CenterBook Partners LP Sells 1,854 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

CenterBook Partners LP lessened its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 24.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,669 shares of the asset manager's stock after selling 1,854 shares during the quarter. CenterBook Partners LP's holdings in Affiliated Managers Group were worth $1,048,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Oregon Public Employees Retirement Fund grew its holdings in Affiliated Managers Group by 0.9% during 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 last quarter. Jones Financial Companies Lllp raised its holdings in 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 period. UMB Bank n.a. lifted its position in Affiliated Managers Group by 37.1% during the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager's stock worth $47,000 after acquiring an additional 69 shares during the last quarter. GAMMA Investing LLC boosted 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 valued at $164,000 after acquiring an additional 94 shares during the period. Finally, Louisiana State Employees Retirement System boosted 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 valued at $1,553,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 95.30% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on AMG shares. TD Cowen decreased their target price on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Bank of America reduced their price objective on Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. StockNews.com upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Barrington Research reduced their price target on shares of Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $193.00 to $191.00 in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $192.40.

Affiliated Managers Group Trading Up 1.1 %

Shares of AMG traded up $1.77 during trading hours on Thursday, reaching $157.37. The stock had a trading volume of 66,764 shares, compared to its average volume of 236,777. The company has a market cap of $4.60 billion, a P/E ratio of 10.40, a P/E/G 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 company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average of $164.03 and a 200 day moving average of $178.40.

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

Affiliated Managers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.01 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. Affiliated Managers Group's payout ratio 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.