Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. cut its stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 19.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,543 shares of the asset manager's stock after selling 19,370 shares during the quarter. Franklin Resources Inc. owned about 0.27% of Affiliated Managers Group worth $15,264,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its stake in 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 last quarter. Private Trust Co. NA boosted its holdings in shares of Affiliated Managers Group by 131.9% in the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager's stock valued at $40,000 after buying an additional 124 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Affiliated Managers Group in the 3rd quarter worth approximately $46,000. UMB Bank n.a. grew its position in shares of Affiliated Managers Group by 37.1% in the 4th 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 last quarter. Finally, New Age Alpha Advisors LLC bought a new position in shares of Affiliated Managers Group during the 4th quarter worth approximately $70,000. 95.30% of the stock is owned by institutional investors.

Affiliated Managers Group Stock Performance

AMG traded up $4.51 on Friday, reaching $158.04. 227,718 shares of the stock were exchanged, compared to its average volume of 238,301. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. The company's 50-day moving average price is $165.44 and its 200 day moving average price is $178.80. The firm has a market capitalization of $4.62 billion, a PE ratio of 10.47, a PEG ratio of 0.57 and a beta of 1.09. Affiliated Managers Group, Inc. has a fifty-two week low of $139.22 and a fifty-two week high of $199.52.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, topping analysts' consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. As a group, sell-side analysts forecast that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.01 dividend. The ex-dividend date of this dividend 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 currently 0.26%.

Analyst Ratings Changes

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

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.