Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Allegheny Financial Group

Allegheny Financial Group decreased its stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 52.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,373 shares of the asset manager's stock after selling 1,530 shares during the period. Allegheny Financial Group's holdings in Affiliated Managers Group were worth $254,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in AMG. Oregon Public Employees Retirement Fund grew its position in Affiliated Managers Group by 0.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,147 shares of the asset manager's stock valued at $1,137,000 after acquiring an additional 55 shares during the period. Jones Financial Companies Lllp raised its holdings in Affiliated Managers Group by 79.5% in the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock valued at $26,000 after buying an additional 62 shares during the period. UMB Bank n.a. lifted its position in 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 in the last quarter. GAMMA Investing LLC grew its stake in Affiliated Managers Group by 11.8% during the fourth quarter. GAMMA Investing LLC now owns 888 shares of the asset manager's stock worth $164,000 after buying an additional 94 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of Affiliated Managers Group by 1.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the asset manager's stock valued at $1,553,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 95.30% of the company's stock.

Affiliated Managers Group Stock Performance

Shares of AMG stock traded up $8.67 on Thursday, hitting $183.89. 155,710 shares of the stock traded hands, compared to its average volume of 230,865. The company has a market capitalization of $5.29 billion, a PE ratio of 12.18, a PEG ratio of 0.57 and a beta of 1.06. The company's fifty day moving average is $162.58 and its 200 day moving average is $176.26. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. Affiliated Managers Group, Inc. has a 1-year low of $139.22 and a 1-year high of $199.52.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, beating the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. On average, equities research analysts predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMG. TD Cowen reduced their price target on 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. 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. Barrington Research dropped their target price on 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. Finally, StockNews.com upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Affiliated Managers Group currently has a consensus rating of "Moderate Buy" and an average price target of $192.40.

About Affiliated Managers Group

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.