Great Lakes Advisors LLC Decreases Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Great Lakes Advisors LLC trimmed its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,987 shares of the asset manager's stock after selling 3,815 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.36% of Affiliated Managers Group worth $20,339,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. World Investment Advisors LLC acquired a new stake in shares of Affiliated Managers Group in the 3rd quarter valued at $2,592,000. Kovitz Investment Group Partners LLC acquired a new stake in shares of Affiliated Managers Group in the 3rd quarter valued at $543,000. Empirical Asset Management LLC raised its holdings 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 purchasing an additional 188,568 shares in the last quarter. Weiss Asset Management LP acquired a new stake in shares of Affiliated Managers Group in the 3rd quarter valued at $2,130,000. Finally, Nicola Wealth Management LTD. acquired a new stake in shares of Affiliated Managers Group in the 4th quarter valued at $2,959,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on AMG shares. Barrington Research lifted their price target on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. The Goldman Sachs Group lowered shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and cut their price target for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. Finally, StockNews.com upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $198.40.

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Affiliated Managers Group Stock Performance

Affiliated Managers Group stock traded down $3.01 during midday trading on Thursday, hitting $158.60. 297,117 shares of the company's stock were exchanged, compared to its average volume of 229,857. Affiliated Managers Group, Inc. has a 12-month low of $147.13 and a 12-month high of $199.52. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 10.50, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. The firm's 50 day simple moving average is $176.27 and its 200 day simple moving average is $180.46.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. Equities research analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The company 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 0.03%. The ex-dividend date was Tuesday, February 18th. Affiliated Managers Group's payout ratio is 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.