Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC trimmed its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 63.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,148 shares of the asset manager's stock after selling 1,998 shares during the quarter. Squarepoint Ops LLC's holdings in Affiliated Managers Group were worth $212,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Two Sigma Advisers LP boosted its position in shares of Affiliated Managers Group by 107.0% during the fourth quarter. Two Sigma Advisers LP now owns 8,900 shares of the asset manager's stock worth $1,646,000 after buying an additional 4,600 shares during the period. Two Sigma Investments LP lifted its stake in Affiliated Managers Group by 18.0% during the 4th quarter. Two Sigma Investments LP now owns 21,569 shares of the asset manager's stock worth $3,989,000 after acquiring an additional 3,295 shares in the last quarter. ProShare Advisors LLC lifted its stake in Affiliated Managers Group by 8.8% during the 4th quarter. ProShare Advisors LLC now owns 1,415 shares of the asset manager's stock worth $262,000 after acquiring an additional 115 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in Affiliated Managers Group by 21.9% during the 4th quarter. Quantinno Capital Management LP now owns 14,705 shares of the asset manager's stock valued at $2,719,000 after acquiring an additional 2,639 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in shares of Affiliated Managers Group during the fourth quarter worth about $1,278,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

Affiliated Managers Group Stock Performance

Shares of AMG stock traded up $0.57 during mid-day trading on Monday, hitting $182.86. 142,436 shares of the stock were exchanged, compared to its average volume of 232,170. The stock's fifty day simple moving average is $168.49 and its two-hundred day simple moving average is $174.76. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13. Affiliated Managers Group, Inc. has a 12-month low of $139.22 and a 12-month high of $199.52. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 12.11, a P/E/G ratio of 0.57 and a beta of 1.08.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The asset manager reported $5.20 earnings per share for the quarter, beating the consensus estimate of $5.10 by $0.10. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. The business had revenue of $496.60 million during the quarter, compared to the consensus estimate of $508.00 million. During the same period in the prior year, the company earned $5.37 earnings per share. On average, analysts forecast that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group's dividend payout ratio (DPR) is presently 0.30%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Bank of America cut their target price on shares of 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. Barrington Research cut 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. Cowen reaffirmed a "hold" rating on shares of Affiliated Managers Group in a research report on Wednesday, May 14th. TD Cowen lowered their price objective on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Finally, Wall Street Zen upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $192.40.

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.