. The company had revenue of $517.40 million during the quarter, compared to analysts’ expectations of $539.25 million. Affiliated Managers Group had a return on equity of 19.63% and a net margin of 50.65%. Affiliated Managers Group’s revenue was down 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $4.65 EPS. As a group, research analysts anticipate that Affiliated Managers Group, Inc. will post 18.97 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 25th. Investors of record on Thursday, May 11th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. Affiliated Managers Group’s payout ratio is 0.15%.

Analyst Ratings Changes

AMG has been the topic of several research reports. Bank of America upped their price target on shares of Affiliated Managers Group from $182.00 to $192.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 5th. StockNews.com initiated coverage on shares of Affiliated Managers Group in a research report on Thursday, March 16th. They set a “buy” rating on the stock. Barrington Research upped their target price on shares of Affiliated Managers Group from $155.00 to $195.00 and gave the company an “outperform” rating in a research report on Monday, February 6th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Affiliated Managers Group from $187.00 to $192.00 and gave the company a “buy” rating in a research report on Monday, February 6th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $180.93.

Affiliated Managers Group Profile

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Affiliated Managers Group, Inc engages in the provision of asset management with equity investment. The company was founded by in December 1993 and is headquartered in West Palm Beach, FL.