Affiliated Managers Group, Inc. (NYSE:AMG) Position Lessened by Ironwood Investment Counsel LLC

Ironwood Investment Counsel LLC trimmed its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,215 shares of the asset manager’s stock after selling 150 shares during the period. Ironwood Investment Counsel LLC’s holdings in Affiliated Managers Group were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund grew its position in shares of Affiliated Managers Group by 0.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,147 shares of the asset manager’s stock valued at $1,137,000 after purchasing an additional 55 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Affiliated Managers Group by 79.5% in the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 62 shares during the last quarter. UMB Bank n.a. grew its position in shares of Affiliated Managers Group by 37.1% in the fourth quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 69 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Affiliated Managers Group by 1.9% in the third quarter. OneDigital Investment Advisors LLC now owns 4,712 shares of the asset manager’s stock valued at $838,000 after purchasing an additional 90 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Affiliated Managers Group by 11.8% during the fourth quarter. GAMMA Investing LLC now owns 888 shares of the asset manager’s stock worth $164,000 after buying an additional 94 shares in the last quarter. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMG has been the topic of a number of recent research reports. StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. The Goldman Sachs Group downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. Finally, Barrington Research lifted their target price on Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.40.

Affiliated Managers Group Stock Up 3.0 %

Shares of AMG opened at $163.62 on Friday. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 10.84, a P/E/G ratio of 0.57 and a beta of 1.18. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. Affiliated Managers Group, Inc. has a 12 month low of $147.13 and a 12 month high of $199.52. The company has a 50-day moving average price of $175.70 and a two-hundred day moving average price of $180.31.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, topping analysts’ consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. Equities analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio is 0.26%.

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.