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

Southeastern Asset Management Inc. TN trimmed its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent 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 period. Affiliated Managers Group accounts for 6.1% of Southeastern Asset Management Inc. TN's investment portfolio, making the stock its 3rd biggest position. Southeastern Asset Management Inc. TN owned about 2.32% of Affiliated Managers Group worth $129,904,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in Affiliated Managers Group by 79.5% in the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock valued at $26,000 after purchasing an additional 62 shares during the period. Private Trust Co. NA lifted its holdings in shares of 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 last quarter. UMB Bank n.a. lifted its holdings in shares of 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 last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Affiliated Managers Group during the 4th quarter worth $70,000. Finally, Lingohr Asset Management GmbH bought a new stake in shares of Affiliated Managers Group during the 4th quarter worth $204,000. 95.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMG has been the subject of a number of research analyst reports. StockNews.com raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Bank of America dropped 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 report on Thursday, April 3rd. Cowen reaffirmed a "hold" rating on shares of Affiliated Managers Group in a report on Wednesday, May 14th. Barrington Research dropped their price objective on shares of Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Finally, TD Cowen dropped their price objective on shares of Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Affiliated Managers Group presently has a consensus rating of "Hold" and a consensus target price of $192.40.

Affiliated Managers Group Trading Down 0.6%

NYSE:AMG traded down $1.17 during trading hours on Monday, reaching $182.26. The company's stock had a trading volume of 181,528 shares, compared to its average volume of 231,523. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 0.57 and a beta of 1.06. The firm has a 50-day simple moving average of $165.84 and a 200-day simple moving average of $175.42. Affiliated Managers Group, Inc. has a 1 year low of $139.22 and a 1 year high of $199.52. 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 - Get Free Report) last issued its earnings results on Thursday, May 8th. The asset manager reported $5.20 EPS for the quarter, topping analysts' consensus estimates of $5.10 by $0.10. The company had revenue of $496.60 million for the quarter, compared to analysts' expectations 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 quarter last year, the company earned $5.37 EPS. Research analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be 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 of this dividend is Monday, May 19th. Affiliated Managers Group's payout ratio is 0.30%.

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.