Affiliated Managers Group, Inc. (NYSE:AMG) Holdings Trimmed by Swiss National Bank

Swiss National Bank cut its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. World Investment Advisors LLC acquired a new position in shares of Affiliated Managers Group during the third quarter valued at $2,592,000. Charles Schwab Investment Management Inc. increased its stake in Affiliated Managers Group by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager's stock valued at $61,228,000 after buying an additional 2,264 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in shares of Affiliated Managers Group during the 3rd quarter worth about $543,000. Empirical Asset Management LLC lifted its stake in shares of Affiliated Managers Group by 10,522.8% in the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager's stock worth $347,000 after acquiring an additional 188,568 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Affiliated Managers Group by 4.8% in the 4th quarter. Victory Capital Management Inc. now owns 118,627 shares of the asset manager's stock worth $21,937,000 after acquiring an additional 5,436 shares during the period. 95.30% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

AMG has been the topic of several recent analyst reports. The Goldman Sachs Group cut Affiliated Managers Group from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $193.00 to $191.00 in a report on Monday, January 6th. Barrington Research lifted their price target on Affiliated Managers Group from $200.00 to $215.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Finally, StockNews.com raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $198.40.

Affiliated Managers Group Price Performance

NYSE:AMG traded up $3.78 during trading hours on Monday, reaching $171.89. 191,774 shares of the company's stock were exchanged, compared to its average volume of 229,513. The company has a market capitalization of $5.03 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. Affiliated Managers Group, Inc. has a 12 month low of $147.13 and a 12 month high of $199.52. The business's 50-day simple moving average is $173.93 and its two-hundred day simple moving average is $180.20. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its earnings results 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 return on equity of 16.17% and a net margin of 25.06%. Sell-side analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders 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 annualized dividend and a yield of 0.02%. Affiliated Managers Group's 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.