Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Bruni J V & Co. Co.

Bruni J V & Co. Co. trimmed its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 302,895 shares of the asset manager’s stock after selling 4,516 shares during the quarter. Affiliated Managers Group makes up about 6.0% of Bruni J V & Co. Co.’s investment portfolio, making the stock its 5th biggest position. Bruni J V & Co. Co. owned 1.02% of Affiliated Managers Group worth $53,855,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Altshuler Shaham Ltd acquired a new stake in Affiliated Managers Group during the 2nd quarter valued at $28,000. Ashton Thomas Securities LLC acquired a new position in Affiliated Managers Group during the 3rd quarter worth about $30,000. UMB Bank n.a. increased its position in Affiliated Managers Group by 481.3% in the 3rd quarter. UMB Bank n.a. now owns 186 shares of the asset manager’s stock valued at $33,000 after acquiring an additional 154 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of Affiliated Managers Group during the second quarter worth approximately $47,000. Finally, Goodman Advisory Group LLC bought a new stake in shares of Affiliated Managers Group during the second quarter worth $50,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Trading Down 0.7 %

Shares of AMG opened at $185.14 on Tuesday. The firm has a fifty day simple moving average of $183.24 and a 200 day simple moving average of $170.44. Affiliated Managers Group, Inc. has a 12 month low of $131.34 and a 12 month high of $199.52. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 0.68 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Monday, November 4th. The asset manager reported $4.82 earnings per share (EPS) 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 company had revenue of $525.20 million during the quarter, compared to analyst estimates of $521.87 million. During the same period in the prior year, the firm posted $4.08 EPS. Affiliated Managers Group’s revenue was up 1.7% compared to the same quarter last year. As a group, research analysts predict that Affiliated Managers Group, Inc. will post 21.01 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend is Thursday, November 14th. Affiliated Managers Group’s payout ratio is presently 0.26%.

Analyst Ratings Changes

AMG has been the topic of a number of recent research reports. StockNews.com cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. TD Cowen downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $226.00 to $177.00 in a research note on Tuesday, November 5th. Barrington Research reduced their price target on shares of Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Bank of America lifted their target price on Affiliated Managers Group from $200.00 to $201.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $196.50.

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.