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

Ameriprise Financial Inc. trimmed its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,810 shares of the asset manager's stock after selling 3,199 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.13% of Affiliated Managers Group worth $6,992,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its holdings in shares of Affiliated Managers Group by 79.5% in the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock worth $26,000 after buying an additional 62 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Affiliated Managers Group by 131.9% in the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager's stock worth $40,000 after buying an additional 124 shares in the last quarter. UMB Bank n.a. raised its stake 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 purchasing an additional 69 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in Affiliated Managers Group during the fourth quarter valued at $70,000. Finally, Lingohr Asset Management GmbH purchased a new stake in Affiliated Managers Group during the fourth quarter valued at $204,000. 95.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMG has been the topic of a number of recent research reports. Barrington Research decreased their price target on shares of Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Bank of America reduced their target price on shares of 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 reduced their target price on shares of Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Cowen reissued a "hold" rating on shares of Affiliated Managers Group in a research note on Wednesday, May 14th. Finally, Wall Street Zen raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Affiliated Managers Group currently has a consensus rating of "Hold" and a consensus price target of $192.40.

Affiliated Managers Group Trading Down 1.2%

AMG traded down $2.21 during trading on Wednesday, hitting $174.86. 58,753 shares of the stock were exchanged, compared to its average volume of 232,094. The firm has a 50 day simple moving average of $167.13 and a 200 day simple moving average of $175.23. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 0.57 and a beta of 1.06. Affiliated Managers Group, Inc. has a 1 year low of $139.22 and a 1 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.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its earnings results on Thursday, May 8th. The asset manager reported $5.20 EPS for the quarter, beating analysts' consensus estimates of $5.10 by $0.10. The business had revenue of $496.60 million for 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 quarter last year, the firm posted $5.37 EPS. As a group, equities analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

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

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.