Affiliated Managers Group, Inc. (NYSE:AMG) Stock Position Lessened by Southeastern Asset Management Inc. TN

Southeastern Asset Management Inc. TN lessened its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 3.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 702,487 shares of the asset manager’s stock after selling 22,342 shares during the period. Affiliated Managers Group comprises approximately 6.1% of Southeastern Asset Management Inc. TN’s holdings, making the stock its 3rd biggest position. Southeastern Asset Management Inc. TN’s holdings in Affiliated Managers Group were worth $129,904,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMG. Jones Financial Companies Lllp lifted its stake in shares of Affiliated Managers Group by 79.5% in the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock worth $26,000 after purchasing an additional 62 shares during the period. Private Trust Co. NA raised its stake in Affiliated Managers Group by 131.9% during 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 period. UMB Bank n.a. raised its stake 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 worth $47,000 after acquiring an additional 69 shares during the period. New Age Alpha Advisors LLC bought a new stake in Affiliated Managers Group during the 4th quarter worth approximately $70,000. Finally, Lingohr Asset Management GmbH bought a new stake in Affiliated Managers Group during the 4th quarter worth approximately $204,000. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Trading Down 0.6%

Shares of AMG opened at $180.94 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. Affiliated Managers Group, Inc. has a 1 year low of $139.22 and a 1 year high of $199.52. The company has a 50 day simple moving average of $164.97 and a two-hundred day simple moving average of $175.85. The firm has a market cap of $5.21 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 0.57 and a beta of 1.06.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $508.00 million. During the same period last year, the firm posted $5.37 EPS. On average, equities analysts expect that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a dividend of $0.01 per share. 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 dividend payout ratio (DPR) is currently 0.30%.

Wall Street Analysts Forecast Growth

AMG has been the topic of a number of recent analyst reports. TD Cowen decreased their target price on shares of 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. StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Bank of America decreased their target price on shares of Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Finally, Barrington Research decreased their target price on shares of Affiliated Managers Group from $215.00 to $200.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Affiliated Managers Group presently has an average 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.