ExodusPoint Capital Management LP Lowers Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

ExodusPoint Capital Management LP trimmed its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 52.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,616 shares of the asset manager's stock after selling 14,115 shares during the quarter. ExodusPoint Capital Management LP's holdings in Affiliated Managers Group were worth $2,333,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Captrust Financial Advisors boosted its stake in shares of Affiliated Managers Group by 91.4% in the third quarter. Captrust Financial Advisors now owns 3,713 shares of the asset manager's stock valued at $660,000 after purchasing an additional 1,773 shares during the period. Quantinno Capital Management LP boosted its position in Affiliated Managers Group by 108.7% in the 3rd quarter. Quantinno Capital Management LP now owns 12,066 shares of the asset manager's stock valued at $2,145,000 after buying an additional 6,284 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in shares of Affiliated Managers Group in the third quarter worth $543,000. EP Wealth Advisors LLC purchased a new stake in shares of Affiliated Managers Group during the third quarter worth $260,000. Finally, National Bank of Canada FI raised its stake in shares of Affiliated Managers Group by 260.4% in the third quarter. National Bank of Canada FI now owns 11,379 shares of the asset manager's stock valued at $2,023,000 after acquiring an additional 8,222 shares in the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. StockNews.com raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Bank of America lowered 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. The Goldman Sachs Group cut shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and reduced their target price for the company from $193.00 to $191.00 in a report on Monday, January 6th. TD Cowen decreased their price target on shares of Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating for the company in a research note on Wednesday. Finally, Barrington Research dropped their price objective on shares of Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating on the stock in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Affiliated Managers Group presently has an average rating of "Moderate Buy" and a consensus price target of $192.40.

Affiliated Managers Group Stock Up 2.9 %

AMG stock traded up $4.51 during trading on Friday, hitting $158.04. 227,718 shares of the company's stock were exchanged, compared to its average volume of 238,301. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 10.47, a PEG 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 current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. The business has a 50-day moving average price of $165.44 and a two-hundred day moving average price of $178.80.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. As a group, equities research analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Tuesday, February 18th. Affiliated Managers Group's payout ratio is currently 0.26%.

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.