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

Signaturefd LLC lessened its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 19.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 733 shares of the asset manager’s stock after selling 182 shares during the quarter. Signaturefd LLC’s holdings in Affiliated Managers Group were worth $136,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Empirical Asset Management LLC lifted its holdings in shares of Affiliated Managers Group by 10,522.8% in the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock worth $347,000 after purchasing an additional 188,568 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Affiliated Managers Group in the fourth quarter worth $28,818,000. Goodman Financial Corp bought a new stake in Affiliated Managers Group in the third quarter valued at $14,035,000. Fisher Asset Management LLC boosted its holdings in shares of Affiliated Managers Group by 84.3% during the fourth quarter. Fisher Asset Management LLC now owns 156,210 shares of the asset manager’s stock valued at $28,886,000 after acquiring an additional 71,458 shares during the period. Finally, Wealthfront Advisers LLC bought a new position in shares of Affiliated Managers Group during the fourth quarter worth about $13,135,000. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Down 0.8 %

AMG stock opened at $168.02 on Monday. The firm’s 50-day moving average is $173.93 and its two-hundred day moving average is $180.20. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. Affiliated Managers Group, Inc. has a 52 week low of $147.13 and a 52 week high of $199.52. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, topping analysts’ consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. On average, analysts forecast that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th 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 was Tuesday, February 18th. Affiliated Managers Group’s payout ratio is currently 0.26%.

Wall Street Analyst Weigh In

AMG has been the topic of several recent research reports. Barrington Research lifted their price objective on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $193.00 to $191.00 in a report on Monday, January 6th. Finally, StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $198.40.

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.