Brandywine Global Investment Management LLC Trims Stock Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Brandywine Global Investment Management LLC decreased its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 49,128 shares of the asset manager’s stock after selling 210 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Affiliated Managers Group were worth $9,085,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cerity Partners LLC grew its stake in Affiliated Managers Group by 37.1% during the 3rd quarter. Cerity Partners LLC now owns 10,233 shares of the asset manager’s stock worth $1,820,000 after buying an additional 2,767 shares during the last quarter. Bank of Montreal Can grew its position in shares of Affiliated Managers Group by 328.2% during the third quarter. Bank of Montreal Can now owns 70,457 shares of the asset manager’s stock worth $12,420,000 after acquiring an additional 54,003 shares during the last quarter. Townsquare Capital LLC acquired a new position in shares of Affiliated Managers Group in the 3rd quarter valued at $218,000. Glenmede Trust Co. NA raised its position in Affiliated Managers Group by 42.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,149 shares of the asset manager’s stock valued at $382,000 after purchasing an additional 637 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in Affiliated Managers Group by 91.4% during the 3rd quarter. Captrust Financial Advisors now owns 3,713 shares of the asset manager’s stock worth $660,000 after purchasing an additional 1,773 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Stock Up 0.5 %

Shares of NYSE:AMG opened at $168.03 on Tuesday. Affiliated Managers Group, Inc. has a fifty-two week low of $147.13 and a fifty-two week high of $199.52. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. The firm’s 50-day simple moving average is $172.27 and its 200-day simple moving average is $180.41. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 0.57 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, beating 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, equities research analysts predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, February 18th. Affiliated Managers Group’s payout ratio is 0.26%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. The Goldman Sachs Group lowered shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $193.00 to $191.00 in a research note on Monday, January 6th. StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, Barrington Research increased their price objective on 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 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 has a consensus rating of “Moderate Buy” and an average target price 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.