Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P trimmed its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 41.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,684 shares of the asset manager’s stock after selling 12,306 shares during the period. Martingale Asset Management L P’s holdings in Affiliated Managers Group were worth $3,270,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. lifted its position in shares of Affiliated Managers Group by 3.7% during the fourth quarter. Invesco Ltd. now owns 267,786 shares of the asset manager’s stock worth $49,519,000 after purchasing an additional 9,625 shares in the last quarter. Federated Hermes Inc. raised its holdings in Affiliated Managers Group by 2.5% in the fourth quarter. Federated Hermes Inc. now owns 4,858 shares of the asset manager’s stock valued at $898,000 after acquiring an additional 119 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in Affiliated Managers Group by 2.3% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 24,222 shares of the asset manager’s stock valued at $4,479,000 after acquiring an additional 547 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Affiliated Managers Group by 0.6% in the fourth quarter. Wells Fargo & Company MN now owns 62,620 shares of the asset manager’s stock valued at $11,580,000 after acquiring an additional 397 shares in the last quarter. Finally, Foundry Partners LLC raised its holdings in Affiliated Managers Group by 3.4% in the fourth quarter. Foundry Partners LLC now owns 3,910 shares of the asset manager’s stock valued at $723,000 after acquiring an additional 129 shares in the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on AMG. Barrington Research lowered their target price on shares of Affiliated Managers Group from $215.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday. TD Cowen lowered their price target on shares of Affiliated Managers Group from $187.00 to $168.00 and set a “hold” rating for the company in a research report on Wednesday. The Goldman Sachs Group lowered shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. Bank of America decreased their target price on shares of Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Finally, StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on 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 Trading Up 11.8 %

Shares of AMG stock opened at $160.30 on Thursday. Affiliated Managers Group, Inc. has a 12 month low of $139.22 and a 12 month high of $199.52. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $166.52 and its two-hundred day moving average is $179.09. The company has a market cap of $4.69 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 earnings per share 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%. Equities analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current 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 given a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.04 annualized dividend and a yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) 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.