Sei Investments Co. Sells 18,070 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Sei Investments Co. reduced its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 27.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,519 shares of the asset manager’s stock after selling 18,070 shares during the period. Sei Investments Co. owned approximately 0.16% of Affiliated Managers Group worth $8,787,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its holdings in Affiliated Managers Group by 79.5% during the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock worth $26,000 after purchasing an additional 62 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Affiliated Managers Group by 131.9% in the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock worth $40,000 after buying an additional 124 shares in the last quarter. UMB Bank n.a. boosted its position 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 valued at $47,000 after acquiring an additional 69 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Affiliated Managers Group during the third quarter valued at approximately $46,000. Finally, TD Private Client Wealth LLC increased its holdings in Affiliated Managers Group by 68.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 826 shares of the asset manager’s stock worth $147,000 after acquiring an additional 336 shares during the period. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Affiliated Managers Group Trading Down 1.9 %

NYSE AMG opened at $167.44 on Monday. 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 stock’s 50-day simple moving average is $172.65 and its two-hundred day simple moving average is $180.40. Affiliated Managers Group, Inc. has a twelve month low of $147.13 and a twelve month high of $199.52. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 0.57 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share 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%. Research analysts forecast that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend 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 currently 0.26%.

Analyst Ratings Changes

Several research analysts have commented on the stock. The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $193.00 to $191.00 in a report on Monday, January 6th. StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Finally, Barrington Research upped their target price on Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.40.

Affiliated Managers Group Company 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.