Affiliated Managers Group, Inc. (NYSE:AMG) Stock Holdings Increased by Voya Investment Management LLC

Voya Investment Management LLC grew its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 124.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,858 shares of the asset manager’s stock after purchasing an additional 10,450 shares during the period. Voya Investment Management LLC’s holdings in Affiliated Managers Group were worth $3,487,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMG. Pinebridge Investments L.P. increased its position in shares of Affiliated Managers Group by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 12,857 shares of the asset manager’s stock valued at $2,378,000 after purchasing an additional 3,846 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Affiliated Managers Group by 186.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 227,296 shares of the asset manager’s stock worth $42,033,000 after acquiring an additional 148,079 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in shares of Affiliated Managers Group by 6.2% during the fourth quarter. OneDigital Investment Advisors LLC now owns 5,002 shares of the asset manager’s stock worth $925,000 after purchasing an additional 290 shares during the period. Tower Research Capital LLC TRC increased its stake in Affiliated Managers Group by 71.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,400 shares of the asset manager’s stock worth $444,000 after purchasing an additional 1,002 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in Affiliated Managers Group by 10.3% during the fourth quarter. MetLife Investment Management LLC now owns 17,022 shares of the asset manager’s stock valued at $3,148,000 after buying an additional 1,586 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Up 1.1 %

Shares of Affiliated Managers Group stock opened at $167.38 on Friday. Affiliated Managers Group, Inc. has a 12-month low of $139.22 and a 12-month high of $199.52. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. The stock has a 50 day moving average price of $162.11 and a two-hundred day moving average price of $176.81. The stock has a market capitalization of $4.82 billion, a P/E ratio of 11.08, a PEG ratio of 0.57 and a beta of 1.09.

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

Affiliated Managers Group Announces Dividend

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

Wall Street Analysts Forecast Growth

AMG has been the topic of several recent analyst reports. Barrington Research cut their target price on shares of Affiliated Managers Group from $215.00 to $200.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. TD Cowen dropped 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. The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $193.00 to $191.00 in a research report on Monday, January 6th. Bank of America decreased their target price on shares of Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Finally, StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.40.

Affiliated Managers Group 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.