Healthcare of Ontario Pension Plan Trust Fund Sells 24,700 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 95.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,300 shares of the asset manager's stock after selling 24,700 shares during the period. Healthcare of Ontario Pension Plan Trust Fund's holdings in Affiliated Managers Group were worth $231,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Altshuler Shaham Ltd purchased a new position in shares of Affiliated Managers Group in the 2nd quarter valued at approximately $28,000. Ashton Thomas Securities LLC bought a new position in shares of Affiliated Managers Group during the third quarter valued at approximately $30,000. UMB Bank n.a. lifted its holdings in shares of Affiliated Managers Group by 481.3% during the third quarter. UMB Bank n.a. now owns 186 shares of the asset manager's stock valued at $33,000 after purchasing an additional 154 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Affiliated Managers Group in the 2nd quarter worth approximately $47,000. Finally, Prospera Private Wealth LLC purchased a new stake in shares of Affiliated Managers Group in the 3rd quarter worth approximately $47,000. 95.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on AMG. Barrington Research dropped their target price on Affiliated Managers Group from $210.00 to $200.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. TD Cowen cut Affiliated Managers Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $226.00 to $177.00 in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Affiliated Managers Group presently has a consensus rating of "Hold" and a consensus target price of $196.50.

Affiliated Managers Group Trading Down 0.4 %

AMG traded down $0.80 on Tuesday, hitting $184.61. 142,873 shares of the company's stock traded hands, compared to its average volume of 236,016. The company's 50 day simple moving average is $186.12 and its 200-day simple moving average is $172.49. Affiliated Managers Group, Inc. has a one year low of $135.22 and a one year high of $199.52. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 0.69 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.84 by ($0.02). Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The company had revenue of $525.20 million for the quarter, compared to the consensus estimate of $521.87 million. During the same quarter in the previous year, the business earned $4.08 EPS. The company's quarterly revenue was up 1.7% on a year-over-year basis. As a group, equities analysts anticipate that Affiliated Managers Group, Inc. will post 20.91 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group's dividend payout ratio (DPR) is 0.26%.

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.