Pacer Advisors Inc. Trims Stock Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Pacer Advisors Inc. cut its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 16.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,468 shares of the asset manager’s stock after selling 1,115 shares during the quarter. Pacer Advisors Inc.’s holdings in Affiliated Managers Group were worth $1,011,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in Affiliated Managers Group during the 3rd quarter valued at about $30,000. UMB Bank n.a. raised its stake in Affiliated Managers Group by 481.3% during the 3rd quarter. UMB Bank n.a. now owns 186 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 154 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Affiliated Managers Group during the 3rd quarter valued at approximately $46,000. Prospera Private Wealth LLC purchased a new position in shares of Affiliated Managers Group in the 3rd quarter worth approximately $47,000. Finally, Brooklyn Investment Group purchased a new position in shares of Affiliated Managers Group in the 3rd quarter worth approximately $49,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

Affiliated Managers Group Trading Down 2.2 %

NYSE AMG opened at $183.72 on Tuesday. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 0.69 and a beta of 1.15. Affiliated Managers Group, Inc. has a twelve month low of $147.13 and a twelve month high of $199.52. The stock has a 50-day moving average of $185.61 and a 200 day moving average of $180.99.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Monday, November 4th. The asset manager reported $4.82 EPS for the quarter, missing analysts’ consensus estimates of $4.84 by ($0.02). Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The firm had revenue of $525.20 million for the quarter, compared to analyst estimates of $521.87 million. During the same period in the previous year, the company earned $4.08 EPS. Affiliated Managers Group’s revenue was up 1.7% compared to the same quarter last year. Equities analysts predict that Affiliated Managers Group, Inc. will post 20.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMG. Deutsche Bank Aktiengesellschaft boosted their price objective on Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a report on Monday, November 11th. TD Cowen lowered 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 research report on Tuesday, November 5th. The Goldman Sachs Group lowered 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 research report on Monday, January 6th. Finally, Barrington Research reduced their target price on Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $195.40.

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.