Wellington Management Group LLP Sells 6,137 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Wellington Management Group LLP cut its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 44.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,659 shares of the asset manager's stock after selling 6,137 shares during the quarter. Wellington Management Group LLP's holdings in Affiliated Managers Group were worth $1,416,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Jones Financial Companies Lllp boosted its holdings in shares of 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 purchasing an additional 62 shares during the period. Private Trust Co. NA lifted its position in Affiliated Managers Group by 131.9% in the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager's stock worth $40,000 after buying an additional 124 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Affiliated Managers Group in the 3rd quarter worth approximately $46,000. UMB Bank n.a. boosted its stake in shares of Affiliated Managers Group by 37.1% during the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager's stock valued at $47,000 after buying an additional 69 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Affiliated Managers Group during the 4th quarter valued at $70,000. Hedge funds and other institutional investors own 95.30% of the company's stock.

Affiliated Managers Group Stock Performance

Affiliated Managers Group stock traded up $0.45 during trading hours on Friday, reaching $156.05. 190,778 shares of the company were exchanged, compared to its average volume of 237,092. Affiliated Managers Group, Inc. has a 12 month low of $139.22 and a 12 month high of $199.52. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average of $163.28 and a 200 day moving average of $178.11. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 0.57 and a beta of 1.09.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, topping analysts' consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. As a group, 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Tuesday, February 18th. Affiliated Managers Group's dividend payout ratio is currently 0.26%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. The Goldman Sachs Group lowered Affiliated Managers Group from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $193.00 to $191.00 in a report on Monday, January 6th. Barrington Research reduced their price target on Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. StockNews.com raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Bank of America cut their price objective on shares of 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. Finally, TD Cowen decreased their target price on shares of 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $192.40.

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.