Quent Capital LLC Sells 84 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Quent Capital LLC lessened its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 6.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,282 shares of the asset manager’s stock after selling 84 shares during the period. Quent Capital LLC’s holdings in Affiliated Managers Group were worth $237,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in shares of Affiliated Managers Group in the third quarter worth $30,000. UMB Bank n.a. raised its position in Affiliated Managers Group by 481.3% during the third quarter. UMB Bank n.a. now owns 186 shares of the asset manager’s stock worth $33,000 after acquiring an additional 154 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Affiliated Managers Group in the third quarter valued at $46,000. Prospera Private Wealth LLC acquired a new stake in Affiliated Managers Group in the third quarter valued at $47,000. Finally, Brooklyn Investment Group acquired a new stake in Affiliated Managers Group in the third quarter valued at $49,000. Institutional investors own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on AMG shares. Barrington Research increased their price target on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. The Goldman Sachs Group cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, TD Cowen cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $226.00 to $177.00 in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Affiliated Managers Group presently has an average rating of “Moderate Buy” and an average target price of $198.40.

Affiliated Managers Group Price Performance

NYSE:AMG opened at $167.03 on Thursday. Affiliated Managers Group, Inc. has a 52 week low of $147.13 and a 52 week high of $199.52. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 11.06, a P/E/G ratio of 0.67 and a beta of 1.15. The firm’s 50-day simple moving average is $184.24 and its 200 day simple moving average is $181.20. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.45 and a current ratio of 2.13.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, beating 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, sell-side analysts predict that Affiliated Managers Group, Inc. will post 22.83 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend is Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio is currently 0.26%.

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.