American Century Companies Inc. Acquires 42,921 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

American Century Companies Inc. raised its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 531.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,002 shares of the asset manager’s stock after purchasing an additional 42,921 shares during the quarter. American Century Companies Inc. owned 0.17% of Affiliated Managers Group worth $9,431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AMG. Townsquare Capital LLC bought a new position in Affiliated Managers Group in the third quarter valued at about $218,000. Glenmede Trust Co. NA raised its holdings in Affiliated Managers Group by 42.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,149 shares of the asset manager’s stock valued at $382,000 after buying an additional 637 shares during the last quarter. Captrust Financial Advisors boosted its position in Affiliated Managers Group by 91.4% during the 3rd quarter. Captrust Financial Advisors now owns 3,713 shares of the asset manager’s stock worth $660,000 after buying an additional 1,773 shares during the period. Verition Fund Management LLC grew its holdings in Affiliated Managers Group by 240.1% during the 3rd quarter. Verition Fund Management LLC now owns 6,289 shares of the asset manager’s stock worth $1,118,000 after acquiring an additional 4,440 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in Affiliated Managers Group in the 3rd quarter valued at approximately $824,000. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Performance

AMG stock opened at $172.98 on Thursday. The firm has a market cap of $5.06 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average price of $171.61 and a 200-day moving average price of $180.36. Affiliated Managers Group, Inc. has a 1-year low of $147.13 and a 1-year high of $199.52.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, topping analysts’ consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. As a group, equities research analysts expect that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group’s payout ratio is presently 0.26%.

Analyst Ratings Changes

Several brokerages have commented on AMG. Barrington Research lifted their target price on Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. The Goldman Sachs Group downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. Finally, StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Affiliated Managers Group presently has a consensus rating of “Moderate Buy” and an average price target of $198.40.

Affiliated Managers Group Company Profile

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.