Wellington Management Group LLP Reduces Stock Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Wellington Management Group LLP decreased its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 44.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,659 shares of the asset manager's stock after selling 6,137 shares during the period. Wellington Management Group LLP's holdings in Affiliated Managers Group were worth $1,416,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AMG. Jones Financial Companies Lllp grew its stake in shares of 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 period. Private Trust Co. NA increased 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 in the last quarter. UMB Bank n.a. raised its position in shares of Affiliated Managers Group by 37.1% in the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager's stock valued at $47,000 after purchasing an additional 69 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Affiliated Managers Group during the 3rd quarter valued at approximately $46,000. Finally, New Age Alpha Advisors LLC bought a new position in Affiliated Managers Group in the 4th quarter worth approximately $70,000. 95.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AMG shares. The Goldman Sachs Group cut Affiliated Managers Group from a "buy" rating to a "neutral" rating and reduced their price target for the company 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 report on Friday, February 7th. Bank of America reduced their price objective on shares of 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. Barrington Research cut their price target on shares of Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Finally, TD Cowen decreased their price target 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, April 9th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $192.40.

Affiliated Managers Group Price Performance

Shares of NYSE AMG traded up $1.24 during mid-day trading on Thursday, reaching $156.84. 113,790 shares of the company were exchanged, compared to its average volume of 234,743. The stock has a market capitalization of $4.59 billion, a PE ratio of 10.39, a PEG ratio of 0.57 and a beta of 1.09. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. Affiliated Managers Group, Inc. has a 52 week low of $139.22 and a 52 week high of $199.52. The company's 50 day moving average price is $164.03 and its 200 day moving average price is $178.40.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly earnings data 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 return on equity of 16.17% and a net margin of 25.06%. Sell-side analysts forecast that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The firm 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. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Tuesday, February 18th. Affiliated Managers Group's dividend 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.