Mission Wealth Management LP Has $639,000 Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Mission Wealth Management LP cut its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,458 shares of the asset manager’s stock after selling 349 shares during the period. Mission Wealth Management LP’s holdings in Affiliated Managers Group were worth $639,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors LLC acquired a new position in Affiliated Managers Group in the third quarter valued at about $2,592,000. Asset Management One Co. Ltd. boosted its position in Affiliated Managers Group by 94.3% in the third quarter. Asset Management One Co. Ltd. now owns 10,594 shares of the asset manager’s stock valued at $1,884,000 after buying an additional 5,142 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Affiliated Managers Group in the third quarter valued at about $543,000. Empirical Asset Management LLC raised its stake in shares of 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 during the last quarter. Finally, Weiss Asset Management LP bought a new position in shares of Affiliated Managers Group in the third quarter worth about $2,130,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Trading Down 3.8 %

AMG opened at $161.02 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 0.57 and a beta of 1.15. The firm has a 50 day simple moving average of $179.91 and a 200 day simple moving average of $181.09. Affiliated Managers Group, Inc. has a fifty-two week low of $147.13 and a fifty-two week high of $199.52.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results 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%. On average, sell-side analysts anticipate 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. Shareholders of record on Tuesday, February 18th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date was Tuesday, February 18th. Affiliated Managers Group’s payout ratio is presently 0.26%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AMG shares. Deutsche Bank Aktiengesellschaft boosted 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. TD Cowen downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $226.00 to $177.00 in a research note on Tuesday, November 5th. Barrington Research boosted 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. The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. Finally, StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Affiliated Managers Group presently has a consensus rating of “Moderate Buy” and an average price target of $198.40.

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.