New York State Common Retirement Fund Has $21.17 Million Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

New York State Common Retirement Fund lessened its stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 34.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,970 shares of the asset manager's stock after selling 66,554 shares during the period. New York State Common Retirement Fund owned about 0.44% of Affiliated Managers Group worth $21,167,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Jones Financial Companies Lllp increased its holdings in Affiliated Managers Group by 79.5% in the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock worth $26,000 after acquiring an additional 62 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Affiliated Managers Group in the 4th quarter worth $4,377,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Affiliated Managers Group by 5.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,390 shares of the asset manager's stock worth $1,367,000 after acquiring an additional 382 shares in the last quarter. HighTower Advisors LLC increased its holdings in Affiliated Managers Group by 15.5% in the 4th quarter. HighTower Advisors LLC now owns 2,618 shares of the asset manager's stock worth $484,000 after acquiring an additional 351 shares in the last quarter. Finally, Vestcor Inc purchased a new stake in Affiliated Managers Group in the 4th quarter worth $415,000. 95.30% of the stock is owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Down 0.3%

AMG stock traded down $0.71 on Friday, reaching $210.01. 258,082 shares of the company's stock were exchanged, compared to its average volume of 219,452. The stock has a fifty day moving average of $188.30 and a 200-day moving average of $176.62. Affiliated Managers Group, Inc. has a twelve month low of $139.22 and a twelve month high of $212.01. The firm has a market cap of $5.97 billion, a PE ratio of 15.96, a P/E/G ratio of 0.64 and a beta of 1.09.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its earnings results on Thursday, May 8th. The asset manager reported $5.20 EPS for the quarter, topping analysts' consensus estimates of $5.10 by $0.10. Affiliated Managers Group had a return on equity of 15.91% and a net margin of 21.31%. The company had revenue of $496.60 million for the quarter, compared to the consensus estimate of $508.00 million. During the same period in the previous year, the business earned $5.37 earnings per share. On average, equities research analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. The Goldman Sachs Group raised Affiliated Managers Group from a "neutral" rating to a "buy" rating and increased their price objective for the company from $197.00 to $218.00 in a research note on Friday, June 27th. Bank of America cut their target price on Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Barrington Research cut their target price on Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Wall Street Zen downgraded Affiliated Managers Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Cowen reaffirmed a "hold" rating on shares of Affiliated Managers Group in a research note 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 data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $197.80.

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.