Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lowered its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 51.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 70,122 shares of the asset manager's stock after selling 73,096 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.23% of Affiliated Managers Group worth $12,967,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the business. EP Wealth Advisors LLC lifted its stake in Affiliated Managers Group by 20.8% during the fourth quarter. EP Wealth Advisors LLC now owns 1,764 shares of the asset manager's stock valued at $326,000 after buying an additional 304 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Affiliated Managers Group by 2.5% in the 4th quarter. Cetera Investment Advisers now owns 2,898 shares of the asset manager's stock valued at $536,000 after purchasing an additional 70 shares during the period. Captrust Financial Advisors increased its position in shares of Affiliated Managers Group by 271.5% during the 4th quarter. Captrust Financial Advisors now owns 13,794 shares of the asset manager's stock worth $2,551,000 after purchasing an additional 10,081 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Affiliated Managers Group by 541.7% during the 4th quarter. Bank of America Corp DE now owns 186,030 shares of the asset manager's stock worth $34,401,000 after acquiring an additional 157,042 shares during the last quarter. Finally, Algert Global LLC boosted its stake in Affiliated Managers Group by 9.6% in the 4th quarter. Algert Global LLC now owns 104,339 shares of the asset manager's stock valued at $19,294,000 after purchasing an additional 9,112 shares during the period. 95.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AMG shares. Bank of America cut their price target on Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Cowen reaffirmed a "hold" rating on shares of Affiliated Managers Group in a report on Wednesday. StockNews.com upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Barrington Research cut their price objective on Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Finally, TD Cowen lowered their price target 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $192.40.

Affiliated Managers Group Stock Performance

AMG traded down $0.31 during trading on Monday, hitting $183.12. The company's stock had a trading volume of 13,369 shares, compared to its average volume of 230,863. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. Affiliated Managers Group, Inc. has a one year low of $139.22 and a one year high of $199.52. The firm has a market cap of $5.21 billion, a PE ratio of 12.11, a P/E/G ratio of 0.57 and a beta of 1.06. The business's 50 day simple moving average is $165.43 and its 200-day simple moving average is $175.50.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its earnings results 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. The company had revenue of $496.60 million during 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 previous year, the firm posted $5.37 earnings per share. As a group, sell-side analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

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

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.