Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,418 shares of the asset manager’s stock after selling 235 shares during the period. Yousif Capital Management LLC’s holdings in Affiliated Managers Group were worth $2,111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in AMG. Empirical Asset Management LLC lifted its position in 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 worth $347,000 after purchasing an additional 188,568 shares during the period. Goodman Financial Corp bought a new stake in shares of Affiliated Managers Group in the 3rd quarter worth $14,035,000. Barclays PLC lifted 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. Bank of Montreal Can boosted its stake in Affiliated Managers Group by 328.2% during 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 in the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in Affiliated Managers Group by 70.6% during the third quarter. Los Angeles Capital Management LLC now owns 100,072 shares of the asset manager’s stock worth $17,793,000 after acquiring an additional 41,413 shares during the period. 95.30% of the stock is currently owned by institutional investors.

Affiliated Managers Group Stock Down 1.3 %

AMG stock opened at $176.22 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 0.45. The firm has a market capitalization of $5.33 billion, a P/E ratio of 11.67, a P/E/G ratio of 0.67 and a beta of 1.15. Affiliated Managers Group, Inc. has a 52-week low of $147.13 and a 52-week high of $199.52. The company’s 50 day simple moving average is $184.85 and its 200-day simple moving average is $181.32.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. As a group, equities research analysts anticipate that Affiliated Managers Group, Inc. will post 22.83 EPS for the current year.

Affiliated Managers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is 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 presently 0.26%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Barrington Research upped their price target on shares of 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 shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $193.00 to $191.00 in a research note on Monday, January 6th. TD Cowen cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $226.00 to $177.00 in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price target on Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $198.40.

About Affiliated Managers Group

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.