Los Angeles Capital Management LLC Sells 21,703 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Los Angeles Capital Management LLC lowered its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 21.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 78,369 shares of the asset manager’s stock after selling 21,703 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Affiliated Managers Group were worth $14,492,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AMG. Ashton Thomas Securities LLC bought a new position in shares of Affiliated Managers Group in the third quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new stake in Affiliated Managers Group during the 3rd quarter valued at approximately $46,000. Prospera Private Wealth LLC bought a new stake in Affiliated Managers Group during the 3rd quarter valued at approximately $47,000. UMB Bank n.a. raised its stake in 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 purchasing an additional 69 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Affiliated Managers Group during the 3rd quarter valued at approximately $49,000. Institutional investors own 95.30% of the company’s stock.

Analyst Ratings Changes

AMG has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $193.00 to $191.00 in a research note on Monday, January 6th. Barrington Research lifted their target price on 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 raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Finally, TD Cowen downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $226.00 to $177.00 in a research note on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $198.40.

Affiliated Managers Group Stock Performance

NYSE AMG opened at $165.83 on Wednesday. The stock has a market capitalization of $4.85 billion, a PE ratio of 10.98, a P/E/G ratio of 0.57 and a beta of 1.15. The business has a 50 day simple moving average of $180.95 and a two-hundred day simple moving average of $181.07. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. Affiliated Managers Group, Inc. has a 1-year low of $147.13 and a 1-year high of $199.52.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, beating the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. On average, research analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

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