Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by First Hawaiian Bank

First Hawaiian Bank reduced its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,079 shares of the asset manager’s stock after selling 1,244 shares during the quarter. First Hawaiian Bank’s holdings in Affiliated Managers Group were worth $1,679,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. World Investment Advisors LLC bought a new stake in shares of Affiliated Managers Group during the 3rd quarter worth about $2,592,000. Asset Management One Co. Ltd. raised its holdings in Affiliated Managers Group by 94.3% during the third quarter. Asset Management One Co. Ltd. now owns 10,594 shares of the asset manager’s stock worth $1,884,000 after purchasing an additional 5,142 shares in the last quarter. XTX Topco Ltd lifted its position in Affiliated Managers Group by 178.9% in the second quarter. XTX Topco Ltd now owns 5,269 shares of the asset manager’s stock worth $823,000 after purchasing an additional 3,380 shares during the period. Kovitz Investment Group Partners LLC bought a new position in Affiliated Managers Group during the 3rd quarter valued at $543,000. Finally, Weiss Asset Management LP acquired a new position in shares of Affiliated Managers Group during the 3rd quarter valued at $2,130,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AMG shares. Barrington Research cut their price objective on Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $193.00 to $191.00 in a report on Monday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, TD Cowen lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and cut their target price for the company from $226.00 to $177.00 in a research note on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $195.40.

Affiliated Managers Group Trading Up 0.1 %

NYSE AMG opened at $180.63 on Thursday. Affiliated Managers Group, Inc. has a 1 year low of $145.36 and a 1 year high of $199.52. The stock’s 50-day moving average price is $185.76 and its two-hundred day moving average price is $177.73. The company has a market cap of $5.46 billion, a PE ratio of 11.78, a PEG ratio of 0.69 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Monday, November 4th. The asset manager reported $4.82 EPS for the quarter, missing the consensus estimate of $4.84 by ($0.02). Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The firm had revenue of $525.20 million during the quarter, compared to analysts’ expectations of $521.87 million. During the same quarter last year, the company posted $4.08 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. Research analysts forecast that Affiliated Managers Group, Inc. will post 20.91 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio is 0.26%.

Affiliated Managers Group Company 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.