Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC reduced its stake in Affiliated Managers Group by 10%, now holding 12,487 shares worth approximately $2,098,000.
• Wall Street analysts have mixed views on AMG, with Goldman Sachs upgrading to a "buy" rating and a price target increase to $218.00, while others have issued varying ratings.
• The company reported earnings of $5.39 per share for the last quarter, surpassing the consensus estimate of $5.26, but its revenue was slightly below expectations at $493.20 million.

Natixis Advisors LLC trimmed its holdings in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 10.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,487 shares of the asset manager's stock after selling 1,388 shares during the quarter. Natixis Advisors LLC's holdings in Affiliated Managers Group were worth $2,098,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in Affiliated Managers Group by 18.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 53,727 shares of the asset manager's stock worth $9,028,000 after purchasing an additional 8,361 shares in the last quarter. Private Trust Co. NA lifted its stake in Affiliated Managers Group by 38.1% in the 1st quarter. Private Trust Co. NA now owns 301 shares of the asset manager's stock worth $51,000 after purchasing an additional 83 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Affiliated Managers Group by 785.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,859 shares of the asset manager's stock worth $315,000 after purchasing an additional 1,649 shares in the last quarter. XTX Topco Ltd lifted its stake in Affiliated Managers Group by 189.9% in the 1st quarter. XTX Topco Ltd now owns 14,695 shares of the asset manager's stock worth $2,469,000 after purchasing an additional 9,626 shares in the last quarter. Finally, Dodge & Cox purchased a new position in Affiliated Managers Group in the 4th quarter worth approximately $1,202,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

Affiliated Managers Group Price Performance

Shares of AMG stock traded up $4.32 during trading hours on Tuesday, hitting $218.34. The company had a trading volume of 40,983 shares, compared to its average volume of 227,734. Affiliated Managers Group, Inc. has a fifty-two week low of $139.22 and a fifty-two week high of $220.00. The company's fifty day moving average is $198.68 and its 200 day moving average is $179.51. The stock has a market capitalization of $6.21 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 0.60 and a beta of 1.14.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its earnings results on Thursday, July 31st. The asset manager reported $5.39 earnings per share for the quarter, beating the consensus estimate of $5.26 by $0.13. Affiliated Managers Group had a net margin of 21.79% and a return on equity of 16.11%. The firm had revenue of $493.20 million during the quarter, compared to the consensus estimate of $506.46 million. During the same quarter last year, the firm earned $4.67 EPS. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. Equities analysts forecast that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Monday, August 11th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date is Monday, August 11th. Affiliated Managers Group's dividend payout ratio (DPR) is 0.29%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AMG. Cowen raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Monday, August 4th. Wall Street Zen downgraded shares of Affiliated Managers Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Barrington Research restated an "outperform" rating and set a $200.00 price target on shares of Affiliated Managers Group in a report on Tuesday, July 29th. TD Cowen upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating and raised their price target for the stock from $214.00 to $255.00 in a report on Monday, August 4th. Finally, The Goldman Sachs Group upgraded shares of Affiliated Managers Group from a "neutral" rating to a "buy" rating and raised their price target for the stock from $197.00 to $218.00 in a report on Friday, June 27th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Affiliated Managers Group has a consensus rating of "Moderate Buy" and an average target price of $215.20.

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.