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

National Bank of Canada FI lessened its holdings in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 78.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,458 shares of the asset manager's stock after selling 8,921 shares during the quarter. National Bank of Canada FI's holdings in Affiliated Managers Group were worth $455,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Jones Financial Companies Lllp raised its stake in shares of Affiliated Managers Group by 79.5% in the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock worth $26,000 after purchasing an additional 62 shares during the last quarter. Private Trust Co. NA boosted its holdings in Affiliated Managers Group by 131.9% in the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager's stock valued at $40,000 after purchasing an additional 124 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Affiliated Managers Group during the 3rd quarter worth about $46,000. UMB Bank n.a. raised its stake in shares of Affiliated Managers Group by 37.1% during the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager's stock valued at $47,000 after buying an additional 69 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Affiliated Managers Group in the 4th quarter valued at about $70,000. Hedge funds and other institutional investors own 95.30% of the company's stock.

Analysts Set New Price Targets

AMG has been the subject of a number of analyst reports. Barrington Research decreased their price target on Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group lowered shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and dropped their price target for the company from $193.00 to $191.00 in a research report on Monday, January 6th. Bank of America decreased their price objective on shares of Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. TD Cowen dropped their target price on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Finally, StockNews.com raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Affiliated Managers Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.40.

Affiliated Managers Group Price Performance

AMG stock traded up $1.68 during trading on Tuesday, hitting $160.20. The stock had a trading volume of 19,227 shares, compared to its average volume of 237,331. The company's 50-day moving average price is $164.96 and its two-hundred day moving average price is $178.69. Affiliated Managers Group, Inc. has a twelve month low of $139.22 and a twelve month high of $199.52. The stock has a market capitalization of $4.69 billion, a P/E ratio of 10.61, a PEG ratio of 0.57 and a beta of 1.09. 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 (NYSE:AMG - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, beating the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. As a group, research analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.04 annualized dividend and a yield of 0.02%. Affiliated Managers Group's dividend payout ratio is presently 0.26%.

About Affiliated Managers Group

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.