Asset Management One Co. Ltd. Lowers Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Asset Management One Co. Ltd. decreased its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 75.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,588 shares of the asset manager’s stock after selling 8,006 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Affiliated Managers Group were worth $486,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Affiliated Managers Group in the third quarter worth about $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Affiliated Managers Group in the third quarter worth about $46,000. Prospera Private Wealth LLC purchased a new stake in shares of Affiliated Managers Group in the third quarter worth about $47,000. UMB Bank n.a. boosted its stake in shares of Affiliated Managers Group by 37.1% in the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock worth $47,000 after buying an additional 69 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Affiliated Managers Group in the 3rd quarter worth about $49,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Price Performance

Shares of Affiliated Managers Group stock opened at $168.27 on Friday. The business has a 50 day simple moving average of $182.23 and a two-hundred day simple moving average of $180.73. Affiliated Managers Group, Inc. has a 12 month low of $147.13 and a 12 month high of $199.52. The stock has a market capitalization of $4.92 billion, a P/E ratio of 11.14, a PEG ratio of 0.60 and a beta of 1.15. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 0.45.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS 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, analysts predict that Affiliated Managers Group, Inc. will post 22.85 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group’s payout ratio is currently 0.26%.

Analyst Upgrades and Downgrades

AMG has been the subject of a number of analyst reports. Barrington Research upped their price target on Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. TD Cowen cut Affiliated Managers Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $226.00 to $177.00 in a report on Tuesday, November 5th. The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $193.00 to $191.00 in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $198.40.

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.