Securian Asset Management Inc. Cuts Stock Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Securian Asset Management Inc. decreased its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,218 shares of the asset manager’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in Affiliated Managers Group were worth $410,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its stake in Affiliated Managers Group by 79.5% during the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock worth $26,000 after purchasing an additional 62 shares during the period. Private Trust Co. NA grew its holdings in shares of Affiliated Managers Group by 131.9% in the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager’s stock valued at $40,000 after purchasing an additional 124 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Affiliated Managers Group during the 3rd quarter worth approximately $46,000. Prospera Private Wealth LLC acquired a new stake in Affiliated Managers Group during the 3rd quarter worth approximately $47,000. Finally, UMB Bank n.a. boosted its position in Affiliated Managers Group by 37.1% in the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager’s stock valued at $47,000 after buying an additional 69 shares during the period. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Affiliated Managers Group Stock Performance

NYSE:AMG opened at $165.32 on Tuesday. The firm has a market capitalization of $4.84 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. The business’s fifty day moving average price is $174.82 and its 200 day moving average price is $180.30. Affiliated Managers Group, Inc. has a 12 month low of $147.13 and a 12 month high of $199.52.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, topping the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. On average, sell-side analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, February 18th. Affiliated Managers Group’s payout ratio is 0.26%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMG. The Goldman Sachs Group lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, Barrington Research lifted their price objective on Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $198.40.

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.