Mutual of America Capital Management LLC Sells 4,702 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Mutual of America Capital Management LLC cut its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMGGet Rating) by 12.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,365 shares of the asset manager’s stock after selling 4,702 shares during the period. Mutual of America Capital Management LLC owned approximately 0.08% of Affiliated Managers Group worth $3,774,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its holdings in Affiliated Managers Group by 22.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the asset manager’s stock worth $52,000 after purchasing an additional 81 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Affiliated Managers Group by 57.7% during the second quarter. Fifth Third Bancorp now owns 257 shares of the asset manager’s stock worth $30,000 after purchasing an additional 94 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Affiliated Managers Group by 86.8% during the second quarter. Parallel Advisors LLC now owns 241 shares of the asset manager’s stock worth $28,000 after purchasing an additional 112 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Affiliated Managers Group by 76.3% during the first quarter. Lazard Asset Management LLC now owns 275 shares of the asset manager’s stock worth $38,000 after purchasing an additional 119 shares during the last quarter. Finally, Column Capital Advisors LLC boosted its holdings in Affiliated Managers Group by 17.6% during the second quarter. Column Capital Advisors LLC now owns 890 shares of the asset manager’s stock worth $104,000 after purchasing an additional 133 shares during the last quarter. 96.62% of the stock is owned by institutional investors.

Affiliated Managers Group Trading Down 0.9 %

Shares of AMG stock opened at $153.87 on Monday. The stock has a market capitalization of $5.80 billion, a P/E ratio of 11.75, a PEG ratio of 0.98 and a beta of 1.28. The firm’s 50 day moving average is $126.35 and its 200 day moving average is $126.26. Affiliated Managers Group, Inc. has a 12 month low of $108.12 and a 12 month high of $178.16.

Affiliated Managers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 17th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Wednesday, November 16th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.31%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMG. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Affiliated Managers Group from $161.00 to $171.00 and gave the stock a “buy” rating in a report on Tuesday, November 15th. StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Tuesday, November 8th. Barrington Research boosted their target price on shares of Affiliated Managers Group from $145.00 to $155.00 in a research note on Monday, November 7th. Finally, Credit Suisse Group upped their price target on shares of Affiliated Managers Group from $140.00 to $163.50 and gave the company an “outperform” rating in a research note on Tuesday, November 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Affiliated Managers Group currently has a consensus rating of “Moderate Buy” and an average target price of $174.58.

About Affiliated Managers Group

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

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