Emerald Advisers Inc. PA reduced its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 4.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 13,071 shares of the asset manager’s stock after selling 625 shares during the quarter. Emerald Advisers Inc. PA’s holdings in Affiliated Managers Group were worth $2,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of AMG. Amundi Pioneer Asset Management Inc. increased its position in Affiliated Managers Group by 156.0% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 714,516 shares of the asset manager’s stock valued at $135,637,000 after acquiring an additional 435,440 shares during the period. Janus Henderson Group PLC increased its position in Affiliated Managers Group by 333.2% in the 2nd quarter. Janus Henderson Group PLC now owns 518,866 shares of the asset manager’s stock valued at $86,059,000 after acquiring an additional 399,083 shares during the period. Jane Street Group LLC increased its position in Affiliated Managers Group by 101.1% in the 3rd quarter. Jane Street Group LLC now owns 3,939 shares of the asset manager’s stock valued at $748,000 after acquiring an additional 366,268 shares during the period. State Street Corp increased its position in Affiliated Managers Group by 6.7% in the 2nd quarter. State Street Corp now owns 2,757,345 shares of the asset manager’s stock valued at $457,334,000 after acquiring an additional 174,278 shares during the period. Finally, Calamos Advisors LLC increased its position in Affiliated Managers Group by 102.0% in the 3rd quarter. Calamos Advisors LLC now owns 226,214 shares of the asset manager’s stock valued at $42,942,000 after acquiring an additional 114,217 shares during the period. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Several equities analysts have recently issued reports on the company. Zacks Investment Research cut Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $229.00 price target on shares of Affiliated Managers Group in a research report on Thursday, October 12th. Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $216.00 price target on the stock. in a research report on Tuesday, January 9th. Citigroup lifted their price target on Affiliated Managers Group from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, Barrington Research lifted their price target on Affiliated Managers Group to $240.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $224.13.

Shares of Affiliated Managers Group, Inc. (AMG) opened at $187.87 on Thursday. The firm has a market capitalization of $10,599.47, a price-to-earnings ratio of 15.57, a PEG ratio of 0.68 and a beta of 1.57. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.54 and a current ratio of 0.59. Affiliated Managers Group, Inc. has a one year low of $148.81 and a one year high of $216.99.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Monday, January 29th. The asset manager reported $4.68 earnings per share for the quarter, topping the consensus estimate of $4.55 by $0.13. The business had revenue of $604.10 million during the quarter, compared to analyst estimates of $608.51 million. Affiliated Managers Group had a return on equity of 18.61% and a net margin of 29.92%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $3.80 EPS. research analysts anticipate that Affiliated Managers Group, Inc. will post 17.58 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, February 8th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, February 7th. This is a positive change from Affiliated Managers Group’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a dividend yield of 0.64%. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 6.63%.

Affiliated Managers Group announced that its Board of Directors has approved a stock buyback program on Monday, January 29th that allows the company to repurchase 3,400,000 shares. This repurchase authorization allows the asset manager to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

In other news, insider Peter W. Macewen sold 10,000 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $197.67, for a total transaction of $1,976,700.00. Following the completion of the sale, the insider now directly owns 37,682 shares of the company’s stock, valued at approximately $7,448,600.94. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sean M. Healey sold 69,800 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $185.48, for a total value of $12,946,504.00. Following the sale, the chief executive officer now directly owns 194,943 shares of the company’s stock, valued at $36,158,027.64. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

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About Affiliated Managers Group

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

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

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