UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Position in Affiliated Managers Group, Inc. (NYSE:AMG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 67.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,652 shares of the asset manager's stock after selling 89,010 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.15% of Affiliated Managers Group worth $7,761,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. CWM LLC grew its position in shares of Affiliated Managers Group by 8.8% in the 2nd quarter. CWM LLC now owns 2,720 shares of the asset manager's stock valued at $425,000 after buying an additional 220 shares during the last quarter. Diversified Trust Co acquired a new stake in shares of Affiliated Managers Group in the second quarter valued at approximately $1,293,000. Blue Trust Inc. grew its position in shares of Affiliated Managers Group by 107.8% during the second quarter. Blue Trust Inc. now owns 962 shares of the asset manager's stock worth $161,000 after acquiring an additional 499 shares during the last quarter. Raymond James & Associates raised its position in Affiliated Managers Group by 9.6% in the 2nd quarter. Raymond James & Associates now owns 234,647 shares of the asset manager's stock valued at $36,659,000 after purchasing an additional 20,514 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Affiliated Managers Group by 1.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 8,124 shares of the asset manager's stock worth $1,269,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 95.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. TD Cowen cut shares of Affiliated Managers Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $226.00 to $177.00 in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price objective on Affiliated Managers Group from $204.00 to $208.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Finally, Barrington Research dropped their target price on Affiliated Managers Group from $210.00 to $200.00 and set an "outperform" rating on the stock in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Affiliated Managers Group presently has a consensus rating of "Hold" and a consensus price target of $196.50.

Affiliated Managers Group Price Performance

NYSE AMG traded up $0.64 on Tuesday, hitting $185.36. 154,370 shares of the company's stock were exchanged, compared to its average volume of 234,724. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 0.67 and a beta of 1.15. The firm's 50-day moving average price is $187.13 and its two-hundred day moving average price is $173.61. Affiliated Managers Group, Inc. has a fifty-two week low of $138.85 and a fifty-two week high of $199.52.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share for the quarter, missing analysts' consensus estimates of $4.84 by ($0.02). The business had revenue of $525.20 million for the quarter, compared to analyst estimates of $521.87 million. Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. The company's revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $4.08 EPS. On average, research analysts predict that Affiliated Managers Group, Inc. will post 20.91 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group's payout ratio is 0.26%.

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.