Horizon Kinetics Asset Management LLC Raises Stake in Affiliated Managers Group, Inc. (NYSE:AMG)

Horizon Kinetics Asset Management LLC increased its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 31.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,774 shares of the asset manager’s stock after acquiring an additional 423 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Affiliated Managers Group were worth $328,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Atria Investments Inc purchased a new position in shares of Affiliated Managers Group during the 3rd quarter worth $540,000. Entropy Technologies LP purchased a new position in Affiliated Managers Group during the third quarter worth about $201,000. Victory Capital Management Inc. boosted its stake in Affiliated Managers Group by 13.9% in the 3rd quarter. Victory Capital Management Inc. now owns 113,191 shares of the asset manager’s stock worth $20,125,000 after buying an additional 13,784 shares during the last quarter. KBC Group NV grew its holdings in Affiliated Managers Group by 17.4% in the 3rd quarter. KBC Group NV now owns 980 shares of the asset manager’s stock valued at $174,000 after buying an additional 145 shares during the period. Finally, Huntington National Bank increased its stake in shares of Affiliated Managers Group by 7,575.0% during the 3rd quarter. Huntington National Bank now owns 307 shares of the asset manager’s stock valued at $55,000 after acquiring an additional 303 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com raised 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 cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $193.00 to $191.00 in a research note on Monday, January 6th. Finally, Barrington Research increased their target price on Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $198.40.

Affiliated Managers Group Trading Up 1.3 %

Shares of AMG stock opened at $165.32 on Tuesday. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. Affiliated Managers Group, Inc. has a fifty-two week low of $147.13 and a fifty-two week high of $199.52. The firm’s 50 day moving average price is $174.82 and its two-hundred day moving average price is $180.30. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, topping analysts’ consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. On average, analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.01 per share. The ex-dividend date 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 currently 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.