Affiliated Managers Group, Inc. (AMG) Stake Cut by Marshall Wace LLP

Marshall Wace LLP cut its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 44.6% during the fourth quarter, Holdings Channel reports. The fund owned 393,042 shares of the company’s stock after selling 316,499 shares during the period. Marshall Wace LLP’s holdings in Affiliated Managers Group were worth $57,109,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new position in shares of Affiliated Managers Group during the third quarter worth approximately $94,157,000. Institutional Capital LLC acquired a new position in shares of Affiliated Managers Group during the fourth quarter worth approximately $73,253,000. FMR LLC increased its position in shares of Affiliated Managers Group by 108.8% in the fourth quarter. FMR LLC now owns 753,403 shares of the company’s stock worth $109,469,000 after buying an additional 392,642 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Affiliated Managers Group during the fourth quarter worth approximately $38,958,000. Finally, Sirios Capital Management L P increased its position in shares of Affiliated Managers Group by 50.8% in the third quarter. Sirios Capital Management L P now owns 711,327 shares of the company’s stock worth $102,929,000 after buying an additional 239,602 shares in the last quarter. 98.85% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

Affiliated Managers Group, Inc. (NYSE:AMG) traded up 0.22% during mid-day trading on Tuesday, reaching $167.68. The company had a trading volume of 582,996 shares. Affiliated Managers Group, Inc. has a 52-week low of $124.64 and a 52-week high of $179.85. The company’s 50 day moving average is $149.38 and its 200 day moving average is $145.66. The stock has a market capitalization of $9.22 billion, a price-to-earnings ratio of 19.57 and a beta of 1.59.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Monday, January 30th. The company reported $3.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.70 by $0.10. The firm earned $550.30 million during the quarter, compared to the consensus estimate of $563.42 million. Affiliated Managers Group had a net margin of 21.48% and a return on equity of 17.65%. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.61 earnings per share. Equities analysts predict that Affiliated Managers Group, Inc. will post $14.69 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 23rd. Stockholders of record on Thursday, February 9th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Tuesday, February 7th. Affiliated Managers Group’s payout ratio is currently 9.35%.

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Several analysts have issued reports on the company. Credit Suisse Group set a $194.00 price objective on Affiliated Managers Group and gave the company a “buy” rating in a research note on Tuesday, January 31st. Jefferies Group LLC restated a “buy” rating and set a $191.00 price objective on shares of Affiliated Managers Group in a research note on Tuesday, January 31st. Citigroup Inc. restated a “buy” rating on shares of Affiliated Managers Group in a research note on Tuesday, January 31st. Zacks Investment Research cut Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Monday, January 9th. Finally, Goldman Sachs Group, Inc. (The) cut Affiliated Managers Group from a “conviction-buy” rating to a “buy” rating and set a $190.00 price objective on the stock. in a research note on Wednesday, January 4th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Affiliated Managers Group presently has an average rating of “Buy” and a consensus target price of $167.50.

In related news, Director Dwight D. Churchill sold 3,125 shares of Affiliated Managers Group stock in a transaction on Monday, December 12th. The shares were sold at an average price of $160.23, for a total transaction of $500,718.75. Following the completion of the transaction, the director now owns 6,667 shares of the company’s stock, valued at $1,068,253.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sean M. Healey sold 62,000 shares of Affiliated Managers Group stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $154.84, for a total transaction of $9,600,080.00. Following the transaction, the chief executive officer now directly owns 122,292 shares of the company’s stock, valued at approximately $18,935,693.28. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by company insiders.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms (Affiliates). The Company is focused on investing in the boutique investment management firms globally, including traditional, alternative and wealth management firms, specializing in an array of active return-oriented investment strategies.

5 Day Chart for NYSE:AMG

Want to see what other hedge funds are holding AMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Affiliated Managers Group, Inc. (NYSE:AMG).

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