Sei Investments Co. Sells 18,070 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Sei Investments Co. lowered its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 27.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,519 shares of the asset manager's stock after selling 18,070 shares during the quarter. Sei Investments Co. owned 0.16% of Affiliated Managers Group worth $8,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in Affiliated Managers Group by 79.5% during the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock worth $26,000 after acquiring an additional 62 shares during the last quarter. Private Trust Co. NA grew its stake in shares of Affiliated Managers Group by 131.9% in the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager's stock worth $40,000 after purchasing an additional 124 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Affiliated Managers Group in the third quarter valued at $46,000. UMB Bank n.a. raised 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 worth $47,000 after purchasing an additional 69 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its position in Affiliated Managers Group by 68.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 826 shares of the asset manager's stock worth $147,000 after purchasing an additional 336 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company's stock.

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Affiliated Managers Group Trading Up 0.9 %

Shares of NYSE:AMG traded up $1.53 during midday trading on Tuesday, reaching $169.56. The company's stock had a trading volume of 165,967 shares, compared to its average volume of 236,803. Affiliated Managers Group, Inc. has a fifty-two week low of $147.13 and a fifty-two 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. The firm has a 50 day moving average price of $172.27 and a two-hundred day moving average price of $180.41. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 0.57 and a beta of 1.18.

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

Affiliated Managers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group's dividend payout ratio is currently 0.26%.

Analyst Ratings Changes

A number of research firms have commented on AMG. StockNews.com upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Barrington Research upped their target price on Affiliated Managers Group from $200.00 to $215.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Finally, The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and decreased their target price for the company from $193.00 to $191.00 in a research report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Affiliated Managers Group currently has a consensus rating of "Moderate Buy" and an average target price of $198.40.

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.