Wellington Management Group LLP Sells 681 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Wellington Management Group LLP decreased its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,056 shares of the asset manager’s stock after selling 681 shares during the quarter. Wellington Management Group LLP’s holdings in Affiliated Managers Group were worth $2,583,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Penn Capital Management Company LLC acquired a new stake in Affiliated Managers Group during the fourth quarter valued at approximately $8,215,000. True Wealth Design LLC boosted its stake in Affiliated Managers Group by 7.8% in the 4th quarter. True Wealth Design LLC now owns 5,532 shares of the asset manager’s stock valued at $838,000 after buying an additional 398 shares in the last quarter. Bridgewater Associates LP grew its position in Affiliated Managers Group by 24.9% in the fourth quarter. Bridgewater Associates LP now owns 127,360 shares of the asset manager’s stock valued at $19,285,000 after acquiring an additional 25,365 shares during the period. Quadrature Capital Ltd acquired a new position in Affiliated Managers Group during the fourth quarter worth $3,599,000. Finally, Seven Eight Capital LP bought a new position in shares of Affiliated Managers Group during the fourth quarter valued at $1,037,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AMG shares. Barrington Research reiterated an “outperform” rating and set a $190.00 target price on shares of Affiliated Managers Group in a research report on Tuesday, May 7th. TD Cowen dropped their price objective on shares of Affiliated Managers Group from $218.00 to $198.00 and set a “buy” rating for the company in a report on Tuesday, May 7th.

Affiliated Managers Group Stock Up 0.4 %

Shares of NYSE:AMG opened at $156.23 on Monday. The firm has a market cap of $4.98 billion, a P/E ratio of 8.67, a P/E/G ratio of 0.51 and a beta of 1.24. Affiliated Managers Group, Inc. has a 12 month low of $120.22 and a 12 month high of $169.65. The company’s 50-day moving average price is $157.77 and its two-hundred day moving average price is $156.83.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Monday, May 6th. The asset manager reported $5.37 EPS for the quarter, beating the consensus estimate of $5.21 by $0.16. Affiliated Managers Group had a net margin of 33.74% and a return on equity of 16.66%. The business had revenue of $499.90 million for the quarter, compared to analysts’ expectations of $524.53 million. During the same period in the prior year, the firm earned $4.18 earnings per share. As a group, equities analysts predict that Affiliated Managers Group, Inc. will post 21.72 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Wednesday, May 15th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.22%.

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.