Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC decreased its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,987 shares of the asset manager’s stock after selling 3,815 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.36% of Affiliated Managers Group worth $20,339,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. HighTower Advisors LLC grew its position in shares of Affiliated Managers Group by 15.5% in the fourth quarter. HighTower Advisors LLC now owns 2,618 shares of the asset manager’s stock valued at $484,000 after purchasing an additional 351 shares during the period. Wealthfront Advisers LLC acquired a new position in Affiliated Managers Group during the fourth quarter worth about $13,135,000. Channing Capital Management LLC boosted its position in Affiliated Managers Group by 5.5% during the fourth quarter. Channing Capital Management LLC now owns 514,580 shares of the asset manager’s stock worth $95,156,000 after acquiring an additional 26,654 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Affiliated Managers Group by 5.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,390 shares of the asset manager’s stock worth $1,367,000 after acquiring an additional 382 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its position in Affiliated Managers Group by 18.9% during the fourth quarter. Edgestream Partners L.P. now owns 5,510 shares of the asset manager’s stock worth $1,019,000 after acquiring an additional 876 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group lowered shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, Barrington Research boosted their price target on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $198.40.

Affiliated Managers Group Price Performance

Shares of AMG stock opened at $161.84 on Thursday. 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 firm’s 50-day moving average is $176.73 and its two-hundred day moving average is $180.59. Affiliated Managers Group, Inc. has a 12 month low of $147.13 and a 12 month high of $199.52. The company has a market capitalization of $4.73 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS 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%. Analysts predict 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 dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 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.