Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Bruni J V & Co. Co.

Bruni J V & Co. Co. cut its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 301,845 shares of the asset manager’s stock after selling 1,050 shares during the period. Affiliated Managers Group accounts for about 6.3% of Bruni J V & Co. Co.’s portfolio, making the stock its 2nd largest position. Bruni J V & Co. Co. owned about 1.00% of Affiliated Managers Group worth $55,817,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. New York State Common Retirement Fund boosted its stake in Affiliated Managers Group by 4.0% in the 4th quarter. New York State Common Retirement Fund now owns 192,524 shares of the asset manager’s stock worth $35,602,000 after purchasing an additional 7,377 shares in the last quarter. Empirical Asset Management LLC lifted its stake in 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 during the period. Basswood Capital Management L.L.C. lifted its stake in Affiliated Managers Group by 22.7% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 131,981 shares of the asset manager’s stock valued at $23,466,000 after acquiring an additional 24,379 shares during the period. Victory Capital Management Inc. lifted its stake in Affiliated Managers Group by 13.9% during the 3rd quarter. Victory Capital Management Inc. now owns 113,191 shares of the asset manager’s stock valued at $20,125,000 after acquiring an additional 13,784 shares during the period. Finally, Franklin Resources Inc. lifted its stake in Affiliated Managers Group by 18.3% during the 3rd quarter. Franklin Resources Inc. now owns 101,913 shares of the asset manager’s stock valued at $19,363,000 after acquiring an additional 15,746 shares during the period. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMG has been the subject of several research reports. Barrington Research lifted their price objective on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. The Goldman Sachs Group cut shares of 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 research note on Monday, January 6th. TD Cowen cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $226.00 to $177.00 in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Affiliated Managers Group has an average rating of “Moderate Buy” and a consensus target price of $198.40.

Affiliated Managers Group Price Performance

NYSE:AMG opened at $171.09 on Friday. 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 firm has a market cap of $5.01 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 0.57 and a beta of 1.15. The company has a 50 day moving average price of $180.49 and a 200-day moving average price of $180.89. Affiliated Managers Group, Inc. has a 1-year low of $147.13 and a 1-year high of $199.52.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS 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%. Equities research analysts forecast that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date is Tuesday, February 18th. Affiliated Managers Group’s payout ratio is presently 0.26%.

About Affiliated Managers Group

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.