BNP Paribas Financial Markets Sells 4,190 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

BNP Paribas Financial Markets decreased its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 52.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,868 shares of the asset manager’s stock after selling 4,190 shares during the period. BNP Paribas Financial Markets’ holdings in Affiliated Managers Group were worth $715,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Affiliated Managers Group by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 3,211,846 shares of the asset manager’s stock valued at $593,935,000 after acquiring an additional 31,343 shares in the last quarter. Boston Partners increased its position in Affiliated Managers Group by 46.1% during the fourth quarter. Boston Partners now owns 1,184,130 shares of the asset manager’s stock worth $218,975,000 after buying an additional 373,696 shares during the last quarter. Channing Capital Management LLC increased its holdings in shares of Affiliated Managers Group by 5.5% during the 4th quarter. Channing Capital Management LLC now owns 514,580 shares of the asset manager’s stock worth $95,156,000 after acquiring an additional 26,654 shares during the last quarter. LSV Asset Management raised its position in shares of Affiliated Managers Group by 79.1% in the fourth quarter. LSV Asset Management now owns 423,994 shares of the asset manager’s stock valued at $78,405,000 after purchasing an additional 187,290 shares during the period. Finally, Norges Bank bought a new position in Affiliated Managers Group in the 4th quarter valued at about $68,683,000. Institutional investors own 95.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AMG. Wall Street Zen upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Barrington Research decreased their target price on Affiliated Managers Group from $215.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. TD Cowen decreased their target price on shares of Affiliated Managers Group from $187.00 to $168.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Bank of America lowered their price objective on Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Finally, Cowen reaffirmed a “hold” rating on shares of Affiliated Managers Group in a research report on Wednesday, May 14th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $192.40.

Affiliated Managers Group Stock Down 0.2%

Affiliated Managers Group stock opened at $175.69 on Friday. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. Affiliated Managers Group, Inc. has a 1-year low of $139.22 and a 1-year high of $199.52. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 0.57 and a beta of 1.06. The firm has a 50 day simple moving average of $166.75 and a 200 day simple moving average of $175.45.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Thursday, May 8th. The asset manager reported $5.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.10 by $0.10. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. The firm had revenue of $496.60 million during the quarter, compared to the consensus estimate of $508.00 million. During the same quarter last year, the company posted $5.37 EPS. On average, analysts predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio is presently 0.30%.

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.