AlphaQuest LLC Lowers Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

AlphaQuest LLC lowered its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 88.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,473 shares of the asset manager's stock after selling 10,795 shares during the period. AlphaQuest LLC's holdings in Affiliated Managers Group were worth $272,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Jones Financial Companies Lllp lifted its holdings in shares of Affiliated Managers Group by 79.5% in the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock worth $26,000 after acquiring an additional 62 shares during the last quarter. Private Trust Co. NA raised 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 purchasing an additional 124 shares in the last quarter. UMB Bank n.a. boosted its stake in 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 acquiring an additional 69 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Affiliated Managers Group during the third quarter worth about $46,000. Finally, Prospera Private Wealth LLC acquired a new position in Affiliated Managers Group during the third quarter worth approximately $47,000. Hedge funds and other institutional investors own 95.30% of the company's stock.

Analyst Upgrades and Downgrades

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

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Affiliated Managers Group Price Performance

Shares of AMG stock traded up $4.41 during midday trading on Wednesday, reaching $170.62. 216,744 shares of the company traded hands, compared to its average volume of 227,152. 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 cap of $4.99 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. Affiliated Managers Group, Inc. has a 1-year low of $147.13 and a 1-year high of $199.52. The firm's 50 day simple moving average is $174.53 and its two-hundred day simple moving average is $180.24.

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

Affiliated Managers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group's dividend payout ratio (DPR) is presently 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.