Bank of Montreal Can Has $3.30 Million Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Bank of Montreal Can cut its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 74.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,831 shares of the asset manager's stock after selling 52,626 shares during the quarter. Bank of Montreal Can owned approximately 0.06% of Affiliated Managers Group worth $3,297,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Barclays PLC increased its position in Affiliated Managers Group by 261.0% in the third quarter. Barclays PLC now owns 76,488 shares of the asset manager's stock worth $13,600,000 after buying an additional 55,302 shares during the period. SkyView Investment Advisors LLC lifted its position in Affiliated Managers Group by 2.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 5,818 shares of the asset manager's stock valued at $1,034,000 after purchasing an additional 137 shares during the last quarter. World Investment Advisors LLC acquired a new position in Affiliated Managers Group during the 3rd quarter valued at about $2,592,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Affiliated Managers Group in the third quarter valued at approximately $46,000. Finally, Franklin Resources Inc. raised its holdings in shares of Affiliated Managers Group by 18.3% during the third quarter. Franklin Resources Inc. now owns 101,913 shares of the asset manager's stock valued at $19,363,000 after buying an additional 15,746 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Down 1.6 %

Shares of NYSE:AMG traded down $2.48 during trading on Monday, reaching $153.61. 164,485 shares of the company traded hands, compared to its average volume of 236,151. Affiliated Managers Group, Inc. has a 1-year low of $139.22 and a 1-year high of $199.52. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. The firm has a market cap of $4.42 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The firm has a fifty day simple moving average of $163.01 and a 200 day simple moving average of $177.90.

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

Affiliated Managers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. Affiliated Managers Group's dividend payout ratio is currently 0.26%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Bank of America lowered their target price 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. Barrington Research reduced 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. StockNews.com upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. The Goldman Sachs Group lowered shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $193.00 to $191.00 in a research note on Monday, January 6th. Finally, TD Cowen decreased their price target on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $192.40.

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.