Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,102 shares of the asset manager’s stock after selling 600 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Affiliated Managers Group were worth $1,833,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Lindbrook Capital LLC lifted its stake in Affiliated Managers Group by 80.0% during the 4th quarter. Lindbrook Capital LLC now owns 162 shares of the asset manager’s stock worth $25,000 after acquiring an additional 72 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Affiliated Managers Group during the 4th quarter worth about $62,000. Quadrant Capital Group LLC increased its holdings in Affiliated Managers Group by 45.6% during the 4th quarter. Quadrant Capital Group LLC now owns 591 shares of the asset manager’s stock worth $89,000 after purchasing an additional 185 shares during the period. Blue Trust Inc. increased its holdings in Affiliated Managers Group by 17.1% during the 4th quarter. Blue Trust Inc. now owns 617 shares of the asset manager’s stock worth $93,000 after purchasing an additional 90 shares during the period. Finally, Signaturefd LLC increased its holdings in Affiliated Managers Group by 97.1% during the 4th quarter. Signaturefd LLC now owns 873 shares of the asset manager’s stock worth $132,000 after purchasing an additional 430 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Stock Up 1.1 %

Shares of NYSE AMG opened at $156.96 on Friday. The stock has a market cap of $5.00 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 0.50 and a beta of 1.24. Affiliated Managers Group, Inc. has a 52-week low of $120.22 and a 52-week high of $169.65. The business has a 50-day moving average price of $157.93 and a 200 day moving average price of $155.93.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Monday, May 6th. The asset manager reported $5.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.21 by $0.16. The firm had revenue of $499.90 million during the quarter, compared to analysts’ expectations of $524.53 million. Affiliated Managers Group had a return on equity of 16.66% and a net margin of 33.74%. During the same period in the prior year, the firm earned $4.18 EPS. Sell-side analysts anticipate that Affiliated Managers Group, Inc. will post 21.72 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, May 15th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. Affiliated Managers Group’s payout ratio is 0.22%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AMG shares. TD Cowen cut their price target on Affiliated Managers Group from $218.00 to $198.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Barrington Research restated an “outperform” rating and set a $190.00 price target on shares of Affiliated Managers Group in a report on Tuesday, May 7th.

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.