Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 761,198 shares of the asset manager's stock after selling 20,853 shares during the quarter. Dimensional Fund Advisors LP owned 2.52% of Affiliated Managers Group worth $140,763,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. World Investment Advisors LLC purchased a new position in Affiliated Managers Group in the 3rd quarter valued at approximately $2,592,000. Charles Schwab Investment Management Inc. boosted its holdings in Affiliated Managers Group by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager's stock valued at $61,228,000 after purchasing an additional 2,264 shares during the period. Empirical Asset Management LLC boosted its holdings in Affiliated Managers Group by 10,522.8% in the fourth 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 during the period. Dodge & Cox acquired a new position in Affiliated Managers Group during the 4th quarter worth $1,202,000. Finally, Victory Capital Management Inc. increased its holdings in Affiliated Managers Group by 4.8% during the 4th quarter. Victory Capital Management Inc. now owns 118,627 shares of the asset manager's stock worth $21,937,000 after purchasing an additional 5,436 shares during the period. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AMG shares. The Goldman Sachs Group downgraded 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 report on Monday, January 6th. Bank of America cut their price target on Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Barrington Research cut their price target on Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. TD Cowen cut their price target on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Finally, StockNews.com upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $192.40.

Affiliated Managers Group Stock Up 1.3 %

Shares of NYSE:AMG traded up $2.10 on Tuesday, hitting $165.26. 140,763 shares of the company's stock were exchanged, compared to its average volume of 235,172. The firm's 50-day moving average is $162.15 and its 200 day moving average is $177.12. The company has a market capitalization of $4.76 billion, a PE ratio of 10.94, a P/E/G ratio of 0.57 and a beta of 1.09. Affiliated Managers Group, Inc. has a 1-year low of $139.22 and a 1-year 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.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released 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 return on equity of 16.17% and a net margin of 25.06%. Sell-side analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given 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 0.02%. Affiliated Managers Group's dividend payout ratio (DPR) is presently 0.26%.

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.