Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 17.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,819 shares of the asset manager's stock after selling 3,250 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.05% of Affiliated Managers Group worth $2,925,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AMG. Boston Partners boosted its position in shares of Affiliated Managers Group by 46.1% in the 4th quarter. Boston Partners now owns 1,184,130 shares of the asset manager's stock worth $218,975,000 after buying an additional 373,696 shares in the last quarter. Channing Capital Management LLC raised its position in Affiliated Managers Group by 5.5% during the fourth quarter. Channing Capital Management LLC now owns 514,580 shares of the asset manager's stock worth $95,156,000 after acquiring an additional 26,654 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Affiliated Managers Group by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager's stock valued at $61,228,000 after purchasing an additional 2,264 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Affiliated Managers Group by 4.0% in the fourth quarter. New York State Common Retirement Fund now owns 192,524 shares of the asset manager's stock valued at $35,602,000 after purchasing an additional 7,377 shares during the last quarter. Finally, Empirical Asset Management LLC increased its stake in shares of Affiliated Managers Group by 10,522.8% during the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager's stock worth $347,000 after purchasing an additional 188,568 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have commented on the company. The Goldman Sachs Group cut Affiliated Managers Group from a "buy" rating to a "neutral" rating and lowered their target price for the company from $193.00 to $191.00 in a report on Monday, January 6th. Barrington Research boosted their price target 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, StockNews.com raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $198.40.

Affiliated Managers Group Trading Down 2.3 %

NYSE:AMG traded down $3.93 on Friday, hitting $166.80. 32,807 shares of the stock were exchanged, compared to its average volume of 236,780. The stock has a fifty day moving average of $173.05 and a 200-day moving average of $180.17. The stock has a market cap of $4.88 billion, a PE ratio of 11.05, a PEG ratio of 0.57 and a beta of 1.18. 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 current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its quarterly earnings data 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%. As a group, equities analysts expect that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors 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 payout ratio is currently 0.26%.

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.