River Global Investors LLP Trims Stock Position in Affiliated Managers Group, Inc. (NYSE:AMG)

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

A number of other hedge funds have also recently modified their holdings of AMG. Morgan Stanley grew its position 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 valued at $322,537,000 after buying an additional 41,120 shares during the period. Ariel Investments LLC grew its position in shares of Affiliated Managers Group by 11.3% during the 3rd 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. grew 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 valued at $59,558,000 after acquiring an additional 86,670 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Affiliated Managers Group by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 347,027 shares of the asset manager’s stock valued at $45,231,000 after purchasing an additional 2,824 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Affiliated Managers Group by 65.7% in the 3rd quarter. Invesco Ltd. now owns 263,664 shares of the asset manager’s stock worth $34,366,000 after purchasing an additional 104,507 shares during the period. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Trading Down 0.2 %

NYSE:AMG traded down $0.30 during trading hours on Friday, hitting $160.35. 341,524 shares of the stock were exchanged, compared to its average volume of 258,542. The firm’s fifty day moving average price is $161.52 and its 200 day moving average price is $149.40. Affiliated Managers Group, Inc. has a 52-week low of $120.22 and a 52-week high of $169.65. The company has a market cap of $5.20 billion, a P/E ratio of 9.24, a P/E/G ratio of 0.56 and a beta of 1.31.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results 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 firm had revenue of $502.70 million during the quarter, compared to analysts’ expectations of $524.98 million. Affiliated Managers Group had a return on equity of 16.29% and a net margin of 32.71%. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the previous year, the business earned $7.28 earnings per share. Equities analysts expect that Affiliated Managers Group, Inc. will post 22.03 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Barrington Research raised their price objective on Affiliated Managers Group from $175.00 to $190.00 and gave the company an “outperform” rating in a report 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.