Sepio Capital LP Trims Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Sepio Capital LP cut its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 8.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,465 shares of the asset manager’s stock after selling 633 shares during the period. Sepio Capital LP’s holdings in Affiliated Managers Group were worth $1,196,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Affiliated Managers Group by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 3,211,846 shares of the asset manager’s stock valued at $593,935,000 after purchasing an additional 31,343 shares during the last quarter. Boston Partners increased its stake in shares of Affiliated Managers Group by 46.1% during the 4th quarter. Boston Partners now owns 1,184,130 shares of the asset manager’s stock valued at $218,975,000 after acquiring an additional 373,696 shares during the last quarter. Channing Capital Management LLC lifted its holdings in shares of Affiliated Managers Group by 5.5% during the 4th quarter. Channing Capital Management LLC now owns 514,580 shares of the asset manager’s stock worth $95,156,000 after acquiring an additional 26,654 shares during the period. Norges Bank acquired a new stake in shares of Affiliated Managers Group in the fourth quarter worth approximately $68,683,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Affiliated Managers Group by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager’s stock valued at $61,228,000 after purchasing an additional 2,264 shares during the period. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Analyst Ratings Changes

AMG has been the topic of a number of recent analyst reports. StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Barrington Research lifted their target price on Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Bank of America dropped their price target on Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, The Goldman Sachs Group lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $193.00 to $191.00 in a research note on Monday, January 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. According to MarketBeat.com, Affiliated Managers Group currently has a consensus rating of “Moderate Buy” and an average price target of $197.20.

Affiliated Managers Group Trading Down 6.0 %

NYSE:AMG opened at $148.52 on Monday. Affiliated Managers Group, Inc. has a 12 month low of $146.61 and a 12 month high of $199.52. The business’s 50-day moving average is $170.28 and its two-hundred day moving average is $180.09. 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 firm has a market capitalization of $4.35 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, beating 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%. Research analysts predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a $0.01 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 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.