Tower Research Capital LLC TRC Acquires 1,002 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Tower Research Capital LLC TRC increased its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 71.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,400 shares of the asset manager’s stock after purchasing an additional 1,002 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Affiliated Managers Group were worth $444,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Barclays PLC increased its holdings in shares of Affiliated Managers Group by 261.0% in the third quarter. Barclays PLC now owns 76,488 shares of the asset manager’s stock worth $13,600,000 after buying an additional 55,302 shares during the period. SkyView Investment Advisors LLC boosted its stake in shares of Affiliated Managers Group by 2.4% during the third quarter. SkyView Investment Advisors LLC now owns 5,818 shares of the asset manager’s stock valued at $1,034,000 after purchasing an additional 137 shares during the period. World Investment Advisors LLC purchased a new position in shares of Affiliated Managers Group in the third quarter worth $2,592,000. Wilmington Savings Fund Society FSB bought a new stake in Affiliated Managers Group during the 3rd quarter valued at $46,000. Finally, Franklin Resources Inc. boosted its position in Affiliated Managers Group by 18.3% during the 3rd quarter. Franklin Resources Inc. now owns 101,913 shares of the asset manager’s stock valued at $19,363,000 after buying an additional 15,746 shares during the period. 95.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMG has been the topic of a number of analyst reports. 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 downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $193.00 to $191.00 in a report on Monday, January 6th. Barrington Research dropped their price objective 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. 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 research note on Wednesday, April 9th. Finally, Bank of America dropped their price target on 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $192.40.

Affiliated Managers Group Stock Up 1.3 %

AMG stock opened at $165.26 on Wednesday. Affiliated Managers Group, Inc. has a fifty-two week low of $139.22 and a fifty-two week high of $199.52. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The business’s 50 day moving average price is $162.09 and its two-hundred day moving average price is $177.04. 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 (NYSE:AMG) last issued its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, topping 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%. As a group, analysts forecast that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

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

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.