Wellington Management Group LLP Trims Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Wellington Management Group LLP decreased its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 44.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,659 shares of the asset manager's stock after selling 6,137 shares during the period. Wellington Management Group LLP's holdings in Affiliated Managers Group were worth $1,416,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in 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 buying an additional 62 shares during the period. Private Trust Co. NA increased its position in Affiliated Managers Group by 131.9% during the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager's stock worth $40,000 after buying an additional 124 shares during the period. New Age Alpha Advisors LLC acquired a new position in Affiliated Managers Group during the fourth quarter worth approximately $70,000. Lingohr Asset Management GmbH acquired a new position in Affiliated Managers Group during the fourth quarter worth approximately $204,000. Finally, SVB Wealth LLC acquired a new position in Affiliated Managers Group during the fourth quarter worth approximately $209,000. Institutional investors and hedge funds own 95.30% of the company's stock.

Affiliated Managers Group Price Performance

AMG traded up $1.95 during trading on Friday, reaching $182.30. 98,235 shares of the stock were exchanged, compared to its average volume of 232,349. The business's 50 day moving average price is $168.49 and its two-hundred day moving average price is $174.92. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 0.57 and a beta of 1.08. Affiliated Managers Group, Inc. has a 1 year low of $139.22 and a 1 year high of $199.52.

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. The company had revenue of $496.60 million for the quarter, compared to the consensus estimate of $508.00 million. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. During the same period in the previous year, the business earned $5.37 earnings per share. As a group, equities research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a $0.01 dividend. The ex-dividend date 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 is currently 0.30%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Bank of America cut 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. Wall Street Zen raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. Cowen reissued a "hold" rating on shares of Affiliated Managers Group in a report on Wednesday, May 14th. TD Cowen dropped their target price on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Finally, Barrington Research dropped their target price 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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $192.40.

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.