Illinois Municipal Retirement Fund Sells 4,167 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Illinois Municipal Retirement Fund decreased its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 24.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,840 shares of the asset manager's stock after selling 4,167 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Affiliated Managers Group were worth $2,374,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. World Investment Advisors LLC bought a new position in Affiliated Managers Group during the third quarter worth about $2,592,000. Asset Management One Co. Ltd. boosted its holdings in Affiliated Managers Group by 94.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 10,594 shares of the asset manager's stock worth $1,884,000 after buying an additional 5,142 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in Affiliated Managers Group in the 3rd quarter valued at approximately $543,000. Empirical Asset Management LLC raised its holdings in Affiliated Managers Group by 10,522.8% during the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager's stock valued at $347,000 after acquiring an additional 188,568 shares during the period. Finally, Weiss Asset Management LP bought a new stake in Affiliated Managers Group during the 3rd quarter valued at $2,130,000. Hedge funds and other institutional investors own 95.30% of the company's stock.

Affiliated Managers Group Price Performance

Shares of NYSE AMG traded down $3.84 during midday trading on Monday, hitting $167.01. 232,682 shares of the company's stock were exchanged, compared to its average volume of 224,213. 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 price is $180.26 and its two-hundred day moving average price is $181.12. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 0.57 and a beta of 1.15. Affiliated Managers Group, Inc. has a 12-month low of $147.13 and a 12-month high of $199.52.

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Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its quarterly 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 net margin of 25.06% and a return on equity of 16.17%. As a group, research analysts forecast that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. Affiliated Managers Group's payout ratio is 0.26%.

Analysts Set New Price Targets

AMG has been the subject of several recent research reports. The Goldman Sachs Group cut Affiliated Managers Group from a "buy" rating to a "neutral" rating and reduced their price target for the company from $193.00 to $191.00 in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft lifted their target price on Affiliated Managers Group from $204.00 to $208.00 and gave the company a "buy" rating in a report on Monday, November 11th. Barrington Research increased their price target on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. StockNews.com raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Finally, TD Cowen cut shares of Affiliated Managers Group from a "buy" rating to a "hold" rating and lowered their target price for the stock from $226.00 to $177.00 in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $198.40.

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.