Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by National Bank of Canada FI

National Bank of Canada FI reduced its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 78.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,458 shares of the asset manager’s stock after selling 8,921 shares during the period. National Bank of Canada FI’s holdings in Affiliated Managers Group were worth $455,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. O Shaughnessy Asset Management LLC boosted its holdings in shares of Affiliated Managers Group by 24.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,090 shares of the asset manager’s stock worth $941,000 after purchasing an additional 1,004 shares during the last quarter. Schroder Investment Management Group acquired a new position in shares of Affiliated Managers Group during the 4th quarter worth approximately $4,629,000. Pictet Asset Management Holding SA boosted its holdings in shares of Affiliated Managers Group by 2.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,617 shares of the asset manager’s stock worth $854,000 after purchasing an additional 111 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Affiliated Managers Group during the 4th quarter worth approximately $70,000. Finally, Norges Bank acquired a new position in shares of Affiliated Managers Group during the 4th quarter worth approximately $68,683,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Up 11.8 %

Shares of NYSE AMG opened at $160.30 on Thursday. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 0.57 and a beta of 1.09. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. Affiliated Managers Group, Inc. has a 52-week low of $139.22 and a 52-week high of $199.52. The business’s 50 day moving average is $166.52 and its two-hundred day moving average is $179.09.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, beating 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%. Research analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently disclosed 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 0.02%. The ex-dividend date was Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio is currently 0.26%.

Analyst Ratings Changes

AMG has been the topic of a number of recent analyst reports. StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Barrington Research decreased their price objective on Affiliated Managers Group from $215.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday. The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $193.00 to $191.00 in a report on Monday, January 6th. Bank of America decreased their price objective on Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Finally, TD Cowen decreased their price objective on Affiliated Managers Group from $187.00 to $168.00 and set a “hold” rating on the stock in a report on Wednesday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.40.

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.