Edgemoor Investment Advisors Inc. raised its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 1.6% during the fourth quarter, Holdings Channel reports. The fund owned 50,080 shares of the asset manager’s stock after purchasing an additional 765 shares during the period. Affiliated Managers Group comprises about 1.3% of Edgemoor Investment Advisors Inc.’s holdings, making the stock its 28th largest holding. Edgemoor Investment Advisors Inc.’s holdings in Affiliated Managers Group were worth $10,167,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Jennison Associates LLC boosted its stake in Affiliated Managers Group by 1.3% in the fourth quarter. Jennison Associates LLC now owns 960,188 shares of the asset manager’s stock valued at $197,079,000 after acquiring an additional 12,778 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake in Affiliated Managers Group by 156.0% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 714,516 shares of the asset manager’s stock valued at $135,637,000 after acquiring an additional 435,440 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Affiliated Managers Group by 16.3% in the third quarter. JPMorgan Chase & Co. now owns 593,301 shares of the asset manager’s stock valued at $112,364,000 after acquiring an additional 83,018 shares during the last quarter. Jackson Square Partners LLC boosted its stake in Affiliated Managers Group by 3.4% in the third quarter. Jackson Square Partners LLC now owns 489,558 shares of the asset manager’s stock valued at $92,932,000 after acquiring an additional 16,287 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in Affiliated Managers Group by 9.5% in the third quarter. Schroder Investment Management Group now owns 420,462 shares of the asset manager’s stock valued at $79,632,000 after acquiring an additional 36,525 shares during the last quarter. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on the stock. Citigroup raised their price objective on shares of Affiliated Managers Group from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Barrington Research raised their price objective on shares of Affiliated Managers Group to $240.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. They noted that the move was a valuation call. Credit Suisse Group cut shares of Affiliated Managers Group from an “outperform” rating to a “neutral” rating and set a $220.00 price objective on the stock. in a research note on Wednesday, January 3rd. Zacks Investment Research raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $225.00 price objective on the stock in a research note on Tuesday, January 9th. Finally, Goldman Sachs Group cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $216.00 price objective on the stock. in a research note on Tuesday, January 9th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $224.13.

In related news, insider Peter W. Macewen sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $197.67, for a total value of $1,976,700.00. Following the sale, the insider now directly owns 37,682 shares of the company’s stock, valued at approximately $7,448,600.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sean M. Healey sold 69,800 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $185.48, for a total transaction of $12,946,504.00. Following the completion of the sale, the chief executive officer now directly owns 194,943 shares in the company, valued at $36,158,027.64. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Affiliated Managers Group, Inc. (NYSE:AMG) opened at $180.24 on Friday. The firm has a market cap of $10,018.10, a price-to-earnings ratio of 14.93, a PEG ratio of 0.64 and a beta of 1.57. Affiliated Managers Group, Inc. has a 52-week low of $148.81 and a 52-week high of $216.99. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 0.23.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Monday, January 29th. The asset manager reported $4.68 earnings per share for the quarter, topping analysts’ consensus estimates of $4.55 by $0.13. The company had revenue of $604.10 million for the quarter, compared to analysts’ expectations of $608.51 million. Affiliated Managers Group had a net margin of 29.92% and a return on equity of 18.61%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the firm posted $3.80 earnings per share. research analysts anticipate that Affiliated Managers Group, Inc. will post 17.58 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, February 8th will be given a $0.30 dividend. This is a boost from Affiliated Managers Group’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Wednesday, February 7th. Affiliated Managers Group’s payout ratio is currently 6.63%.

Affiliated Managers Group announced that its board has approved a stock repurchase plan on Monday, January 29th that authorizes the company to repurchase 3,400,000 outstanding shares. This repurchase authorization authorizes the asset manager to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

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

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