New York State Teachers Retirement System Has $6.23 Million Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

New York State Teachers Retirement System trimmed its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 10.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,098 shares of the asset manager's stock after selling 4,100 shares during the quarter. New York State Teachers Retirement System owned about 0.13% of Affiliated Managers Group worth $6,234,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp increased 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 worth $26,000 after acquiring an additional 62 shares during the period. Versant Capital Management Inc increased its position in Affiliated Managers Group by 70.8% during the first quarter. Versant Capital Management Inc now owns 181 shares of the asset manager's stock worth $30,000 after acquiring an additional 75 shares during the period. New Age Alpha Advisors LLC bought a new position in Affiliated Managers Group during the fourth quarter worth about $70,000. Parallel Advisors LLC increased its position in Affiliated Managers Group by 6.8% during the first quarter. Parallel Advisors LLC now owns 1,170 shares of the asset manager's stock worth $197,000 after acquiring an additional 75 shares during the period. Finally, Lingohr Asset Management GmbH bought a new position in Affiliated Managers Group during the fourth quarter worth about $204,000. 95.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on AMG shares. The Goldman Sachs Group raised 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 research report on Friday, June 27th. Wall Street Zen lowered shares of Affiliated Managers Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. TD Cowen cut their price target on shares of Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Bank of America cut 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 report on Thursday, April 3rd. Finally, Cowen reaffirmed a "hold" rating on shares of Affiliated Managers Group in a report on Wednesday, May 14th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $197.80.

Affiliated Managers Group Stock Performance

Shares of Affiliated Managers Group stock traded up $1.90 during midday trading on Wednesday, hitting $203.78. 204,129 shares of the company traded hands, compared to its average volume of 221,264. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 0.68 and a beta of 1.09. The firm's fifty day moving average price is $183.90 and its 200-day moving average price is $175.69. Affiliated Managers Group, Inc. has a 12 month low of $139.22 and a 12 month high of $205.25.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The asset manager reported $5.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.10 by $0.10. The company had revenue of $496.60 million for the quarter, compared to analyst estimates of $508.00 million. Affiliated Managers Group had a net margin of 21.31% and a return on equity of 15.91%. During the same period in the previous year, the firm posted $5.37 EPS. Equities research 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 declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Monday, May 19th. Affiliated Managers Group's dividend payout ratio (DPR) is presently 0.30%.

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.