AlphaQuest LLC Sells 10,795 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

AlphaQuest LLC lowered its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 88.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,473 shares of the asset manager’s stock after selling 10,795 shares during the quarter. AlphaQuest LLC’s holdings in Affiliated Managers Group were worth $272,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its stake in Affiliated Managers Group by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager’s stock valued at $61,228,000 after purchasing an additional 2,264 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Affiliated Managers Group by 4.0% during the fourth quarter. New York State Common Retirement Fund now owns 192,524 shares of the asset manager’s stock worth $35,602,000 after buying an additional 7,377 shares in the last quarter. Empirical Asset Management LLC boosted its holdings in shares of Affiliated Managers Group by 10,522.8% during the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock valued at $347,000 after acquiring an additional 188,568 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Affiliated Managers Group by 84.3% in the 4th quarter. Fisher Asset Management LLC now owns 156,210 shares of the asset manager’s stock worth $28,886,000 after purchasing an additional 71,458 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Affiliated Managers Group during the fourth quarter valued at about $28,818,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. The Goldman Sachs Group cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $193.00 to $191.00 in a research report on Monday, January 6th. Finally, Barrington Research lifted their price target on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Affiliated Managers Group has a consensus rating of “Moderate Buy” and an average price target of $198.40.

Affiliated Managers Group Stock Performance

Shares of AMG stock opened at $163.62 on Friday. The stock has a market capitalization of $4.79 billion, a PE ratio of 10.84, a PEG ratio of 0.57 and a beta of 1.18. The business’s 50 day simple moving average is $175.20 and its 200 day simple moving average is $180.29. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. Affiliated Managers Group, Inc. has a one year low of $147.13 and a one year high of $199.52.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, topping the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. As a group, research analysts forecast that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given 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 was Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.26%.

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.