Hsbc Holdings PLC Sells 5,009 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Hsbc Holdings PLC lowered its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 57.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,655 shares of the asset manager’s stock after selling 5,009 shares during the period. Hsbc Holdings PLC’s holdings in Affiliated Managers Group were worth $676,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of AMG. Jones Financial Companies Lllp lifted its stake in shares of Affiliated Managers Group by 79.5% during 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 last quarter. Private Trust Co. NA lifted its position in shares of Affiliated Managers Group by 131.9% during the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock valued at $40,000 after buying an additional 124 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Affiliated Managers Group by 37.1% during the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock valued at $47,000 after buying an additional 69 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Affiliated Managers Group in the 3rd quarter valued at about $46,000. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Affiliated Managers Group in the 4th quarter worth approximately $70,000. Institutional investors own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AMG shares. TD Cowen lowered their target price 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. StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Barrington Research decreased their price target on Affiliated Managers Group from $215.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. Finally, Bank of America decreased 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Affiliated Managers Group has a consensus rating of “Moderate Buy” and an average price target of $192.40.

Affiliated Managers Group Stock Down 0.7 %

Affiliated Managers Group stock opened at $172.84 on Tuesday. The business’s 50-day simple moving average is $162.39 and its two-hundred day simple moving average is $176.29. 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 company has a market cap of $4.98 billion, a PE ratio of 11.45, a PEG ratio of 0.57 and a beta of 1.09. Affiliated Managers Group, Inc. has a fifty-two week low of $139.22 and a fifty-two week high of $199.52.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, beating 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%. Equities analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.01 dividend. 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 dividend payout ratio (DPR) is presently 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.