Assenagon Asset Management S.A. Cuts Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Assenagon Asset Management S.A. lowered its holdings in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 34.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,386 shares of the asset manager's stock after selling 27,565 shares during the period. Assenagon Asset Management S.A. owned about 0.17% of Affiliated Managers Group worth $9,687,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Ariel Investments LLC boosted its holdings in shares of Affiliated Managers Group by 8.7% in the second quarter. Ariel Investments LLC now owns 1,442,817 shares of the asset manager's stock valued at $225,411,000 after acquiring an additional 115,808 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Affiliated Managers Group by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 826,123 shares of the asset manager's stock valued at $129,065,000 after purchasing an additional 30,059 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Affiliated Managers Group by 6.7% during the 3rd quarter. New York State Common Retirement Fund now owns 185,147 shares of the asset manager's stock valued at $32,919,000 after purchasing an additional 11,565 shares during the period. Basswood Capital Management L.L.C. raised its stake in shares of Affiliated Managers Group by 22.7% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 131,981 shares of the asset manager's stock worth $23,466,000 after buying an additional 24,379 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Affiliated Managers Group by 13.9% in the third quarter. Victory Capital Management Inc. now owns 113,191 shares of the asset manager's stock valued at $20,125,000 after buying an additional 13,784 shares during the period. 95.30% of the stock is owned by institutional investors.

Affiliated Managers Group Stock Performance

Affiliated Managers Group stock traded up $1.54 during midday trading on Friday, reaching $187.21. 148,378 shares of the company's stock were exchanged, compared to its average volume of 198,213. The stock's 50-day simple moving average is $185.37 and its 200 day simple moving average is $178.96. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 0.60 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.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.84 by ($0.02). Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. The firm had revenue of $525.20 million for the quarter, compared to the consensus estimate of $521.87 million. During the same quarter in the prior year, the firm earned $4.08 EPS. The company's revenue was up 1.7% on a year-over-year basis. Research analysts forecast that Affiliated Managers Group, Inc. will post 20.9 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were issued a $0.01 dividend. The ex-dividend date was Thursday, November 14th. 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 currently 0.26%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMG. Deutsche Bank Aktiengesellschaft raised their target price on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Barrington Research lowered their target price on Affiliated Managers Group from $210.00 to $200.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. TD Cowen downgraded shares of Affiliated Managers Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $226.00 to $177.00 in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group downgraded shares of 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. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $195.40.

Affiliated Managers Group Company 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.