Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by River Global Investors LLP

River Global Investors LLP decreased its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 12.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,372 shares of the asset manager’s stock after selling 1,286 shares during the period. River Global Investors LLP’s holdings in Affiliated Managers Group were worth $1,421,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Morgan Stanley grew its holdings in Affiliated Managers Group by 1.7% during the third quarter. Morgan Stanley now owns 2,474,577 shares of the asset manager’s stock worth $322,537,000 after acquiring an additional 41,120 shares during the period. Ariel Investments LLC lifted its holdings in Affiliated Managers Group by 11.3% in the third quarter. Ariel Investments LLC now owns 1,188,146 shares of the asset manager’s stock valued at $154,863,000 after acquiring an additional 120,977 shares during the period. LGT Capital Partners LTD. boosted its position in shares of Affiliated Managers Group by 28.3% during the 4th quarter. LGT Capital Partners LTD. now owns 393,330 shares of the asset manager’s stock worth $59,558,000 after purchasing an additional 86,670 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Affiliated Managers Group by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 347,027 shares of the asset manager’s stock worth $45,231,000 after purchasing an additional 2,824 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Affiliated Managers Group by 65.7% in the 3rd quarter. Invesco Ltd. now owns 263,664 shares of the asset manager’s stock valued at $34,366,000 after purchasing an additional 104,507 shares in the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Affiliated Managers Group Stock Performance

AMG stock traded down $0.30 during midday trading on Friday, hitting $160.35. 341,524 shares of the stock were exchanged, compared to its average volume of 258,542. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.56 and a beta of 1.31. Affiliated Managers Group, Inc. has a fifty-two week low of $120.22 and a fifty-two week high of $169.65. The stock’s 50-day moving average price is $161.52 and its 200-day moving average price is $149.40.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Monday, February 5th. The asset manager reported $6.86 EPS for the quarter, topping the consensus estimate of $6.03 by $0.83. The business had revenue of $502.70 million for the quarter, compared to analyst estimates of $524.98 million. Affiliated Managers Group had a net margin of 32.71% and a return on equity of 16.29%. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.28 EPS. Research analysts anticipate that Affiliated Managers Group, Inc. will post 22.03 EPS for the current year.

Affiliated Managers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were given a $0.01 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio is presently 0.23%.

Wall Street Analyst Weigh In

Separately, Barrington Research raised their price objective on shares of Affiliated Managers Group from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Tuesday, April 9th.

Affiliated Managers Group 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.