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

Securian Asset Management Inc. lowered its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,218 shares of the asset manager’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in Affiliated Managers Group were worth $410,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMG. Channing Capital Management LLC raised its stake in Affiliated Managers Group by 5.5% in the 4th quarter. Channing Capital Management LLC now owns 514,580 shares of the asset manager’s stock valued at $95,156,000 after purchasing an additional 26,654 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Affiliated Managers Group by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager’s stock worth $61,228,000 after buying an additional 2,264 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Affiliated Managers Group by 4.0% in the fourth quarter. New York State Common Retirement Fund now owns 192,524 shares of the asset manager’s stock valued at $35,602,000 after buying an additional 7,377 shares during the last quarter. Empirical Asset Management LLC raised its position in shares of Affiliated Managers Group by 10,522.8% in the fourth quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock valued at $347,000 after buying an additional 188,568 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of Affiliated Managers Group by 84.3% in the fourth quarter. Fisher Asset Management LLC now owns 156,210 shares of the asset manager’s stock worth $28,886,000 after buying an additional 71,458 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Trading Up 1.3 %

AMG opened at $165.32 on Tuesday. The stock has a market capitalization of $4.84 billion, a PE ratio of 10.95, a P/E/G ratio of 0.57 and a beta of 1.18. Affiliated Managers Group, Inc. has a one year low of $147.13 and a one year high of $199.52. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13. The business’s 50 day moving average price is $174.82 and its 200 day moving average price is $180.30.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS 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%. As a group, 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. Shareholders of record on Tuesday, February 18th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio is presently 0.26%.

Analysts Set New Price Targets

A number of analysts have commented on AMG shares. StockNews.com upgraded 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 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 lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus 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.