Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 34.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 approximately 0.44% of Affiliated Managers Group worth $21,167,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Affiliated Managers Group by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 3,211,846 shares of the asset manager's stock valued at $593,935,000 after acquiring an additional 31,343 shares during the last quarter. Boston Partners grew its position in Affiliated Managers Group by 46.1% in the 4th quarter. Boston Partners now owns 1,184,130 shares of the asset manager's stock valued at $218,975,000 after acquiring an additional 373,696 shares during the last quarter. LSV Asset Management grew its position in Affiliated Managers Group by 79.1% in the 4th quarter. LSV Asset Management now owns 423,994 shares of the asset manager's stock valued at $78,405,000 after acquiring an additional 187,290 shares during the last quarter. Norges Bank bought a new position in Affiliated Managers Group in the 4th quarter valued at $68,683,000. Finally, Northern Trust Corp grew its position in Affiliated Managers Group by 8.4% in the 4th quarter. Northern Trust Corp now owns 349,611 shares of the asset manager's stock valued at $64,650,000 after acquiring an additional 26,990 shares during the last quarter. Institutional investors own 95.30% of the company's stock.

Affiliated Managers Group Stock Performance

AMG stock traded down $0.04 during trading on Friday, reaching $210.68. 29,771 shares of the company traded hands, compared to its average volume of 218,926. Affiliated Managers Group, Inc. has a 12 month low of $139.22 and a 12 month high of $212.01. The business has a 50 day simple moving average of $187.69 and a 200 day simple moving average of $176.45. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 0.62 and a beta of 1.09.

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. 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 quarter last year, the company earned $5.37 earnings per share. As a group, research analysts forecast that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have commented on AMG. Wall Street Zen downgraded Affiliated Managers Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. TD Cowen dropped their price target 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. Bank of America dropped their price target on 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. Barrington Research dropped their price target on Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Finally, Cowen reissued a "hold" rating on shares of Affiliated Managers Group in a research report on Wednesday, May 14th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $197.80.

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.