Allianz Asset Management GmbH Cuts Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Allianz Asset Management GmbH trimmed its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 343,685 shares of the asset manager’s stock after selling 10,905 shares during the quarter. Allianz Asset Management GmbH owned approximately 1.14% of Affiliated Managers Group worth $63,554,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AMG. Empirical Asset Management LLC boosted its stake in Affiliated Managers Group by 10,522.8% in the fourth quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock valued at $347,000 after acquiring an additional 188,568 shares in the last quarter. Goodman Financial Corp acquired a new stake in Affiliated Managers Group in the third quarter valued at approximately $14,035,000. Barclays PLC boosted its stake in Affiliated Managers Group by 261.0% in the third quarter. Barclays PLC now owns 76,488 shares of the asset manager’s stock valued at $13,600,000 after acquiring an additional 55,302 shares in the last quarter. Bank of Montreal Can boosted its stake in Affiliated Managers Group by 328.2% in the third quarter. Bank of Montreal Can now owns 70,457 shares of the asset manager’s stock valued at $12,420,000 after acquiring an additional 54,003 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in Affiliated Managers Group by 70.6% in the third quarter. Los Angeles Capital Management LLC now owns 100,072 shares of the asset manager’s stock valued at $17,793,000 after acquiring an additional 41,413 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Trading Down 1.3 %

Shares of Affiliated Managers Group stock opened at $166.04 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 0.45. The firm has a fifty day moving average price of $181.82 and a 200 day moving average price of $180.91. Affiliated Managers Group, Inc. has a 1 year low of $147.13 and a 1 year high of $199.52. The stock has a market cap of $4.86 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 0.59 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. Equities research analysts predict that Affiliated Managers Group, Inc. will post 22.85 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 Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.01 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.26%.

Analyst Ratings Changes

Several brokerages have weighed in on AMG. Barrington Research raised their target price on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. TD Cowen downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $226.00 to $177.00 in a research note on Tuesday, November 5th. The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $198.40.

About Affiliated Managers Group

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.