Kathmere Capital Management LLC Sells 2,467 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Kathmere Capital Management LLC lessened its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 41.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,535 shares of the asset manager's stock after selling 2,467 shares during the period. Kathmere Capital Management LLC's holdings in Affiliated Managers Group were worth $654,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AMG. Nordea Investment Management AB raised its position in shares of Affiliated Managers Group by 6.0% in the 4th quarter. Nordea Investment Management AB now owns 43,018 shares of the asset manager's stock worth $8,009,000 after acquiring an additional 2,448 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Affiliated Managers Group by 11.8% during the 4th quarter. GAMMA Investing LLC now owns 888 shares of the asset manager's stock valued at $164,000 after purchasing an additional 94 shares in the last quarter. Franklin Resources Inc. grew its stake in Affiliated Managers Group by 18.3% during the third quarter. Franklin Resources Inc. now owns 101,913 shares of the asset manager's stock worth $19,363,000 after purchasing an additional 15,746 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Affiliated Managers Group in the third quarter worth approximately $46,000. Finally, World Investment Advisors LLC acquired a new position in Affiliated Managers Group in the third quarter valued at approximately $2,592,000. Institutional investors and hedge funds own 95.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AMG shares. TD Cowen downgraded shares of Affiliated Managers Group from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $226.00 to $177.00 in a research report on Tuesday, November 5th. Barrington Research reduced their price target on shares of Affiliated Managers Group from $210.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Finally, The Goldman Sachs Group cut shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Affiliated Managers Group currently has a consensus rating of "Hold" and a consensus price target of $195.40.

Affiliated Managers Group Stock Down 0.7 %

AMG traded down $1.34 during trading on Thursday, hitting $185.54. 133,869 shares of the company's stock were exchanged, compared to its average volume of 213,727. Affiliated Managers Group, Inc. has a fifty-two week low of $146.16 and a fifty-two week high of $199.52. The stock has a market cap of $5.61 billion, a P/E ratio of 12.10, a PEG ratio of 0.60 and a beta of 1.15. The business's 50 day moving average is $185.28 and its two-hundred day moving average is $178.55.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its earnings results on Monday, November 4th. The asset manager reported $4.82 earnings per share for the quarter, missing analysts' consensus estimates of $4.84 by ($0.02). The business had revenue of $525.20 million during the quarter, compared to analyst estimates of $521.87 million. Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. The company's revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.08 EPS. On average, sell-side analysts forecast that Affiliated Managers Group, Inc. will post 20.9 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group's payout ratio 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.