Man Group plc Sells 22,193 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Man Group plc lowered its stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 24.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,987 shares of the asset manager's stock after selling 22,193 shares during the quarter. Man Group plc owned about 0.22% of Affiliated Managers Group worth $12,387,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AMG. Oregon Public Employees Retirement Fund increased its holdings in Affiliated Managers Group by 0.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,147 shares of the asset manager's stock worth $1,137,000 after acquiring an additional 55 shares in the last quarter. Jones Financial Companies Lllp boosted its position 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 purchasing an additional 62 shares during the period. UMB Bank n.a. boosted its position in shares of Affiliated Managers Group by 37.1% in the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager's stock worth $47,000 after purchasing an additional 69 shares during the period. Cetera Investment Advisers increased its stake in shares of Affiliated Managers Group by 2.5% in the fourth quarter. Cetera Investment Advisers now owns 2,898 shares of the asset manager's stock worth $536,000 after purchasing an additional 70 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of Affiliated Managers Group by 1.2% in the fourth quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the asset manager's stock worth $1,553,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 95.30% of the company's stock.

Analyst Ratings Changes

AMG has been the topic of a number of analyst reports. TD Cowen lowered 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. Barrington Research decreased their price target on Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating on the stock in a 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. Cowen reiterated a "hold" rating on shares of Affiliated Managers Group in a research report on Wednesday, May 14th. Finally, Bank of America decreased their target price 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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $192.40.

Affiliated Managers Group Price Performance

NYSE AMG traded down $0.97 on Friday, reaching $174.53. The company had a trading volume of 27,440 shares, compared to its average volume of 231,528. The stock has a market capitalization of $4.96 billion, a PE ratio of 11.58, a price-to-earnings-growth 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 has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. The firm's 50 day moving average price is $166.75 and its 200 day moving average price is $175.45.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $496.60 million during the quarter, compared to analyst estimates of $508.00 million. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. During the same quarter last year, the business posted $5.37 earnings per share. As a group, equities analysts predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share 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. Shareholders of record on Monday, May 19th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend is Monday, May 19th. Affiliated Managers Group's dividend payout ratio is presently 0.30%.

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.