Voloridge Investment Management LLC Sells 59,036 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Voloridge Investment Management LLC decreased its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 52.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,642 shares of the asset manager's stock after selling 59,036 shares during the period. Voloridge Investment Management LLC owned approximately 0.17% of Affiliated Managers Group worth $9,735,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in shares of Affiliated Managers Group by 79.5% during the 4th 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 in the last quarter. Private Trust Co. NA raised its stake in shares of Affiliated Managers Group by 131.9% during the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager's stock worth $40,000 after acquiring an additional 124 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Affiliated Managers Group by 37.1% in 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 purchased a new stake in shares of Affiliated Managers Group in the 4th quarter valued at $70,000. Finally, Lingohr Asset Management GmbH bought a new position in shares of Affiliated Managers Group during the 4th quarter valued at $204,000. Institutional investors own 95.30% of the company's stock.

Analyst Ratings Changes

AMG has been the subject of several analyst reports. Barrington Research cut their price target on shares of 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. Wall Street Zen upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Bank of America decreased their price target on Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. TD Cowen dropped their price objective on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Finally, Cowen restated a "hold" rating on shares of Affiliated Managers Group in a report on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $192.40.

Affiliated Managers Group Trading Up 1.8%

NYSE:AMG traded up $3.06 during trading hours on Thursday, hitting $177.06. The company had a trading volume of 360,514 shares, compared to its average volume of 233,061. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. The stock has a 50-day moving average price of $167.25 and a 200 day moving average price of $175.23. The company has a market capitalization of $5.03 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 0.57 and a beta of 1.06. Affiliated Managers Group, Inc. has a 52 week low of $139.22 and a 52 week high of $199.52.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The asset manager reported $5.20 earnings per share (EPS) for the quarter, topping 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 prior year, the firm earned $5.37 earnings per share. On average, equities research analysts predict 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 issued a $0.01 dividend. The ex-dividend date is Monday, May 19th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. Affiliated Managers Group's dividend payout ratio (DPR) is 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.