Nuveen Asset Management LLC Sells 5,284 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Nuveen Asset Management LLC lowered its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG – Get Rating) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,737 shares of the asset manager’s stock after selling 5,284 shares during the quarter. Nuveen Asset Management LLC owned about 0.27% of Affiliated Managers Group worth $11,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in AMG. Natixis Advisors L.P. boosted its position in Affiliated Managers Group by 2.5% during the first quarter. Natixis Advisors L.P. now owns 12,741 shares of the asset manager’s stock valued at $1,796,000 after purchasing an additional 310 shares in the last quarter. Bank of Montreal Can boosted its position in Affiliated Managers Group by 88.9% during the first quarter. Bank of Montreal Can now owns 8,484 shares of the asset manager’s stock valued at $1,239,000 after purchasing an additional 3,992 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Affiliated Managers Group by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,898 shares of the asset manager’s stock valued at $2,100,000 after purchasing an additional 1,420 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in Affiliated Managers Group by 8.3% during the first quarter. Great West Life Assurance Co. Can now owns 23,046 shares of the asset manager’s stock valued at $3,341,000 after purchasing an additional 1,772 shares in the last quarter. Finally, Yousif Capital Management LLC raised its stake in Affiliated Managers Group by 2.1% in the first quarter. Yousif Capital Management LLC now owns 23,530 shares of the asset manager’s stock valued at $3,317,000 after buying an additional 491 shares during the last quarter. Institutional investors own 95.31% of the company’s stock.

Affiliated Managers Group Trading Up 0.4 %

Shares of AMG stock opened at $157.49 on Thursday. The stock has a 50 day moving average of $165.00 and a 200 day moving average of $146.11. The stock has a market cap of $5.65 billion, a P/E ratio of 5.98, a P/E/G ratio of 0.73 and a beta of 1.35. Affiliated Managers Group, Inc. has a twelve month low of $108.12 and a twelve month high of $180.63.

Affiliated Managers Group (NYSE:AMG – Get Rating) last announced its quarterly earnings results on Monday, February 6th. The asset manager reported $7.28 earnings per share for the quarter, beating the consensus estimate of $7.03 by $0.25. The company had revenue of $539.60 million during the quarter, compared to analysts’ expectations of $599.42 million. Affiliated Managers Group had a return on equity of 21.29% and a net margin of 49.18%. During the same period last year, the business earned $6.10 earnings per share. On average, research analysts predict that Affiliated Managers Group, Inc. will post 19.19 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 2nd. Shareholders of record on Thursday, February 16th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Wednesday, February 15th. Affiliated Managers Group’s payout ratio is currently 0.15%.

Analyst Ratings Changes

A number of equities research analysts have commented on AMG shares. Barrington Research increased their price target on Affiliated Managers Group from $155.00 to $195.00 and gave the company an “outperform” rating in a research note on Monday, February 6th. StockNews.com cut Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 28th. The Goldman Sachs Group started coverage on Affiliated Managers Group in a research note on Monday, November 21st. They issued a “buy” rating and a $182.00 price target for the company. Deutsche Bank Aktiengesellschaft increased their price target on Affiliated Managers Group from $187.00 to $192.00 and gave the company a “buy” rating in a research note on Monday, February 6th. Finally, Jefferies Financial Group upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $149.00 to $192.00 in a research note on Monday, November 28th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Affiliated Managers Group has an average rating of “Buy” and a consensus price target of $185.21.

About Affiliated Managers Group

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Affiliated Managers Group, Inc engages in the provision of asset management with equity investment. The company was founded by in December 1993 and is headquartered in West Palm Beach, FL.