Bank of New York Mellon Corp Sells 12,882 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Bank of New York Mellon Corp lowered its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 280,959 shares of the asset manager's stock after selling 12,882 shares during the period. Bank of New York Mellon Corp owned approximately 0.93% of Affiliated Managers Group worth $51,955,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Empirical Asset Management LLC raised its holdings in shares of Affiliated Managers Group by 10,522.8% during 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 acquired a new position in Affiliated Managers Group during the 3rd quarter worth approximately $14,035,000. Barclays PLC raised its stake in Affiliated Managers Group by 261.0% during the 3rd quarter. Barclays PLC now owns 76,488 shares of the asset manager's stock worth $13,600,000 after buying an additional 55,302 shares during the period. Bank of Montreal Can boosted its holdings in 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 worth $12,420,000 after acquiring an additional 54,003 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in Affiliated Managers Group by 70.6% in the third quarter. Los Angeles Capital Management LLC now owns 100,072 shares of the asset manager's stock valued at $17,793,000 after acquiring an additional 41,413 shares during the period. 95.30% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. StockNews.com raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a "buy" rating in a report on Monday, November 11th. The Goldman Sachs Group cut shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $193.00 to $191.00 in a report on Monday, January 6th. Finally, Barrington Research upped their target price on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $198.40.

Affiliated Managers Group Stock Down 1.3 %

Shares of NYSE AMG traded down $2.14 during trading on Friday, hitting $159.60. The stock had a trading volume of 299,466 shares, compared to its average volume of 226,919. The firm has a fifty day moving average of $177.82 and a two-hundred day moving average of $180.75. The company has a market capitalization of $4.67 billion, a PE ratio of 10.57, a PEG 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. Affiliated Managers Group, Inc. has a 12 month low of $147.13 and a 12 month high of $199.52.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. As a group, equities research analysts forecast that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The firm also recently declared 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. The ex-dividend date was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. Affiliated Managers Group's dividend payout ratio (DPR) is currently 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.