Redwood Investment Management LLC Sells 1,545 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Redwood Investment Management LLC lessened its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 16.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,706 shares of the asset manager's stock after selling 1,545 shares during the quarter. Redwood Investment Management LLC's holdings in Affiliated Managers Group were worth $1,425,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Barclays PLC raised its stake in Affiliated Managers Group by 261.0% in the 3rd quarter. Barclays PLC now owns 76,488 shares of the asset manager's stock valued at $13,600,000 after acquiring an additional 55,302 shares during the period. Ritholtz Wealth Management boosted its holdings in shares of Affiliated Managers Group by 36.7% during the 4th quarter. Ritholtz Wealth Management now owns 1,878 shares of the asset manager's stock worth $347,000 after buying an additional 504 shares during the period. Empirical Asset Management LLC grew its stake in Affiliated Managers Group by 10,522.8% in the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager's stock valued at $347,000 after buying an additional 188,568 shares during the last quarter. UMB Bank n.a. raised its holdings in Affiliated Managers Group by 37.1% in the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager's stock valued at $47,000 after acquiring an additional 69 shares during the period. Finally, Guinness Asset Management LTD lifted its position in Affiliated Managers Group by 65.7% during the fourth quarter. Guinness Asset Management LTD now owns 3,326 shares of the asset manager's stock worth $615,000 after acquiring an additional 1,319 shares during the last quarter. Institutional investors own 95.30% of the company's stock.

Affiliated Managers Group Price Performance

Shares of AMG stock traded down $1.17 during trading on Monday, hitting $182.26. The company 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 P/E ratio of 12.07, a price-to-earnings-growth ratio of 0.57 and a beta of 1.06. Affiliated Managers Group, Inc. has a one year low of $139.22 and a one 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. The stock's 50-day moving average price is $165.43 and its 200 day moving average price is $175.50.

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

Affiliated Managers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, May 19th. This represents a $0.04 annualized dividend and a yield of 0.02%. Affiliated Managers Group's dividend payout ratio is 0.30%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AMG shares. StockNews.com upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Barrington Research reduced 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. Cowen reaffirmed a "hold" rating on shares of Affiliated Managers Group in a report on Wednesday, May 14th. Bank of America lowered their price objective on 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. Finally, TD Cowen dropped their target price on 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.