Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lessened its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 78.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,458 shares of the asset manager’s stock after selling 8,921 shares during the period. National Bank of Canada FI’s holdings in Affiliated Managers Group were worth $455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund boosted its stake in Affiliated Managers Group by 0.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,147 shares of the asset manager’s stock valued at $1,137,000 after acquiring an additional 55 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Affiliated Managers Group by 79.5% during 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 period. UMB Bank n.a. boosted its stake in shares of Affiliated Managers Group by 37.1% during the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock worth $47,000 after buying an additional 69 shares during the period. GAMMA Investing LLC boosted its stake in shares of Affiliated Managers Group by 11.8% during the fourth quarter. GAMMA Investing LLC now owns 888 shares of the asset manager’s stock worth $164,000 after buying an additional 94 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Affiliated Managers Group by 1.2% during the fourth quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the asset manager’s stock worth $1,553,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Trading Up 11.8 %

NYSE AMG opened at $160.30 on Thursday. The stock has a market capitalization of $4.69 billion, a P/E ratio of 10.62, a P/E/G ratio of 0.57 and a beta of 1.09. Affiliated Managers Group, Inc. has a 52-week low of $139.22 and a 52-week high of $199.52. The firm has a 50-day moving average price of $166.52 and a 200 day moving average price of $179.09. 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 (NYSE:AMG) last posted its quarterly earnings results 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%. Equities research analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

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

Wall Street Analyst Weigh In

AMG has been the subject of several recent research reports. Barrington Research decreased 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. 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 stock from $193.00 to $191.00 in a research note on Monday, January 6th. StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. 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 note on Thursday, April 3rd. Finally, TD Cowen decreased their target price on shares of Affiliated Managers Group from $187.00 to $168.00 and set a “hold” rating for the company in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average 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.