Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 7.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,439 shares of the asset manager’s stock after selling 1,613 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Affiliated Managers Group were worth $3,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in AMG. Ashton Thomas Securities LLC acquired a new position in shares of Affiliated Managers Group in the third quarter worth about $30,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Affiliated Managers Group in the 3rd quarter valued at about $46,000. Prospera Private Wealth LLC acquired a new position in Affiliated Managers Group in the 3rd quarter worth about $47,000. UMB Bank n.a. boosted its position in Affiliated Managers Group by 37.1% during the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock worth $47,000 after purchasing an additional 69 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Affiliated Managers Group in the third quarter valued at approximately $49,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. StockNews.com raised 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 reduced their price objective for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. TD Cowen lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $226.00 to $177.00 in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Barrington Research raised 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $198.40.

Affiliated Managers Group Stock Up 2.3 %

Shares of NYSE AMG opened at $171.09 on Friday. The stock has a market cap of $5.01 billion, a PE ratio of 11.33, a P/E/G ratio of 0.57 and a beta of 1.15. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. Affiliated Managers Group, Inc. has a 12-month low of $147.13 and a 12-month high of $199.52. The company has a 50-day moving average of $180.26 and a 200 day moving average of $181.03.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. As a group, sell-side analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal 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. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.04 annualized dividend and a yield of 0.02%. Affiliated Managers Group’s payout ratio is 0.26%.

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.