Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,056 shares of the asset manager’s stock after selling 681 shares during the quarter. Wellington Management Group LLP owned approximately 0.05% of Affiliated Managers Group worth $2,583,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMG. Corient Private Wealth LLC boosted its stake in shares of Affiliated Managers Group by 98.8% during the 4th quarter. Corient Private Wealth LLC now owns 9,551 shares of the asset manager’s stock valued at $1,446,000 after buying an additional 4,747 shares during the last quarter. Bridgewater Associates LP boosted its stake in Affiliated Managers Group by 24.9% during the 4th quarter. Bridgewater Associates LP now owns 127,360 shares of the asset manager’s stock valued at $19,285,000 after acquiring an additional 25,365 shares during the last quarter. Morgan Stanley grew its holdings in Affiliated Managers Group by 1.7% during the 3rd quarter. Morgan Stanley now owns 2,474,577 shares of the asset manager’s stock worth $322,537,000 after acquiring an additional 41,120 shares in the last quarter. Charles Carroll Financial Partners LLC grew its holdings in Affiliated Managers Group by 62.3% during the 4th quarter. Charles Carroll Financial Partners LLC now owns 13,150 shares of the asset manager’s stock worth $1,991,000 after acquiring an additional 5,050 shares in the last quarter. Finally, Seven Eight Capital LP bought a new stake in shares of Affiliated Managers Group in the 4th quarter worth about $1,037,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

Affiliated Managers Group Stock Up 0.4 %

AMG opened at $156.23 on Monday. The company’s 50-day moving average price is $157.77 and its 200 day moving average price is $156.83. Affiliated Managers Group, Inc. has a fifty-two week low of $120.22 and a fifty-two week high of $169.65. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 8.67, a price-to-earnings-growth ratio of 0.51 and a beta of 1.24.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Monday, May 6th. The asset manager reported $5.37 EPS for the quarter, topping analysts’ consensus estimates of $5.21 by $0.16. The firm had revenue of $499.90 million during the quarter, compared to the consensus estimate 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 business earned $4.18 EPS. Research analysts anticipate that Affiliated Managers Group, Inc. will post 21.72 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

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

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.