Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. trimmed its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 8.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,090 shares of the asset manager’s stock after selling 300 shares during the period. Hillsdale Investment Management Inc.’s holdings in Affiliated Managers Group were worth $571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of Affiliated Managers Group by 531.1% during the fourth quarter. American Century Companies Inc. now owns 51,002 shares of the asset manager’s stock worth $9,431,000 after purchasing an additional 42,921 shares during the period. Goodman Financial Corp raised its position in Affiliated Managers Group by 0.7% during the 4th quarter. Goodman Financial Corp now owns 79,505 shares of the asset manager’s stock worth $14,702,000 after buying an additional 568 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Affiliated Managers Group by 1.6% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,675 shares of the asset manager’s stock worth $1,234,000 after acquiring an additional 103 shares during the period. Lingohr Asset Management GmbH purchased a new stake in shares of Affiliated Managers Group in the fourth quarter valued at about $204,000. Finally, Xponance Inc. increased its stake in shares of Affiliated Managers Group by 3.6% during the fourth quarter. Xponance Inc. now owns 3,759 shares of the asset manager’s stock worth $695,000 after acquiring an additional 132 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

AMG has been the topic of a number of analyst reports. Barrington Research lifted their price objective on Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. The Goldman Sachs Group lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. Finally, StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $198.40.

Affiliated Managers Group Trading Up 2.2 %

Shares of AMG stock opened at $171.89 on Tuesday. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 0.57 and a beta of 1.18. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $173.80 and a 200 day moving average price of $180.23. Affiliated Managers Group, Inc. has a twelve month low of $147.13 and a twelve month high of $199.52.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, beating 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%. Research analysts forecast that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The firm also recently declared 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. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio is presently 0.26%.

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.