Asset Management One Co. Ltd. Has $486,000 Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Asset Management One Co. Ltd. reduced its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 75.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,588 shares of the asset manager's stock after selling 8,006 shares during the period. Asset Management One Co. Ltd.'s holdings in Affiliated Managers Group were worth $486,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Affiliated Managers Group by 43.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,133 shares of the asset manager's stock worth $212,000 after acquiring an additional 344 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Affiliated Managers Group by 1.2% during the fourth quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the asset manager's stock worth $1,553,000 after buying an additional 100 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Affiliated Managers Group in the fourth quarter worth $2,136,000. Retirement Systems of Alabama boosted its holdings in Affiliated Managers Group by 0.5% in the fourth quarter. Retirement Systems of Alabama now owns 99,237 shares of the asset manager's stock worth $18,351,000 after purchasing an additional 535 shares during the period. Finally, Moody Aldrich Partners LLC acquired a new position in shares of Affiliated Managers Group during the fourth quarter valued at $2,025,000. 95.30% of the stock is owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Down 1.3 %

Shares of NYSE AMG traded down $2.23 during trading hours on Friday, hitting $166.04. The stock had a trading volume of 196,691 shares, compared to its average volume of 198,012. The firm's 50-day moving average price is $182.23 and its two-hundred day moving average price is $180.73. Affiliated Managers Group, Inc. has a 52 week low of $147.13 and a 52 week high of $199.52. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.45 and a current ratio of 2.13. The company has a market capitalization of $4.86 billion, a P/E ratio of 11.00, a P/E/G ratio of 0.60 and a beta of 1.15.

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 for the quarter, topping the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. Analysts anticipate that Affiliated Managers Group, Inc. will post 22.85 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.01 per share. The ex-dividend date is 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%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AMG shares. Barrington Research lifted their price objective on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. 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. StockNews.com raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft boosted their price target on Affiliated Managers Group from $204.00 to $208.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Finally, TD Cowen cut Affiliated Managers Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $226.00 to $177.00 in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $198.40.

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.