Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Man Group plc

Man Group plc cut its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 24.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,987 shares of the asset manager's stock after selling 22,193 shares during the quarter. Man Group plc owned approximately 0.22% of Affiliated Managers Group worth $12,387,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp lifted its position in Affiliated Managers Group by 79.5% during the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock valued at $26,000 after acquiring an additional 62 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of Affiliated Managers Group by 131.9% during the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager's stock valued at $40,000 after purchasing an additional 124 shares during the last quarter. UMB Bank n.a. boosted its position 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 purchasing an additional 69 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in Affiliated Managers Group during the 4th quarter valued at about $70,000. Finally, Lingohr Asset Management GmbH acquired a new stake in Affiliated Managers Group in the fourth quarter worth about $204,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

Affiliated Managers Group Stock Performance

Affiliated Managers Group stock traded down $5.30 during mid-day trading on Wednesday, hitting $176.05. The company had a trading volume of 273,087 shares, compared to its average volume of 232,196. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 11.66, a P/E/G ratio of 0.57 and a beta of 1.06. Affiliated Managers Group, Inc. has a 12-month low of $139.22 and a 12-month high of $199.52. The company's fifty day moving average is $166.30 and its 200-day moving average is $175.46. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The asset manager reported $5.20 EPS for the quarter, beating 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 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 earnings per share. Equities research analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Barrington Research decreased 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 research report on Tuesday, April 8th. Cowen restated a "hold" rating on shares of Affiliated Managers Group in a research note on Wednesday, May 14th. StockNews.com upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. TD Cowen decreased their target price on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Finally, Bank of America reduced their price target on shares of Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" 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.