Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. decreased its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,090 shares of the asset manager’s stock after selling 300 shares during the period. Hillsdale Investment Management Inc.’s holdings in Affiliated Managers Group were worth $571,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. World Investment Advisors LLC acquired a new stake in shares of Affiliated Managers Group during the 3rd quarter worth $2,592,000. Charles Schwab Investment Management Inc. increased its stake in Affiliated Managers Group by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager’s stock worth $61,228,000 after acquiring an additional 2,264 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in shares of Affiliated Managers Group in the 3rd quarter worth about $543,000. Empirical Asset Management LLC lifted its stake in shares of Affiliated Managers Group by 10,522.8% in 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 in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Affiliated Managers Group by 4.8% during the 4th quarter. Victory Capital Management Inc. now owns 118,627 shares of the asset manager’s stock worth $21,937,000 after purchasing an additional 5,436 shares during the period. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Price Performance

Shares of AMG stock opened at $171.89 on Tuesday. Affiliated Managers Group, Inc. has a twelve month low of $147.13 and a twelve month high of $199.52. The company has a market capitalization of $5.03 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. 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 fifty day simple moving average of $173.80 and a 200-day simple moving average of $180.23.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, beating 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%. Equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Tuesday, February 18th. Affiliated Managers Group’s payout ratio is 0.26%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AMG shares. The Goldman Sachs Group cut shares of 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 research report on Monday, January 6th. Barrington Research upped their price target on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, StockNews.com raised 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $198.40.

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.