Natixis Advisors L.P. Cuts Holdings in Affiliated Managers Group, Inc. (AMG)

Natixis Advisors L.P. reduced its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 21.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,127 shares of the asset manager’s stock after selling 7,988 shares during the quarter. Natixis Advisors L.P.’s holdings in Affiliated Managers Group were worth $2,838,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Credit Suisse AG boosted its position in shares of Affiliated Managers Group by 148.6% in the 3rd quarter. Credit Suisse AG now owns 281,610 shares of the asset manager’s stock worth $38,502,000 after purchasing an additional 168,312 shares in the last quarter. Royce & Associates LP increased its stake in shares of Affiliated Managers Group by 32.8% in the 3rd quarter. Royce & Associates LP now owns 28,800 shares of the asset manager’s stock worth $3,938,000 after purchasing an additional 7,112 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Affiliated Managers Group by 38.0% in the 4th quarter. Prudential Financial Inc. now owns 148,218 shares of the asset manager’s stock worth $14,442,000 after purchasing an additional 40,803 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Affiliated Managers Group in the 3rd quarter worth $4,375,000. Finally, PEAK6 Investments LLC purchased a new stake in shares of Affiliated Managers Group in the 3rd quarter worth $1,104,000. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:AMG opened at $110.30 on Wednesday. The firm has a market capitalization of $5.81 billion, a PE ratio of 7.61, a P/E/G ratio of 0.69 and a beta of 1.49. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.25. Affiliated Managers Group, Inc. has a one year low of $88.46 and a one year high of $194.90.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Monday, February 4th. The asset manager reported $3.53 EPS for the quarter, beating the consensus estimate of $3.51 by $0.02. Affiliated Managers Group had a net margin of 10.24% and a return on equity of 18.11%. The business had revenue of $564.40 million during the quarter, compared to the consensus estimate of $568.99 million. During the same quarter in the prior year, the firm earned $4.68 EPS. The business’s revenue was down 6.6% on a year-over-year basis. Sell-side analysts expect that Affiliated Managers Group, Inc. will post 14.18 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 14th were issued a $0.32 dividend. This is an increase from Affiliated Managers Group’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, February 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.16%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 8.83%.

In related news, Director Tracy P. Palandjian sold 1,694 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $110.64, for a total value of $187,424.16. Following the completion of the transaction, the director now owns 4,291 shares of the company’s stock, valued at approximately $474,756.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by company insiders.

Several research firms have recently commented on AMG. Deutsche Bank lowered Affiliated Managers Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $158.00 to $106.00 in a research note on Thursday, January 10th. Zacks Investment Research upgraded Affiliated Managers Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. ValuEngine upgraded Affiliated Managers Group from a “strong sell” rating to a “sell” rating in a research note on Friday, March 15th. Citigroup lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating in a research note on Monday, January 14th. Finally, Jefferies Financial Group lowered Affiliated Managers Group from a “buy” rating to a “hold” rating and set a $109.87 price objective for the company. in a research note on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $132.12.

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Affiliated Managers Group Profile

Affiliated Managers Group, Inc, through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.

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Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

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