Affiliated Managers Group, Inc. (NYSE:AMG) Holdings Decreased by Southeastern Asset Management Inc. TN

Southeastern Asset Management Inc. TN cut its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 702,487 shares of the asset manager’s stock after selling 22,342 shares during the quarter. Affiliated Managers Group makes up about 6.1% of Southeastern Asset Management Inc. TN’s holdings, making the stock its 3rd biggest holding. Southeastern Asset Management Inc. TN owned 2.32% of Affiliated Managers Group worth $129,904,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its position 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 buying an additional 62 shares during the period. Private Trust Co. NA grew its position 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 buying an additional 124 shares during the period. UMB Bank n.a. grew its position in shares of Affiliated Managers Group by 37.1% in the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock worth $47,000 after buying an additional 69 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Affiliated Managers Group in the 4th quarter worth about $70,000. Finally, Lingohr Asset Management GmbH purchased a new stake in shares of Affiliated Managers Group in the 4th quarter worth about $204,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

Affiliated Managers Group Stock Performance

Shares of AMG stock opened at $180.94 on Friday. Affiliated Managers Group, Inc. has a one year low of $139.22 and a one year high of $199.52. The company’s 50-day moving average is $164.97 and its 200 day moving average is $175.85. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 0.57 and a beta of 1.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Thursday, May 8th. The asset manager reported $5.20 EPS for the quarter, beating the consensus estimate of $5.10 by $0.10. The company had revenue of $496.60 million for the quarter, compared to the consensus estimate of $508.00 million. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. During the same period in the prior year, the firm posted $5.37 EPS. Sell-side analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders 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 dividend yield of 0.02%. The ex-dividend date is Monday, May 19th. Affiliated Managers Group’s payout ratio is presently 0.30%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AMG shares. Bank of America reduced 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 report on Thursday, April 3rd. TD Cowen cut their price objective on shares of Affiliated Managers Group from $187.00 to $168.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, Barrington Research cut their price objective 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Affiliated Managers Group presently has a consensus 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.