Teacher Retirement System of Texas Has $1.55 Million Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Teacher Retirement System of Texas lessened its stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 41.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,201 shares of the asset manager's stock after selling 6,618 shares during the quarter. Teacher Retirement System of Texas' holdings in Affiliated Managers Group were worth $1,546,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in shares of Affiliated Managers Group by 79.5% during the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock worth $26,000 after buying an additional 62 shares during the period. Versant Capital Management Inc grew its position in shares of Affiliated Managers Group by 70.8% during the 1st quarter. Versant Capital Management Inc now owns 181 shares of the asset manager's stock worth $30,000 after buying an additional 75 shares during the period. Private Trust Co. NA grew its position in shares of Affiliated Managers Group by 38.1% during the 1st quarter. Private Trust Co. NA now owns 301 shares of the asset manager's stock worth $51,000 after buying an additional 83 shares during the period. Rossby Financial LCC bought a new position in Affiliated Managers Group during the 1st quarter worth approximately $56,000. Finally, New Age Alpha Advisors LLC bought a new position in Affiliated Managers Group during the 4th quarter worth approximately $70,000. Institutional investors and hedge funds own 95.30% of the company's stock.

Affiliated Managers Group Price Performance

NYSE:AMG opened at $204.92 on Friday. Affiliated Managers Group, Inc. has a one year low of $139.22 and a one year high of $208.05. The company has a market cap of $5.83 billion, a P/E ratio of 15.57, a P/E/G ratio of 0.65 and a beta of 1.09. The firm's fifty day moving average price is $185.30 and its two-hundred day moving average price is $175.96.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The asset manager reported $5.20 EPS for the quarter, beating the consensus estimate of $5.10 by $0.10. Affiliated Managers Group had a net margin of 21.31% and a return on equity of 15.91%. The firm 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 company earned $5.37 earnings per share. As a group, equities research analysts expect that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently weighed in on AMG. TD Cowen reduced their price objective on shares of Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a research note 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 on the stock in a research note on Thursday, April 3rd. Barrington Research cut their price target on shares of Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Wall Street Zen lowered shares of Affiliated Managers Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Finally, The Goldman Sachs Group upgraded shares of Affiliated Managers Group from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $197.00 to $218.00 in a report on Friday, June 27th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Affiliated Managers Group currently has an average rating of "Hold" and an average 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.

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