Kiltearn Partners LLP Sells 83,700 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Kiltearn Partners LLP decreased its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 18.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 380,814 shares of the asset manager's stock after selling 83,700 shares during the quarter. Affiliated Managers Group comprises about 11.6% of Kiltearn Partners LLP's portfolio, making the stock its biggest holding. Kiltearn Partners LLP owned approximately 1.26% of Affiliated Managers Group worth $70,420,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Affiliated Managers Group by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 3,211,846 shares of the asset manager's stock valued at $593,935,000 after buying an additional 31,343 shares in the last quarter. Boston Partners grew its holdings in shares of Affiliated Managers Group by 46.1% in the fourth quarter. Boston Partners now owns 1,184,130 shares of the asset manager's stock valued at $218,975,000 after purchasing an additional 373,696 shares during the period. Channing Capital Management LLC grew its holdings in shares of Affiliated Managers Group by 5.5% in the fourth quarter. Channing Capital Management LLC now owns 514,580 shares of the asset manager's stock valued at $95,156,000 after purchasing an additional 26,654 shares during the period. Norges Bank acquired a new stake in Affiliated Managers Group during the fourth quarter worth about $68,683,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Affiliated Managers Group by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager's stock worth $61,228,000 after purchasing an additional 2,264 shares during the period. 95.30% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

AMG has been the subject of several analyst reports. The Goldman Sachs Group cut shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and dropped their price target for the company from $193.00 to $191.00 in a research note on Monday, January 6th. Barrington Research increased their price objective on Affiliated Managers Group from $200.00 to $215.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Finally, StockNews.com upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Three equities 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 company currently has an average rating of "Moderate Buy" and a consensus price target of $198.40.

Affiliated Managers Group Trading Up 1.1 %

Shares of AMG stock traded up $1.81 during trading hours on Tuesday, hitting $169.84. The company had a trading volume of 27,299 shares, compared to its average volume of 236,256. 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 stock has a market capitalization of $4.97 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. The company's fifty day moving average is $172.27 and its 200 day moving average is $180.41. Affiliated Managers Group, Inc. has a fifty-two week low of $147.13 and a fifty-two week high of $199.52.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, topping analysts' consensus estimates 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 expect that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, February 18th. Affiliated Managers Group's dividend payout ratio (DPR) is 0.26%.

Affiliated Managers Group 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.