Teacher Retirement System of Texas Sells 3,250 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Teacher Retirement System of Texas reduced its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 17.0% in the fourth quarter, Holdings Channel reports. The fund owned 15,819 shares of the asset manager’s stock after selling 3,250 shares during the quarter. Teacher Retirement System of Texas’ holdings in Affiliated Managers Group were worth $2,925,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Boston Partners boosted its position in Affiliated Managers Group by 46.1% during the fourth quarter. Boston Partners now owns 1,184,130 shares of the asset manager’s stock worth $218,975,000 after purchasing an additional 373,696 shares during the period. Empirical Asset Management LLC grew its position in Affiliated Managers Group by 10,522.8% in the fourth quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock worth $347,000 after acquiring an additional 188,568 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Affiliated Managers Group during the 4th quarter valued at about $28,818,000. Goodman Financial Corp bought a new position in Affiliated Managers Group during the third quarter valued at approximately $14,035,000. Finally, Fisher Asset Management LLC lifted its holdings in shares of Affiliated Managers Group by 84.3% in the 4th quarter. Fisher Asset Management LLC now owns 156,210 shares of the asset manager’s stock worth $28,886,000 after acquiring an additional 71,458 shares during the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Affiliated Managers Group Stock Performance

Shares of AMG stock opened at $172.97 on Wednesday. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average of $173.63 and a 200 day moving average of $180.29. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 0.57 and a beta of 1.18. Affiliated Managers Group, Inc. has a 52 week low of $147.13 and a 52 week high of $199.52.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, topping the consensus estimate 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 expect that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The company also recently announced 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 0.02%. The ex-dividend date of this dividend was Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio is currently 0.26%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AMG. The Goldman Sachs Group lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. Barrington Research lifted their target price on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.40.

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.