New York State Teachers Retirement System Sells 4,811 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

New York State Teachers Retirement System reduced its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,198 shares of the asset manager's stock after selling 4,811 shares during the quarter. New York State Teachers Retirement System owned about 0.14% of Affiliated Managers Group worth $7,618,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. UMB Bank n.a. lifted its holdings in shares of Affiliated Managers Group by 37.1% in the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager's stock valued at $47,000 after purchasing an additional 69 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Affiliated Managers Group by 21.4% in the 3rd quarter. Covestor Ltd now owns 471 shares of the asset manager's stock worth $84,000 after acquiring an additional 83 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Affiliated Managers Group by 1.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,712 shares of the asset manager's stock worth $838,000 after buying an additional 90 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Affiliated Managers Group by 11.8% during the 4th quarter. GAMMA Investing LLC now owns 888 shares of the asset manager's stock valued at $164,000 after acquiring an additional 94 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in Affiliated Managers Group by 1.2% during the 4th quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the asset manager's stock worth $1,553,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company's stock.

Affiliated Managers Group Trading Down 1.3 %

AMG stock traded down $2.23 during trading on Friday, hitting $166.04. The company had a trading volume of 196,691 shares, compared to its average volume of 181,781. The firm has a market capitalization of $4.86 billion, a P/E ratio of 11.00, a PEG ratio of 0.59 and a beta of 1.15. Affiliated Managers Group, Inc. has a 52-week low of $147.13 and a 52-week high of $199.52. The company has a 50 day simple moving average of $181.82 and a 200-day simple moving average of $180.77. The company has a quick ratio of 0.45, a current ratio of 2.13 and a debt-to-equity ratio of 0.61.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, beating the consensus estimate 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, research analysts forecast that Affiliated Managers Group, Inc. will post 22.85 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date is Tuesday, February 18th. Affiliated Managers Group's payout ratio is 0.26%.

Analysts Set New Price Targets

Several brokerages have issued reports on AMG. 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 report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the company a "buy" rating in a research report on Monday, November 11th. The Goldman Sachs Group lowered shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and dropped their target price for the company from $193.00 to $191.00 in a report on Monday, January 6th. StockNews.com raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Finally, TD Cowen downgraded shares of Affiliated Managers Group from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $226.00 to $177.00 in a research report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Affiliated Managers Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $198.40.

Affiliated Managers Group 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.