Maryland State Retirement & Pension System Sells 258 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Maryland State Retirement & Pension System lowered its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 14.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,567 shares of the asset manager’s stock after selling 258 shares during the period. Maryland State Retirement & Pension System’s holdings in Affiliated Managers Group were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMG. Jones Financial Companies Lllp raised its stake in shares of Affiliated Managers Group by 79.5% during the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock worth $26,000 after purchasing an additional 62 shares in the last quarter. Private Trust Co. NA increased its holdings in Affiliated Managers Group by 131.9% during the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock worth $40,000 after buying an additional 124 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Affiliated Managers Group during the third quarter worth $46,000. UMB Bank n.a. raised its position in Affiliated Managers Group by 37.1% during the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock worth $47,000 after acquiring an additional 69 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Affiliated Managers Group in the third quarter valued at $49,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Trading Up 0.7 %

Shares of NYSE:AMG opened at $172.97 on Wednesday. Affiliated Managers Group, Inc. has a 12-month low of $147.13 and a 12-month high of $199.52. The business has a 50 day moving average of $173.63 and a 200-day moving average of $180.29. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. The stock has a market cap of $5.06 billion, a PE ratio of 11.45, a P/E/G ratio of 0.57 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 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%. As a group, equities research analysts forecast that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.01 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.26%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMG. 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 research note on Thursday, February 6th. StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $193.00 to $191.00 in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Affiliated Managers Group currently has an average rating of “Moderate Buy” and an average price target 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.