First National Bank of Omaha raised its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 26.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 51,880 shares of the asset manager’s stock after purchasing an additional 10,895 shares during the period. First National Bank of Omaha’s holdings in Affiliated Managers Group were worth $4,325,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AMG. Amundi Pioneer Asset Management Inc. grew its stake in Affiliated Managers Group by 131.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 56,129 shares of the asset manager’s stock valued at $6,013,000 after acquiring an additional 31,919 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Affiliated Managers Group by 15.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 7,918 shares of the asset manager’s stock valued at $730,000 after buying an additional 1,051 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in shares of Affiliated Managers Group by 15.0% during the 2nd quarter. Retirement Systems of Alabama now owns 72,389 shares of the asset manager’s stock valued at $6,670,000 after buying an additional 9,444 shares during the last quarter. LGT Capital Partners LTD. lifted its holdings in shares of Affiliated Managers Group by 4.1% during the 2nd quarter. LGT Capital Partners LTD. now owns 367,096 shares of the asset manager’s stock valued at $33,824,000 after buying an additional 14,532 shares during the last quarter. Finally, Country Club Trust Company n.a. lifted its holdings in shares of Affiliated Managers Group by 2.3% during the 2nd quarter. Country Club Trust Company n.a. now owns 7,191 shares of the asset manager’s stock valued at $662,000 after buying an additional 160 shares during the last quarter. 93.73% of the stock is currently owned by institutional investors.

In related news, Director Samuel T. Byrne bought 6,589 shares of Affiliated Managers Group stock in a transaction that occurred on Thursday, September 12th. The stock was purchased at an average cost of $88.77 per share, for a total transaction of $584,905.53. Following the acquisition, the director now owns 19,082 shares in the company, valued at $1,693,909.14. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Nathaniel Dalton sold 23,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $76.86, for a total value of $1,767,780.00. Following the completion of the sale, the director now owns 208,346 shares of the company’s stock, valued at $16,013,473.56. The disclosure for this sale can be found here. 1.43% of the stock is currently owned by insiders.

Several brokerages have recently issued reports on AMG. Citigroup reduced their price target on Affiliated Managers Group from $98.00 to $75.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. Zacks Investment Research upgraded Affiliated Managers Group from a “sell” rating to a “hold” rating and set a $81.00 price target for the company in a report on Thursday, October 3rd. Barrington Research set a $100.00 price target on Affiliated Managers Group and gave the company a “buy” rating in a report on Friday, October 11th. Bank of America lifted their price target on Affiliated Managers Group from $75.00 to $85.00 and gave the company an “underperform” rating in a report on Tuesday, October 8th. Finally, ValuEngine upgraded Affiliated Managers Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Affiliated Managers Group currently has a consensus rating of “Hold” and a consensus target price of $96.70.

Shares of Affiliated Managers Group stock traded down $0.21 during trading on Friday, hitting $86.84. 386,859 shares of the stock traded hands, compared to its average volume of 556,902. The stock has a market cap of $4.30 billion, a P/E ratio of 5.99, a PEG ratio of 0.64 and a beta of 1.64. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 1.42. Affiliated Managers Group, Inc. has a twelve month low of $71.08 and a twelve month high of $119.07. The company has a fifty day moving average price of $79.54 and a two-hundred day moving average price of $86.23.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Monday, October 28th. The asset manager reported $3.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.14 by $0.02. Affiliated Managers Group had a positive return on equity of 17.83% and a negative net margin of 7.03%. The firm had revenue of $549.00 million during the quarter, compared to analyst estimates of $547.10 million. During the same period in the previous year, the company earned $3.45 EPS. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. On average, equities research analysts expect that Affiliated Managers Group, Inc. will post 13.63 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be issued a $0.32 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $1.28 annualized dividend and a yield of 1.47%. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 8.83%.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc, through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.

Featured Article: What are the qualifications of a portfolio manager?

Want to see what other hedge funds are holding AMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Affiliated Managers Group, Inc. (NYSE:AMG).

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

Receive News & Ratings for Affiliated Managers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affiliated Managers Group and related companies with MarketBeat.com's FREE daily email newsletter.