Amundi Sells 4,233 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Amundi trimmed its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 17.2% during the fourth quarter, Holdings Channel reports. The firm owned 20,324 shares of the asset manager’s stock after selling 4,233 shares during the quarter. Amundi’s holdings in Affiliated Managers Group were worth $3,674,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of AMG. Jones Financial Companies Lllp raised its holdings in shares of Affiliated Managers Group by 79.5% in the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 62 shares during the period. Private Trust Co. NA raised its holdings in shares of Affiliated Managers Group by 131.9% in the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock valued at $40,000 after purchasing an additional 124 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Affiliated Managers Group in the 3rd quarter valued at about $46,000. Prospera Private Wealth LLC bought a new position in Affiliated Managers Group in the 3rd quarter valued at about $47,000. Finally, UMB Bank n.a. raised its holdings in Affiliated Managers Group by 37.1% in the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock valued at $47,000 after acquiring an additional 69 shares during the period. 95.30% of the stock is owned by institutional investors.

Affiliated Managers Group Stock Performance

Shares of NYSE:AMG opened at $163.62 on Monday. The company’s 50 day moving average price is $175.20 and its two-hundred day moving average price is $180.35. Affiliated Managers Group, Inc. has a 12-month low of $147.13 and a 12-month high of $199.52. The firm has a market cap of $4.79 billion, a PE ratio of 10.84, a PEG ratio of 0.57 and a beta of 1.18. 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 announced its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors 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 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio is 0.26%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AMG shares. StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Barrington Research increased their price target on shares of 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 cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $193.00 to $191.00 in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $198.40.

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.