Fuller & Thaler Asset Management Inc. Cuts Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Fuller & Thaler Asset Management Inc. decreased its holdings in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 0.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 554,109 shares of the asset manager's stock after selling 4,106 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 1.83% of Affiliated Managers Group worth $102,466,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Pinebridge Investments L.P. raised its stake in shares of Affiliated Managers Group by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 12,857 shares of the asset manager's stock worth $2,378,000 after buying an additional 3,846 shares during the period. Price T Rowe Associates Inc. MD raised its position in Affiliated Managers Group by 186.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 227,296 shares of the asset manager's stock worth $42,033,000 after acquiring an additional 148,079 shares during the period. OneDigital Investment Advisors LLC raised its position in Affiliated Managers Group by 6.2% during the fourth quarter. OneDigital Investment Advisors LLC now owns 5,002 shares of the asset manager's stock worth $925,000 after acquiring an additional 290 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Affiliated Managers Group by 71.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,400 shares of the asset manager's stock valued at $444,000 after purchasing an additional 1,002 shares during the period. Finally, MetLife Investment Management LLC grew its position in shares of Affiliated Managers Group by 10.3% in the fourth quarter. MetLife Investment Management LLC now owns 17,022 shares of the asset manager's stock valued at $3,148,000 after purchasing an additional 1,586 shares during the period. Hedge funds and other institutional investors own 95.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AMG shares. The Goldman Sachs Group lowered shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and decreased their price target for the company from $193.00 to $191.00 in a research note on Monday, January 6th. StockNews.com upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. TD Cowen dropped their price target on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Bank of America dropped their target price on shares of Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Finally, Barrington Research decreased their price target on shares of Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $192.40.

Affiliated Managers Group Price Performance

Affiliated Managers Group stock opened at $158.45 on Wednesday. The company has a 50-day moving average price of $162.81 and a 200 day moving average price of $177.76. Affiliated Managers Group, Inc. has a 12-month low of $139.22 and a 12-month high of $199.52. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. The stock has a market cap of $4.56 billion, a P/E ratio of 10.49, a PEG ratio of 0.57 and a beta of 1.09.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 EPS for the quarter, beating 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%. Sell-side analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were issued a $0.01 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.04 annualized dividend and a yield of 0.03%. Affiliated Managers Group's dividend payout ratio (DPR) is currently 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.

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