Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Swiss National Bank

Swiss National Bank lessened its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,600 shares of the asset manager’s stock after selling 3,600 shares during the quarter. Swiss National Bank owned about 0.19% of Affiliated Managers Group worth $10,836,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMG. KBC Group NV increased its holdings in Affiliated Managers Group by 17.4% in the 3rd quarter. KBC Group NV now owns 980 shares of the asset manager’s stock worth $174,000 after buying an additional 145 shares during the period. Natixis Advisors LLC increased its holdings in Affiliated Managers Group by 3.1% in the 3rd quarter. Natixis Advisors LLC now owns 12,856 shares of the asset manager’s stock worth $2,286,000 after buying an additional 383 shares during the period. Prospera Private Wealth LLC acquired a new position in Affiliated Managers Group in the 3rd quarter worth approximately $47,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Affiliated Managers Group in the 3rd quarter worth approximately $321,000. Finally, Foundry Partners LLC increased its holdings in Affiliated Managers Group by 3.0% in the 3rd quarter. Foundry Partners LLC now owns 3,781 shares of the asset manager’s stock worth $672,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Trading Down 0.6 %

Shares of NYSE:AMG opened at $169.54 on Friday. Affiliated Managers Group, Inc. has a 1 year low of $147.13 and a 1 year high of $199.52. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. The business’s 50 day moving average price is $174.11 and its 200-day moving average price is $180.10.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (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%. On average, equities research analysts forecast that Affiliated Managers Group, Inc. will post 22.86 earnings per share 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. Stockholders of record on Tuesday, February 18th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) is 0.26%.

Wall Street Analysts Forecast Growth

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