BNP Paribas Financial Markets Decreases Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

BNP Paribas Financial Markets lowered its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 52.0% during the 4th quarter, according to the company in its most recent disclosure 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 period. BNP Paribas Financial Markets' holdings in Affiliated Managers Group were worth $715,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its stake in 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 worth $61,228,000 after purchasing an additional 2,264 shares during the period. Dodge & Cox bought a new position in shares of Affiliated Managers Group in the fourth quarter valued at approximately $1,202,000. Victory Capital Management Inc. grew its stake in Affiliated Managers Group by 4.8% during the fourth 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 in the last quarter. Channing Capital Management LLC grew its stake in Affiliated Managers Group by 5.5% during the fourth 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 in the last quarter. Finally, Vestcor Inc bought a new position in Affiliated Managers Group in the 4th quarter valued at $415,000. 95.30% of the stock is owned by institutional investors.

Affiliated Managers Group Price Performance

Shares of Affiliated Managers Group stock traded up $3.71 during trading on Tuesday, hitting $177.68. 118,140 shares of the stock traded hands, compared to its average volume of 232,199. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 0.57 and a beta of 1.06. 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, Inc. has a 52 week low of $139.22 and a 52 week high of $199.52. The firm's fifty day moving average is $166.98 and its 200-day moving average is $175.22.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The asset manager reported $5.20 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $496.60 million for the quarter, compared to the consensus estimate of $508.00 million. During the same period last year, the firm posted $5.37 earnings per share. Research analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. TD Cowen lowered their price objective 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. Wall Street Zen raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Barrington Research cut 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 shares of 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. Finally, Cowen reiterated a "hold" rating on shares of Affiliated Managers Group in a research report on Wednesday, May 14th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Affiliated Managers Group presently has an average rating of "Hold" and a consensus 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.