Healthcare of Ontario Pension Plan Trust Fund Sells 24,700 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 95.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,300 shares of the asset manager’s stock after selling 24,700 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Affiliated Managers Group were worth $231,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of AMG. Glenmede Trust Co. NA boosted its holdings in Affiliated Managers Group by 42.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,149 shares of the asset manager’s stock worth $382,000 after buying an additional 637 shares during the period. Bridgewater Associates LP boosted its holdings in shares of Affiliated Managers Group by 25.3% in the third quarter. Bridgewater Associates LP now owns 79,326 shares of the asset manager’s stock worth $14,104,000 after acquiring an additional 16,001 shares during the period. Townsquare Capital LLC purchased a new position in shares of Affiliated Managers Group in the third quarter valued at $218,000. Goodman Financial Corp bought a new stake in shares of Affiliated Managers Group during the 3rd quarter valued at $14,035,000. Finally, Brooklyn Investment Group purchased a new stake in Affiliated Managers Group during the 3rd quarter worth about $49,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Price Performance

Shares of AMG opened at $185.41 on Tuesday. The firm has a market cap of $5.60 billion, a P/E ratio of 12.09, a P/E/G ratio of 0.69 and a beta of 1.18. Affiliated Managers Group, Inc. has a 1 year low of $135.22 and a 1 year high of $199.52. The stock has a 50 day simple moving average of $185.98 and a two-hundred day simple moving average of $172.30.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Monday, November 4th. The asset manager reported $4.82 EPS for the quarter, missing analysts’ consensus estimates of $4.84 by ($0.02). The business had revenue of $525.20 million during the quarter, compared to analysts’ expectations of $521.87 million. Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. Affiliated Managers Group’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.08 EPS. On average, equities analysts anticipate that Affiliated Managers Group, Inc. will post 20.91 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

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

Wall Street Analyst Weigh In

AMG has been the topic of a number of analyst reports. Barrington Research decreased their target price on shares of Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a report 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 stock from $226.00 to $177.00 in a research report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $196.50.

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.