Mission Wealth Management LP Sells 349 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Mission Wealth Management LP lessened its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 9.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,458 shares of the asset manager’s stock after selling 349 shares during the period. Mission Wealth Management LP’s holdings in Affiliated Managers Group were worth $639,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Empirical Asset Management LLC boosted its holdings in shares of 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 buying an additional 188,568 shares during the period. Goodman Financial Corp acquired a new position in shares of Affiliated Managers Group in the third quarter valued at approximately $14,035,000. Fisher Asset Management LLC boosted its holdings in shares of Affiliated Managers Group by 84.3% in the fourth quarter. Fisher Asset Management LLC now owns 156,210 shares of the asset manager’s stock valued at $28,886,000 after buying an additional 71,458 shares during the period. Barclays PLC boosted its holdings in shares of 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 buying an additional 55,302 shares during the period. Finally, Bank of Montreal Can boosted its holdings in shares of 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 buying an additional 54,003 shares during the period. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Price Performance

NYSE:AMG opened at $161.02 on Wednesday. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 0.57 and a beta of 1.15. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13. Affiliated Managers Group, Inc. has a 52 week low of $147.13 and a 52 week high of $199.52. The firm’s 50-day simple moving average is $179.91 and its 200 day simple moving average is $181.09.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. As a group, sell-side analysts predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.01 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. Affiliated Managers Group’s payout ratio is 0.26%.

Analyst Upgrades and Downgrades

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

Affiliated Managers Group Company 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.