Russell Investments Group Ltd. Decreases Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Russell Investments Group Ltd. lowered its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 22.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,204 shares of the asset manager's stock after selling 16,624 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.19% of Affiliated Managers Group worth $10,393,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position 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 last quarter. Private Trust Co. NA increased its holdings in Affiliated Managers Group by 131.9% in the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager's stock worth $40,000 after acquiring an additional 124 shares during the last quarter. UMB Bank n.a. raised its stake in Affiliated Managers Group by 37.1% in 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 during the period. Wilmington Savings Fund Society FSB purchased a new stake in Affiliated Managers Group during the third quarter valued at about $46,000. Finally, New Age Alpha Advisors LLC bought a new position in Affiliated Managers Group during the fourth quarter worth about $70,000. Hedge funds and other institutional investors own 95.30% of the company's stock.

Affiliated Managers Group Price Performance

NYSE AMG traded up $1.15 during trading on Thursday, reaching $156.75. The company's stock had a trading volume of 33,931 shares, compared to its average volume of 236,658. The firm has a fifty day moving average of $164.03 and a 200 day moving average of $178.40. Affiliated Managers Group, Inc. has a one year low of $139.22 and a one year high of $199.52. The stock has a market capitalization of $4.59 billion, a PE ratio of 10.39, a P/E/G ratio of 0.57 and a beta of 1.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13.

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 for the quarter, beating 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%. Analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.01 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. Affiliated Managers Group's dividend payout ratio is presently 0.26%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMG. Barrington Research dropped their price target on shares of Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group lowered Affiliated Managers Group from a "buy" rating to a "neutral" rating and cut their price target for the stock from $193.00 to $191.00 in a report on Monday, January 6th. StockNews.com upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Bank of America cut their target price on Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, TD Cowen decreased their price target on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $192.40.

Affiliated Managers Group Company 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.