Clarkston Capital Partners LLC Has $290.73 Million Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Clarkston Capital Partners LLC lowered its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,572,189 shares of the asset manager's stock after selling 203,063 shares during the period. Affiliated Managers Group makes up approximately 5.6% of Clarkston Capital Partners LLC's portfolio, making the stock its 3rd biggest holding. Clarkston Capital Partners LLC owned approximately 5.20% of Affiliated Managers Group worth $290,729,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Boston Partners increased its position in Affiliated Managers Group by 46.1% during the 4th quarter. Boston Partners now owns 1,184,130 shares of the asset manager's stock worth $218,975,000 after purchasing an additional 373,696 shares in the last quarter. Norges Bank acquired a new stake in shares of Affiliated Managers Group in the fourth quarter worth $68,683,000. Empirical Asset Management LLC raised its stake in shares of Affiliated Managers Group by 10,522.8% in the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager's stock valued at $347,000 after acquiring an additional 188,568 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Affiliated Managers Group during the 4th quarter valued at $28,818,000. Finally, Fisher Asset Management LLC boosted its position in Affiliated Managers Group by 84.3% during the 4th quarter. Fisher Asset Management LLC now owns 156,210 shares of the asset manager's stock worth $28,886,000 after purchasing an additional 71,458 shares during the period. Institutional investors and hedge funds own 95.30% of the company's stock.

Affiliated Managers Group Stock Up 1.4 %

AMG stock traded up $2.20 during midday trading on Friday, hitting $155.73. 85,611 shares of the company's stock were exchanged, compared to its average volume of 237,568. The firm has a 50 day moving average price of $165.92 and a 200-day moving average price of $178.92. Affiliated Managers Group, Inc. has a 12-month low of $139.22 and a 12-month high of $199.52. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, topping analysts' consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. On average, analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 EPS for the current 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 paid a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. Affiliated Managers Group's dividend payout ratio (DPR) is presently 0.26%.

Analysts Set New Price Targets

AMG has been the topic of several research reports. Barrington Research cut their price objective on Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating on the stock in a research report on Tuesday. The Goldman Sachs Group downgraded Affiliated Managers Group from a "buy" rating to a "neutral" rating and dropped their target price for the company from $193.00 to $191.00 in a report on Monday, January 6th. TD Cowen reduced their price target on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a research report on Wednesday. StockNews.com raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Finally, Bank of America reduced their target price on shares of Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Affiliated Managers Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $192.40.

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.