Kendall Capital Management Lowers Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Kendall Capital Management reduced its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,010 shares of the asset manager’s stock after selling 125 shares during the period. Kendall Capital Management’s holdings in Affiliated Managers Group were worth $742,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Edgestream Partners L.P. boosted its holdings in Affiliated Managers Group by 18.9% in the fourth quarter. Edgestream Partners L.P. now owns 5,510 shares of the asset manager’s stock valued at $1,019,000 after purchasing an additional 876 shares during the period. Callan Family Office LLC purchased a new position in Affiliated Managers Group in the fourth quarter valued at $239,000. Raymond James Financial Inc. purchased a new position in Affiliated Managers Group in the fourth quarter valued at $28,818,000. Proficio Capital Partners LLC purchased a new position in Affiliated Managers Group in the fourth quarter valued at $4,377,000. Finally, Assetmark Inc. boosted its holdings in Affiliated Managers Group by 0.7% in the fourth quarter. Assetmark Inc. now owns 28,717 shares of the asset manager’s stock valued at $5,310,000 after purchasing an additional 209 shares during the period. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Affiliated Managers Group Stock Down 1.3 %

Affiliated Managers Group stock opened at $159.60 on Monday. Affiliated Managers Group, Inc. has a 1-year low of $147.13 and a 1-year high of $199.52. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. The stock has a market cap of $4.67 billion, a PE ratio of 10.57, a P/E/G ratio of 0.57 and a beta of 1.18. The stock’s fifty day moving average is $177.82 and its two-hundred day moving average is $180.81.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS 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, sell-side analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date was Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 0.26%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AMG shares. Barrington Research lifted their target price on Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. The Goldman Sachs Group lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $193.00 to $191.00 in a report on Monday, January 6th. StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.