Y Intercept Hong Kong Ltd Reduces Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Y Intercept Hong Kong Ltd lowered its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 19.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,847 shares of the asset manager’s stock after selling 671 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Affiliated Managers Group were worth $526,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in Affiliated Managers Group in the third quarter valued at about $30,000. Wilmington Savings Fund Society FSB acquired a new position in Affiliated Managers Group in the third quarter valued at about $46,000. Prospera Private Wealth LLC acquired a new position in Affiliated Managers Group in the third quarter valued at about $47,000. UMB Bank n.a. lifted its position in 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 buying an additional 69 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Affiliated Managers Group in the third quarter valued at about $49,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Up 2.3 %

Shares of AMG opened at $171.09 on Friday. The company’s 50-day simple moving average is $180.26 and its 200-day simple moving average is $181.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13. Affiliated Managers Group, Inc. has a 1 year low of $147.13 and a 1 year high of $199.52. The stock has a market capitalization of $5.01 billion, a PE ratio of 11.33, a P/E/G ratio of 0.57 and a beta of 1.15.

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

Affiliated Managers Group Dividend Announcement

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

Wall Street Analyst Weigh In

AMG has been the topic of a number of recent analyst reports. Barrington Research upped their target price on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. The Goldman Sachs Group cut shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. Finally, TD Cowen cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $226.00 to $177.00 in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $198.40.

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.