NorthRock Partners LLC Makes New $221,000 Investment in Affiliated Managers Group, Inc. (NYSE:AMG)

NorthRock Partners LLC purchased a new stake in Affiliated Managers Group, Inc. (NYSE:AMG) in the fourth quarter, Holdings Channel reports. The firm purchased 1,193 shares of the asset manager’s stock, valued at approximately $221,000.

A number of other large investors have also made changes to their positions in the stock. Jones Financial Companies Lllp lifted its position in Affiliated Managers Group by 79.5% during the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock worth $26,000 after buying an additional 62 shares in the last quarter. Private Trust Co. NA increased its stake in shares of Affiliated Managers Group by 131.9% in the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock worth $40,000 after acquiring an additional 124 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Affiliated Managers Group by 37.1% during the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock worth $47,000 after acquiring an additional 69 shares during the period. New Age Alpha Advisors LLC purchased a new position in shares of Affiliated Managers Group during the 4th quarter worth $70,000. Finally, Lingohr Asset Management GmbH acquired a new position in shares of Affiliated Managers Group during the 4th quarter valued at about $204,000. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Affiliated Managers Group Stock Up 1.3%

Shares of AMG opened at $183.38 on Monday. The company’s 50-day moving average price is $165.43 and its 200 day moving average price is $175.50. Affiliated Managers Group, Inc. has a 12-month low of $139.22 and a 12-month high of $199.52. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. The firm has a market cap of $5.21 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 0.57 and a beta of 1.06.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Thursday, May 8th. The asset manager reported $5.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.10 by $0.10. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. The business had revenue of $496.60 million for the quarter, compared to the consensus estimate of $508.00 million. During the same period in the previous year, the firm earned $5.37 EPS. On average, sell-side analysts forecast that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMG. Bank of America cut their price objective on shares of Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. TD Cowen dropped their price target on shares of Affiliated Managers Group from $187.00 to $168.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Barrington Research reduced their price target on shares of 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, StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Affiliated Managers Group presently has an average rating of “Moderate Buy” and a consensus target price 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.