Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 10.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,990 shares of the asset manager's stock after selling 7,983 shares during the quarter. California Public Employees Retirement System owned about 0.22% of Affiliated Managers Group worth $12,573,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMG. Oregon Public Employees Retirement Fund boosted its holdings in shares of Affiliated Managers Group by 0.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,147 shares of the asset manager's stock valued at $1,137,000 after purchasing an additional 55 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Affiliated Managers Group by 79.5% in the fourth 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 during the period. UMB Bank n.a. lifted its holdings in Affiliated Managers Group by 37.1% during the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager's stock worth $47,000 after buying an additional 69 shares during the period. GAMMA Investing LLC lifted its holdings in Affiliated Managers Group by 11.8% during the fourth quarter. GAMMA Investing LLC now owns 888 shares of the asset manager's stock worth $164,000 after buying an additional 94 shares during the period. Finally, Louisiana State Employees Retirement System lifted its holdings in 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 during the period. Hedge funds and other institutional investors own 95.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. The Goldman Sachs Group downgraded Affiliated Managers Group from a "buy" rating to a "neutral" rating and cut their target price for the company from $193.00 to $191.00 in a research report on Monday, January 6th. Barrington Research cut their price target on Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating on the stock in a research report on Tuesday. Bank of America cut their price target on Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. TD Cowen cut their price target on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a research report on Wednesday. Finally, StockNews.com raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Affiliated Managers Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $192.40.

Affiliated Managers Group Price Performance

Shares of AMG stock traded down $7.83 during mid-day trading on Thursday, hitting $152.01. 58,975 shares of the stock were exchanged, compared to its average volume of 237,196. The company has a market cap of $4.45 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. Affiliated Managers Group, Inc. has a 52-week low of $139.22 and a 52-week high of $199.52. The firm has a fifty day moving average of $166.52 and a 200 day moving average of $179.09. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61.

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

Affiliated Managers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Tuesday, February 18th. Affiliated Managers Group's dividend payout ratio (DPR) is 0.26%.

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.