Geode Capital Management LLC Sells 4,539 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Geode Capital Management LLC cut its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 521,502 shares of the asset manager's stock after selling 4,539 shares during the quarter. Geode Capital Management LLC owned approximately 1.73% of Affiliated Managers Group worth $96,466,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AMG. World Investment Advisors LLC acquired a new position in shares of Affiliated Managers Group during the 3rd quarter valued at $2,592,000. Charles Schwab Investment Management Inc. grew its stake in shares of Affiliated Managers Group by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager's stock valued at $61,228,000 after buying an additional 2,264 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in Affiliated Managers Group in the 3rd quarter valued at about $543,000. Empirical Asset Management LLC raised its stake in shares of Affiliated Managers Group by 10,522.8% in the fourth quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager's stock worth $347,000 after purchasing an additional 188,568 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Affiliated Managers Group by 4.8% in the 4th quarter. Victory Capital Management Inc. now owns 118,627 shares of the asset manager's stock worth $21,937,000 after buying an additional 5,436 shares during the last quarter. Institutional investors own 95.30% of the company's stock.

Analyst Ratings Changes

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

Affiliated Managers Group Trading Down 1.0 %

Shares of NYSE:AMG traded down $1.62 during trading on Wednesday, reaching $157.09. 25,693 shares of the company traded hands, compared to its average volume of 236,929. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 10.38, a P/E/G ratio of 0.57 and a beta of 1.09. 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's fifty day moving average is $164.48 and its 200-day moving average is $178.55. Affiliated Managers Group, Inc. has a 52-week low of $139.22 and a 52-week high of $199.52.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its 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%. As a group, analysts forecast that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given 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 currently 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.