Oregon Public Employees Retirement Fund Sells 541 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Oregon Public Employees Retirement Fund lessened its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMGGet Rating) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,161 shares of the asset manager’s stock after selling 541 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Affiliated Managers Group were worth $1,248,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMG. Parallel Advisors LLC increased its position in Affiliated Managers Group by 86.8% during the 2nd quarter. Parallel Advisors LLC now owns 241 shares of the asset manager’s stock valued at $28,000 after buying an additional 112 shares in the last quarter. Fifth Third Bancorp increased its position in Affiliated Managers Group by 57.7% during the 2nd quarter. Fifth Third Bancorp now owns 257 shares of the asset manager’s stock valued at $30,000 after buying an additional 94 shares in the last quarter. Truvestments Capital LLC bought a new position in Affiliated Managers Group during the 2nd quarter valued at approximately $38,000. Lazard Asset Management LLC increased its position in Affiliated Managers Group by 76.3% during the 1st quarter. Lazard Asset Management LLC now owns 275 shares of the asset manager’s stock valued at $38,000 after buying an additional 119 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in Affiliated Managers Group by 68.7% during the 2nd quarter. Quadrant Capital Group LLC now owns 366 shares of the asset manager’s stock valued at $43,000 after buying an additional 149 shares in the last quarter. Institutional investors own 95.31% of the company’s stock.

Analyst Upgrades and Downgrades

AMG has been the subject of a number of research analyst reports. Jefferies Financial Group raised Affiliated Managers Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $149.00 to $192.00 in a report on Monday, November 28th. The Goldman Sachs Group initiated coverage on Affiliated Managers Group in a report on Monday, November 21st. They issued a “buy” rating and a $182.00 target price for the company. Credit Suisse Group lifted their target price on Affiliated Managers Group from $140.00 to $163.50 and gave the stock an “outperform” rating in a report on Tuesday, November 8th. Barrington Research lifted their target price on Affiliated Managers Group from $145.00 to $155.00 in a report on Monday, November 7th. Finally, StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Affiliated Managers Group currently has an average rating of “Buy” and a consensus target price of $178.79.

Affiliated Managers Group Price Performance

AMG stock opened at $165.42 on Monday. The company has a market cap of $6.23 billion, a P/E ratio of 12.64, a price-to-earnings-growth ratio of 0.77 and a beta of 1.31. Affiliated Managers Group, Inc. has a 1 year low of $108.12 and a 1 year high of $172.01. The stock’s fifty day moving average price is $159.39 and its 200-day moving average price is $137.39.

Affiliated Managers Group (NYSE:AMGGet Rating) last released its quarterly earnings results on Monday, November 7th. The asset manager reported $4.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.92 by $0.29. The firm had revenue of $578.60 million for the quarter, compared to the consensus estimate of $553.29 million. Affiliated Managers Group had a return on equity of 21.15% and a net margin of 22.02%. As a group, analysts expect that Affiliated Managers Group, Inc. will post 19.68 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, November 16th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 0.31%.

Affiliated Managers Group Profile

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Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. It provides assistance on strategic matters, marketing, distribution, product development, and operations. The company was founded by William J. Nutt in December 1993 and is headquartered in West Palm Beach, FL.

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

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