Atria Investments Inc Reduces Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Atria Investments Inc decreased its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,771 shares of the asset manager’s stock after selling 265 shares during the period. Atria Investments Inc’s holdings in Affiliated Managers Group were worth $512,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AMG. Empirical Asset Management LLC grew its position in shares of Affiliated Managers Group by 10,522.8% in the fourth quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock valued at $347,000 after purchasing an additional 188,568 shares during the period. Goodman Financial Corp purchased a new stake in shares of Affiliated Managers Group in the third quarter valued at $14,035,000. Fisher Asset Management LLC grew its position in shares of Affiliated Managers Group by 84.3% in the fourth quarter. Fisher Asset Management LLC now owns 156,210 shares of the asset manager’s stock valued at $28,886,000 after purchasing an additional 71,458 shares during the period. Barclays PLC grew its position in shares of Affiliated Managers Group by 261.0% in the third quarter. Barclays PLC now owns 76,488 shares of the asset manager’s stock valued at $13,600,000 after purchasing an additional 55,302 shares during the period. Finally, Bank of Montreal Can grew its position in shares of Affiliated Managers Group by 328.2% in the third quarter. Bank of Montreal Can now owns 70,457 shares of the asset manager’s stock valued at $12,420,000 after purchasing an additional 54,003 shares during the period. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Price Performance

AMG stock opened at $163.62 on Friday. The stock has a 50-day moving average price of $175.20 and a two-hundred day moving average price of $180.29. Affiliated Managers Group, Inc. has a 12-month low of $147.13 and a 12-month high of $199.52. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. The company has a market cap of $4.79 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data 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 return on equity of 16.17% and a net margin of 25.06%. As a group, research analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Announces Dividend

The business also recently disclosed 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 dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio is presently 0.26%.

Wall Street Analyst Weigh In

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