Amundi Sells 4,233 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Amundi decreased its holdings in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 17.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,324 shares of the asset manager's stock after selling 4,233 shares during the quarter. Amundi owned about 0.07% of Affiliated Managers Group worth $3,674,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMG. World Investment Advisors LLC purchased a new position in Affiliated Managers Group during the third quarter valued at $2,592,000. Kovitz Investment Group Partners LLC purchased a new position in Affiliated Managers Group during the third quarter valued at $543,000. Empirical Asset Management LLC lifted its position in Affiliated Managers Group by 10,522.8% during the fourth quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager's stock valued at $347,000 after buying an additional 188,568 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Affiliated Managers Group by 0.7% during the fourth 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. Finally, Victory Capital Management Inc. lifted its position in Affiliated Managers Group by 4.8% during the fourth quarter. Victory Capital Management Inc. now owns 118,627 shares of the asset manager's stock valued at $21,937,000 after buying an additional 5,436 shares during the period. Hedge funds and other institutional investors own 95.30% of the company's stock.

Remove Ads

Affiliated Managers Group Stock Down 0.6 %

Shares of AMG traded down $1.04 on Thursday, hitting $169.54. 248,052 shares of the stock traded hands, compared to its average volume of 229,556. Affiliated Managers Group, Inc. has a one year low of $147.13 and a one year high of $199.52. The company has a market capitalization of $4.96 billion, a PE ratio of 11.23, a P/E/G ratio of 0.57 and a beta of 1.18. The business has a 50 day simple moving average of $174.33 and a 200 day simple moving average of $180.17. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13.

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

Affiliated Managers Group Announces Dividend

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

Wall Street Analysts Forecast Growth

AMG has been the subject of several recent research reports. The Goldman Sachs Group lowered Affiliated Managers Group from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $193.00 to $191.00 in a research report on Monday, January 6th. Barrington Research raised their price objective 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 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, the company currently has an average rating of "Moderate Buy" and an average price target of $198.40.

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.