Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 38.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,131 shares of the asset manager's stock after selling 6,212 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Affiliated Managers Group were worth $1,873,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its holdings in Affiliated Managers Group by 37.1% during the 3rd quarter. Cerity Partners LLC now owns 10,233 shares of the asset manager's stock valued at $1,820,000 after acquiring an additional 2,767 shares during the period. Townsquare Capital LLC acquired a new stake in shares of Affiliated Managers Group during the third quarter worth about $218,000. Glenmede Trust Co. NA boosted its stake in shares of Affiliated Managers Group by 42.1% in the third quarter. Glenmede Trust Co. NA now owns 2,149 shares of the asset manager's stock valued at $382,000 after purchasing an additional 637 shares during the period. Captrust Financial Advisors grew its holdings in shares of Affiliated Managers Group by 91.4% in the third quarter. Captrust Financial Advisors now owns 3,713 shares of the asset manager's stock valued at $660,000 after purchasing an additional 1,773 shares in the last quarter. Finally, Verition Fund Management LLC increased its stake in Affiliated Managers Group by 240.1% during the 3rd quarter. Verition Fund Management LLC now owns 6,289 shares of the asset manager's stock worth $1,118,000 after buying an additional 4,440 shares during the period. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMG has been the subject of several research reports. StockNews.com upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. The Goldman Sachs Group cut Affiliated Managers Group from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. Barrington Research upped their price target on Affiliated Managers Group from $200.00 to $215.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Finally, Bank of America decreased their price objective on Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $197.20.

Affiliated Managers Group Stock Down 6.0 %

Shares of NYSE AMG traded down $9.56 during mid-day trading on Friday, reaching $148.52. The company had a trading volume of 319,644 shares, compared to its average volume of 236,641. The firm has a 50 day simple moving average of $170.28 and a two-hundred day simple moving average of $180.09. Affiliated Managers Group, Inc. has a 52-week low of $146.61 and a 52-week high of $199.52. 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 stock has a market cap of $4.35 billion, a P/E ratio of 9.84, a PEG ratio of 0.57 and a beta of 1.09.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. Sell-side analysts predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Tuesday, February 18th. Affiliated Managers Group's payout ratio is currently 0.26%.

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.