Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by LGT Capital Partners LTD.

LGT Capital Partners LTD. trimmed its stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 13.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 274,018 shares of the asset manager's stock after selling 43,912 shares during the quarter. Affiliated Managers Group comprises 1.9% of LGT Capital Partners LTD.'s portfolio, making the stock its 19th largest position. LGT Capital Partners LTD. owned about 0.91% of Affiliated Managers Group worth $50,671,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMG. Edgestream Partners L.P. raised its holdings in shares of Affiliated Managers Group by 18.9% in the 4th quarter. Edgestream Partners L.P. now owns 5,510 shares of the asset manager's stock worth $1,019,000 after purchasing an additional 876 shares during the period. Callan Family Office LLC acquired a new stake in Affiliated Managers Group during the 4th quarter worth approximately $239,000. Raymond James Financial Inc. purchased a new position in Affiliated Managers Group in the fourth quarter valued at approximately $28,818,000. Proficio Capital Partners LLC purchased a new position in Affiliated Managers Group in the fourth quarter valued at approximately $4,377,000. Finally, Assetmark Inc. lifted its position in Affiliated Managers Group by 0.7% during the fourth quarter. Assetmark Inc. now owns 28,717 shares of the asset manager's stock valued at $5,310,000 after buying an additional 209 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company's stock.

Affiliated Managers Group Stock Up 3.8 %

AMG stock traded up $5.83 during midday trading on Tuesday, hitting $160.48. 390,576 shares of the company's stock were exchanged, compared to its average volume of 228,564. The firm has a 50 day moving average price of $177.82 and a 200-day moving average price of $180.81. Affiliated Managers Group, Inc. has a 12-month low of $147.13 and a 12-month high of $199.52. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61.

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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 earnings per share 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%. On average, analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group's payout ratio is 0.26%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMG. StockNews.com raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised their price objective on Affiliated Managers Group from $204.00 to $208.00 and gave the company a "buy" rating in a research report on Monday, November 11th. The Goldman Sachs Group downgraded Affiliated Managers Group from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. Finally, Barrington Research upped their target price on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Affiliated Managers Group currently has a consensus rating of "Moderate Buy" and an average target price of $198.40.

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.