Affiliated Managers Group, Inc. (NYSE:AMG) Stock Holdings Reduced by Swiss National Bank

Swiss National Bank decreased its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 13.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,100 shares of the asset manager's stock after selling 10,300 shares during the quarter. Swiss National Bank owned 0.20% of Affiliated Managers Group worth $10,463,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. New York State Common Retirement Fund boosted its holdings in shares of Affiliated Managers Group by 342.1% in the 4th quarter. New York State Common Retirement Fund now owns 161,375 shares of the asset manager's stock valued at $24,435,000 after acquiring an additional 124,871 shares during the last quarter. Ariel Investments LLC raised its holdings in Affiliated Managers Group by 11.3% in the 3rd quarter. Ariel Investments LLC now owns 1,188,146 shares of the asset manager's stock worth $154,863,000 after purchasing an additional 120,977 shares during the period. Assenagon Asset Management S.A. grew its holdings in Affiliated Managers Group by 294.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 148,243 shares of the asset manager's stock valued at $22,447,000 after purchasing an additional 110,646 shares during the period. Invesco Ltd. raised its stake in shares of Affiliated Managers Group by 65.7% during the 3rd quarter. Invesco Ltd. now owns 263,664 shares of the asset manager's stock worth $34,366,000 after buying an additional 104,507 shares during the period. Finally, LGT Capital Partners LTD. lifted its position in shares of Affiliated Managers Group by 28.3% during the 4th quarter. LGT Capital Partners LTD. now owns 393,330 shares of the asset manager's stock valued at $59,558,000 after buying an additional 86,670 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company's stock.

Affiliated Managers Group Price Performance

Shares of AMG traded down $0.99 during mid-day trading on Monday, reaching $156.68. The stock had a trading volume of 214,348 shares, compared to its average volume of 248,760. Affiliated Managers Group, Inc. has a 52-week low of $120.22 and a 52-week high of $169.65. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 8.69, a P/E/G ratio of 0.51 and a beta of 1.31. The business's fifty day moving average is $161.49 and its 200 day moving average is $150.97.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly earnings results on Monday, May 6th. The asset manager reported $5.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.21 by $0.16. Affiliated Managers Group had a net margin of 33.74% and a return on equity of 16.66%. The business had revenue of $499.90 million during the quarter, compared to the consensus estimate of $524.53 million. During the same quarter last year, the firm earned $4.18 EPS. As a group, sell-side analysts anticipate that Affiliated Managers Group, Inc. will post 21.76 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, May 15th. Affiliated Managers Group's payout ratio is 0.22%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AMG shares. TD Cowen dropped their target price on shares of Affiliated Managers Group from $218.00 to $198.00 and set a "buy" rating on the stock in a research report on Tuesday, May 7th. Barrington Research restated an "outperform" rating and set a $190.00 price target on shares of Affiliated Managers Group in a research report on Tuesday, May 7th.

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.