Affiliated Managers Group, Inc. (NYSE:AMG) Position Trimmed by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 52.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,868 shares of the asset manager's stock after selling 4,190 shares during the quarter. BNP Paribas Financial Markets' holdings in Affiliated Managers Group were worth $715,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Affiliated Managers Group by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager's stock valued at $61,228,000 after purchasing an additional 2,264 shares during the last quarter. Dodge & Cox purchased a new position in Affiliated Managers Group during the 4th quarter worth $1,202,000. Victory Capital Management Inc. increased its holdings in shares of Affiliated Managers Group by 4.8% in the 4th quarter. Victory Capital Management Inc. now owns 118,627 shares of the asset manager's stock valued at $21,937,000 after acquiring an additional 5,436 shares during the period. Channing Capital Management LLC increased its holdings in shares of Affiliated Managers Group by 5.5% in the 4th quarter. Channing Capital Management LLC now owns 514,580 shares of the asset manager's stock valued at $95,156,000 after acquiring an additional 26,654 shares during the period. Finally, Vestcor Inc acquired a new stake in Affiliated Managers Group during the 4th quarter worth about $415,000. 95.30% of the stock is owned by institutional investors.

Affiliated Managers Group Price Performance

Shares of AMG traded down $2.21 during mid-day trading on Wednesday, reaching $174.86. 58,753 shares of the company's stock were exchanged, compared to its average volume of 232,094. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 0.57 and a beta of 1.06. The company has a 50-day simple moving average of $167.13 and a two-hundred day simple moving average of $175.23. Affiliated Managers Group, Inc. has a 52-week low of $139.22 and a 52-week 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.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly 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. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. The company had revenue of $496.60 million for the quarter, compared to analyst estimates of $508.00 million. During the same quarter last year, the business earned $5.37 EPS. On average, sell-side analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be paid 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%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMG. Barrington Research decreased their price objective on Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Bank of America decreased their price objective on Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. TD Cowen decreased their price objective on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Wall Street Zen upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Finally, Cowen restated a "hold" rating on shares of Affiliated Managers Group in a research note on Wednesday, May 14th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Affiliated Managers Group has a consensus rating of "Hold" and an average 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.