Lyrical Asset Management LP Decreases Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Lyrical Asset Management LP lowered its stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 618,158 shares of the asset manager's stock after selling 7,090 shares during the period. Affiliated Managers Group accounts for approximately 1.7% of Lyrical Asset Management LP's holdings, making the stock its 28th biggest holding. Lyrical Asset Management LP owned 2.04% of Affiliated Managers Group worth $114,310,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AMG. Oregon Public Employees Retirement Fund boosted its stake in shares of Affiliated Managers Group by 0.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,147 shares of the asset manager's stock valued at $1,137,000 after purchasing an additional 55 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Affiliated Managers Group by 79.5% in the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock worth $26,000 after buying an additional 62 shares during the period. UMB Bank n.a. boosted its position in Affiliated Managers Group by 37.1% during the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager's stock valued at $47,000 after acquiring an additional 69 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 worth $164,000 after acquiring an additional 94 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of Affiliated Managers Group by 1.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the asset manager's stock worth $1,553,000 after acquiring an additional 100 shares in the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Affiliated Managers Group Stock Up 1.6 %

Shares of AMG traded up $2.39 during trading hours on Friday, hitting $155.92. The company had a trading volume of 85,611 shares, compared to its average volume of 237,568. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 10.30, a P/E/G ratio of 0.57 and a beta of 1.09. The firm has a fifty day moving average price of $165.92 and a 200-day moving average price of $178.92. Affiliated Managers Group, Inc. has a 52-week low of $139.22 and a 52-week high of $199.52. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities 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 disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. Affiliated Managers Group's payout ratio is currently 0.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AMG shares. Bank of America dropped their price target on Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. TD Cowen dropped their target price 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. The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. StockNews.com raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Finally, Barrington Research cut their price objective on shares of Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating on the stock in a report on Tuesday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $192.40.

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.