Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Fmr LLC

FMR LLC decreased its holdings in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 57.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 227,501 shares of the asset manager's stock after selling 311,618 shares during the quarter. FMR LLC owned about 0.76% of Affiliated Managers Group worth $40,450,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ariel Investments LLC increased its stake in Affiliated Managers Group by 8.7% in the 2nd quarter. Ariel Investments LLC now owns 1,442,817 shares of the asset manager's stock valued at $225,411,000 after buying an additional 115,808 shares during the period. Victory Capital Management Inc. increased its stake in Affiliated Managers Group by 150.1% in the 2nd quarter. Victory Capital Management Inc. now owns 99,407 shares of the asset manager's stock valued at $15,530,000 after buying an additional 59,659 shares during the period. Bank of Montreal Can increased its stake in Affiliated Managers Group by 328.2% in the 3rd quarter. Bank of Montreal Can now owns 70,457 shares of the asset manager's stock valued at $12,420,000 after buying an additional 54,003 shares during the period. Los Angeles Capital Management LLC increased its stake in Affiliated Managers Group by 70.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 100,072 shares of the asset manager's stock valued at $17,793,000 after buying an additional 41,413 shares during the period. Finally, Algert Global LLC increased its stake in Affiliated Managers Group by 74.8% in the 2nd quarter. Algert Global LLC now owns 89,254 shares of the asset manager's stock valued at $13,944,000 after buying an additional 38,206 shares during the period. Hedge funds and other institutional investors own 95.30% of the company's stock.

Analysts Set New Price Targets

AMG has been the topic of several recent research reports. Barrington Research dropped their price objective on shares of Affiliated Managers Group from $210.00 to $200.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. TD Cowen cut shares of Affiliated Managers Group from a "buy" rating to a "hold" rating and dropped their price objective for the company from $226.00 to $177.00 in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Affiliated Managers Group currently has an average rating of "Hold" and a consensus price target of $196.50.

Affiliated Managers Group Trading Up 0.3 %

Shares of NYSE:AMG traded up $0.49 on Monday, reaching $184.91. 165,231 shares of the company were exchanged, compared to its average volume of 234,881. Affiliated Managers Group, Inc. has a 1-year low of $138.85 and a 1-year high of $199.52. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 0.67 and a beta of 1.15. The company has a 50-day moving average of $186.80 and a 200-day moving average of $173.24.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 EPS for the quarter, missing analysts' consensus estimates of $4.84 by ($0.02). The business had revenue of $525.20 million during the quarter, compared to analyst estimates of $521.87 million. Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. Affiliated Managers Group's revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $4.08 earnings per share. As a group, analysts forecast that Affiliated Managers Group, Inc. will post 20.91 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. Affiliated Managers Group's dividend payout ratio (DPR) 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.