Kathmere Capital Management LLC Trims Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Kathmere Capital Management LLC decreased its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 41.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,535 shares of the asset manager’s stock after selling 2,467 shares during the quarter. Kathmere Capital Management LLC’s holdings in Affiliated Managers Group were worth $654,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. World Investment Advisors LLC purchased a new position in shares of Affiliated Managers Group in the third quarter valued at about $2,592,000. Asset Management One Co. Ltd. lifted its holdings in Affiliated Managers Group by 94.3% in the 3rd 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 boosted its stake in Affiliated Managers Group by 178.9% in the 2nd 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 purchased a new stake in Affiliated Managers Group during the 3rd quarter valued at approximately $543,000. Finally, Weiss Asset Management LP bought a new stake in shares of Affiliated Managers Group during the third quarter valued at approximately $2,130,000. Institutional investors own 95.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AMG shares. TD Cowen cut 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. Deutsche Bank Aktiengesellschaft lifted their target price on Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $193.00 to $191.00 in a research note on Monday, January 6th. Finally, Barrington Research cut their price target 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. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $195.40.

Affiliated Managers Group Trading Up 2.8 %

Shares of NYSE:AMG opened at $187.08 on Thursday. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.69 and a beta of 1.15. Affiliated Managers Group, Inc. has a 12 month low of $145.36 and a 12 month high of $199.52. The company has a 50-day moving average price of $185.28 and a 200 day moving average price of $178.55.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.84 by ($0.02). The company had revenue of $525.20 million during the quarter, compared to the consensus estimate of $521.87 million. Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. Affiliated Managers Group’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $4.08 earnings per share. As a group, equities analysts forecast that Affiliated Managers Group, Inc. will post 20.91 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were given 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 Thursday, November 14th. Affiliated Managers Group’s dividend payout ratio (DPR) 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.