LPL Financial LLC Has $833,000 Position in Affiliated Managers Group, Inc. (NYSE:AMG)

LPL Financial LLC lifted its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 26.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,502 shares of the asset manager’s stock after buying an additional 933 shares during the quarter. LPL Financial LLC’s holdings in Affiliated Managers Group were worth $833,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AMG. Oregon Public Employees Retirement Fund lifted its holdings in shares of Affiliated Managers Group by 0.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,147 shares of the asset manager’s stock worth $1,137,000 after buying an additional 55 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Affiliated Managers Group by 79.5% during the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock worth $26,000 after purchasing an additional 62 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Affiliated Managers Group by 37.1% during the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock worth $47,000 after purchasing an additional 69 shares during the period. GAMMA Investing LLC raised its position in shares of Affiliated Managers Group by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 888 shares of the asset manager’s stock valued at $164,000 after buying an additional 94 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Affiliated Managers Group by 1.2% in the fourth quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the asset manager’s stock valued at $1,553,000 after buying an additional 100 shares during the period. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Performance

NYSE AMG opened at $153.61 on Tuesday. The firm’s fifty day moving average price is $163.01 and its two-hundred day moving average price is $177.90. The stock has a market cap of $4.42 billion, a PE ratio of 10.17, a PEG ratio of 0.57 and a beta of 1.09. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13. Affiliated Managers Group, Inc. has a fifty-two week low of $139.22 and a fifty-two week high of $199.52.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data 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%. On average, equities analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The firm 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 was Tuesday, February 18th. This represents a $0.04 annualized dividend and a yield of 0.03%. Affiliated Managers Group’s dividend payout ratio is presently 0.26%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Bank of America cut their target price on Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. The Goldman Sachs Group cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $193.00 to $191.00 in a research note on Monday, January 6th. TD Cowen reduced their target price on Affiliated Managers Group from $187.00 to $168.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Finally, Barrington Research lowered their price target on Affiliated Managers Group from $215.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $192.40.

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.