Mitsubishi UFJ Trust & Banking Corp Sells 6,212 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 38.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,131 shares of the asset manager’s stock after selling 6,212 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Affiliated Managers Group were worth $1,873,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AMG. Vanguard Group Inc. raised its stake in Affiliated Managers Group by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 3,211,846 shares of the asset manager’s stock valued at $593,935,000 after purchasing an additional 31,343 shares in the last quarter. Boston Partners raised its position in shares of Affiliated Managers Group by 46.1% during the 4th quarter. Boston Partners now owns 1,184,130 shares of the asset manager’s stock valued at $218,975,000 after buying an additional 373,696 shares in the last quarter. Channing Capital Management LLC lifted its holdings in shares of Affiliated Managers Group by 5.5% in the 4th quarter. Channing Capital Management LLC now owns 514,580 shares of the asset manager’s stock valued at $95,156,000 after acquiring an additional 26,654 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Affiliated Managers Group by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager’s stock worth $61,228,000 after acquiring an additional 2,264 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in Affiliated Managers Group by 4.0% in the fourth quarter. New York State Common Retirement Fund now owns 192,524 shares of the asset manager’s stock worth $35,602,000 after acquiring an additional 7,377 shares in the last quarter. 95.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $193.00 to $191.00 in a research note on Monday, January 6th. StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, Barrington Research boosted 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Affiliated Managers Group has an average rating of “Moderate Buy” and an average target price of $198.40.

Affiliated Managers Group Price Performance

AMG opened at $169.56 on Wednesday. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average of $171.88 and a 200 day moving average of $180.41. Affiliated Managers Group, Inc. has a 52-week low of $147.13 and a 52-week high of $199.52. The stock has a market cap of $4.96 billion, a P/E ratio of 11.23, a PEG ratio of 0.57 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 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 anticipate that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

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

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.