Prudential Financial Inc. Has $843,000 Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Prudential Financial Inc. decreased its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 79.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,521 shares of the asset manager's stock after selling 17,950 shares during the quarter. Prudential Financial Inc.'s holdings in Affiliated Managers Group were worth $843,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of AMG. Jones Financial Companies Lllp boosted its position in shares of Affiliated Managers Group by 79.5% during the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock valued at $26,000 after purchasing an additional 62 shares in the last quarter. Private Trust Co. NA boosted its holdings in Affiliated Managers Group by 131.9% during the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager's stock worth $40,000 after buying an additional 124 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Affiliated Managers Group in the third quarter worth approximately $46,000. UMB Bank n.a. increased 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 buying an additional 69 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its position in shares of Affiliated Managers Group by 68.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 826 shares of the asset manager's stock valued at $147,000 after acquiring an additional 336 shares during the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on AMG. Barrington Research decreased their target price on Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating on the stock in a report on Tuesday. The Goldman Sachs Group cut Affiliated Managers Group from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. Bank of America reduced 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 note on Thursday, April 3rd. 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 reduced their price target on shares of Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating for the company in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Affiliated Managers Group has a consensus rating of "Moderate Buy" and a consensus price target of $192.40.

Affiliated Managers Group Stock Up 2.9 %

Affiliated Managers Group stock traded up $4.51 during trading hours on Friday, hitting $158.04. The company had a trading volume of 227,718 shares, compared to its average volume of 238,301. Affiliated Managers Group, Inc. has a fifty-two week low of $139.22 and a fifty-two week high of $199.52. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. The firm has a market capitalization of $4.62 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The firm's fifty day moving average is $165.44 and its 200-day moving average is $178.80.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share 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%. On average, research analysts forecast that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.01 dividend. 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 is currently 0.26%.

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.