Callan Capital LLC Lowers Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Callan Capital LLC decreased its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 15.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,737 shares of the asset manager’s stock after selling 319 shares during the period. Callan Capital LLC’s holdings in Affiliated Managers Group were worth $321,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Affiliated Managers Group in the third quarter valued at about $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Affiliated Managers Group in the third quarter valued at about $46,000. Prospera Private Wealth LLC purchased a new stake in shares of Affiliated Managers Group in the third quarter valued at about $47,000. UMB Bank n.a. boosted its holdings in shares of Affiliated Managers Group by 37.1% in the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock valued at $47,000 after acquiring an additional 69 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Affiliated Managers Group during the third quarter worth about $49,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AMG. TD Cowen downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $226.00 to $177.00 in a report on Tuesday, November 5th. The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $193.00 to $191.00 in a report on Monday, January 6th. StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Barrington Research boosted their price objective 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. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $198.40.

Affiliated Managers Group Stock Down 1.3 %

Shares of NYSE AMG opened at $166.04 on Friday. Affiliated Managers Group, Inc. has a 12-month low of $147.13 and a 12-month high of $199.52. The company has a market capitalization of $4.86 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 0.59 and a beta of 1.15. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 0.45. The firm’s 50-day moving average is $181.82 and its two-hundred day moving average is $180.91.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, beating 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%. Equities analysts anticipate that Affiliated Managers Group, Inc. will post 22.85 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th 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 is Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.26%.

Affiliated Managers Group Company 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.