Mercer Global Advisors Inc. ADV Purchases New Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Mercer Global Advisors Inc. ADV purchased a new stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 3,674 shares of the asset manager’s stock, valued at approximately $679,000.

A number of other hedge funds also recently bought and sold shares of AMG. Barclays PLC increased its holdings in Affiliated Managers Group by 261.0% during the 3rd quarter. Barclays PLC now owns 76,488 shares of the asset manager’s stock valued at $13,600,000 after purchasing an additional 55,302 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Affiliated Managers Group during the 3rd quarter valued at about $46,000. Ritholtz Wealth Management increased its holdings in Affiliated Managers Group by 36.7% during the 4th quarter. Ritholtz Wealth Management now owns 1,878 shares of the asset manager’s stock valued at $347,000 after purchasing an additional 504 shares during the period. Empirical Asset Management LLC increased its holdings in Affiliated Managers Group by 10,522.8% during the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock valued at $347,000 after purchasing an additional 188,568 shares during the period. Finally, UMB Bank n.a. increased its holdings in Affiliated Managers Group by 37.1% during the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 69 shares during the period. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Performance

Affiliated Managers Group stock opened at $179.56 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13. The stock’s 50 day simple moving average is $163.23 and its two-hundred day simple moving average is $175.91. Affiliated Managers Group, Inc. has a fifty-two week low of $139.22 and a fifty-two week high of $199.52. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 0.57 and a beta of 1.06.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Thursday, May 8th. The asset manager reported $5.20 EPS for the quarter, topping analysts’ consensus estimates of $5.10 by $0.10. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. The firm had revenue of $496.60 million for the quarter, compared to analysts’ expectations of $508.00 million. During the same period in the previous year, the firm posted $5.37 EPS. As a group, analysts expect that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be given a $0.01 dividend. The ex-dividend date is Monday, May 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio is currently 0.30%.

Analyst Ratings Changes

A number of brokerages recently issued reports on AMG. StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. TD Cowen cut their price objective on Affiliated Managers Group from $187.00 to $168.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Barrington Research cut their price objective on Affiliated Managers Group from $215.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Finally, Bank of America cut their price objective on Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently 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.