Affiliated Managers Group, Inc. (NYSE:AMG) Stock Holdings Lowered by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in Affiliated Managers Group, Inc. (NYSE:AMGGet Rating) by 38.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,196 shares of the asset manager’s stock after selling 2,005 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Affiliated Managers Group were worth $373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMG. Parallel Advisors LLC raised its holdings in shares of Affiliated Managers Group by 86.8% in the 2nd quarter. Parallel Advisors LLC now owns 241 shares of the asset manager’s stock worth $28,000 after purchasing an additional 112 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Affiliated Managers Group by 57.7% in the 2nd quarter. Fifth Third Bancorp now owns 257 shares of the asset manager’s stock worth $30,000 after purchasing an additional 94 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Affiliated Managers Group in the 2nd quarter worth approximately $38,000. Lazard Asset Management LLC raised its holdings in shares of Affiliated Managers Group by 76.3% during the first quarter. Lazard Asset Management LLC now owns 275 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 119 shares during the period. Finally, CX Institutional acquired a new stake in shares of Affiliated Managers Group during the second quarter valued at approximately $47,000. 96.62% of the stock is currently owned by institutional investors.

Affiliated Managers Group Stock Performance

Affiliated Managers Group stock opened at $156.84 on Wednesday. The firm has a market cap of $5.91 billion, a PE ratio of 11.98, a P/E/G ratio of 0.98 and a beta of 1.28. The firm’s 50 day moving average price is $127.36 and its two-hundred day moving average price is $126.62. Affiliated Managers Group, Inc. has a twelve month low of $108.12 and a twelve month high of $178.10.

Affiliated Managers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 17th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $0.04 annualized dividend and a yield of 0.03%. Affiliated Managers Group’s dividend payout ratio is presently 0.31%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMG. Barrington Research boosted their price target on shares of Affiliated Managers Group from $145.00 to $155.00 in a report on Monday, November 7th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Affiliated Managers Group from $161.00 to $171.00 and gave the company a “buy” rating in a report on Tuesday, November 15th. StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Tuesday, November 8th. The Goldman Sachs Group began coverage on shares of Affiliated Managers Group in a report on Monday. They set a “buy” rating and a $182.00 price target on the stock. Finally, Credit Suisse Group boosted their price target on shares of Affiliated Managers Group from $140.00 to $163.50 and gave the company an “outperform” rating in a report on Tuesday, November 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Affiliated Managers Group currently has an average rating of “Moderate Buy” and an average price target of $175.64.

About Affiliated Managers Group

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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.

Further Reading

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

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