Affiliated Managers Group, Inc. (NYSE:AMG) Holdings Decreased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. cut its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 17.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 138,425 shares of the asset manager’s stock after selling 28,847 shares during the quarter. Goldman Sachs Group Inc. owned about 0.42% of Affiliated Managers Group worth $20,960,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Quent Capital LLC raised its position in Affiliated Managers Group by 5.4% in the fourth quarter. Quent Capital LLC now owns 1,354 shares of the asset manager’s stock worth $205,000 after acquiring an additional 69 shares in the last quarter. Forte Capital LLC ADV raised its position in Affiliated Managers Group by 4.5% in the fourth quarter. Forte Capital LLC ADV now owns 1,641 shares of the asset manager’s stock worth $248,000 after acquiring an additional 70 shares in the last quarter. Lindbrook Capital LLC raised its position in Affiliated Managers Group by 80.0% in the fourth quarter. Lindbrook Capital LLC now owns 162 shares of the asset manager’s stock worth $25,000 after acquiring an additional 72 shares in the last quarter. M&T Bank Corp raised its position in Affiliated Managers Group by 3.5% in the fourth quarter. M&T Bank Corp now owns 2,184 shares of the asset manager’s stock worth $331,000 after acquiring an additional 74 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Affiliated Managers Group by 17.1% during the 4th quarter. Blue Trust Inc. now owns 617 shares of the asset manager’s stock worth $93,000 after buying an additional 90 shares during the period. 95.30% of the stock is currently owned by institutional investors.

Affiliated Managers Group Price Performance

NYSE:AMG opened at $159.96 on Wednesday. Affiliated Managers Group, Inc. has a fifty-two week low of $120.22 and a fifty-two week high of $169.65. The stock’s 50-day moving average is $157.90 and its two-hundred day moving average is $156.52. The stock has a market cap of $5.10 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 0.51 and a beta of 1.24.

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

Affiliated Managers Group Dividend Announcement

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

Wall Street Analyst Weigh In

AMG has been the topic of several recent analyst reports. Barrington Research restated an “outperform” rating and set a $190.00 price objective on shares of Affiliated Managers Group in a report on Tuesday, May 7th. TD Cowen cut their price objective on Affiliated Managers Group from $218.00 to $198.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th.

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.