Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Oak Thistle LLC

Oak Thistle LLC decreased its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 12.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,741 shares of the asset manager’s stock after selling 375 shares during the period. Oak Thistle LLC’s holdings in Affiliated Managers Group were worth $507,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMG. Nordea Investment Management AB grew its holdings in shares of Affiliated Managers Group by 6.0% during the fourth quarter. Nordea Investment Management AB now owns 43,018 shares of the asset manager’s stock worth $8,009,000 after purchasing an additional 2,448 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Affiliated Managers Group by 11.8% in the 4th quarter. GAMMA Investing LLC now owns 888 shares of the asset manager’s stock valued at $164,000 after purchasing an additional 94 shares during the period. Franklin Resources Inc. grew its stake in Affiliated Managers Group by 18.3% during the 3rd quarter. Franklin Resources Inc. now owns 101,913 shares of the asset manager’s stock worth $19,363,000 after buying an additional 15,746 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Affiliated Managers Group during the third quarter worth approximately $46,000. Finally, World Investment Advisors LLC purchased a new stake in Affiliated Managers Group in the third quarter valued at approximately $2,592,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMG has been the topic of a number of recent research reports. The Goldman Sachs Group cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $193.00 to $191.00 in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a report on Monday, November 11th. TD Cowen lowered Affiliated Managers Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $226.00 to $177.00 in a report on Tuesday, November 5th. Finally, Barrington Research reduced their price objective on Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $195.40.

Affiliated Managers Group Stock Down 0.7 %

Shares of NYSE:AMG opened at $185.54 on Friday. Affiliated Managers Group, Inc. has a fifty-two week low of $146.16 and a fifty-two week high of $199.52. The firm’s 50-day simple moving average is $185.32 and its 200-day simple moving average is $178.59. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 0.60 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share for the quarter, missing analysts’ consensus estimates of $4.84 by ($0.02). Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The business had revenue of $525.20 million during the quarter, compared to analysts’ expectations of $521.87 million. During the same period in the prior year, the firm posted $4.08 EPS. Affiliated Managers Group’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, research analysts forecast that Affiliated Managers Group, Inc. will post 20.9 EPS for the current year.

Affiliated Managers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Thursday, November 14th. Affiliated Managers Group’s dividend payout ratio is presently 0.26%.

About Affiliated Managers Group

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.