Reinhart Partners LLC. Has $13.84 Million Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Reinhart Partners LLC. decreased its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 16.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,834 shares of the asset manager's stock after selling 14,740 shares during the quarter. Reinhart Partners LLC. owned about 0.25% of Affiliated Managers Group worth $13,838,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Daiwa Securities Group Inc. bought a new stake in shares of Affiliated Managers Group during the 2nd quarter valued at $47,000. Envestnet Asset Management Inc. grew its stake in shares of Affiliated Managers Group by 9.8% during the second quarter. Envestnet Asset Management Inc. now owns 39,364 shares of the asset manager's stock worth $6,150,000 after purchasing an additional 3,518 shares during the period. Brown Brothers Harriman & Co. increased its holdings in Affiliated Managers Group by 3.3% in the second quarter. Brown Brothers Harriman & Co. now owns 4,650 shares of the asset manager's stock valued at $726,000 after purchasing an additional 150 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Affiliated Managers Group by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 826,123 shares of the asset manager's stock valued at $129,065,000 after acquiring an additional 30,059 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Affiliated Managers Group by 59.1% during the 2nd quarter. Renaissance Technologies LLC now owns 90,200 shares of the asset manager's stock worth $14,092,000 after acquiring an additional 33,500 shares during the last quarter. 95.30% of the stock is owned by institutional investors.

Affiliated Managers Group Trading Up 0.8 %

Shares of NYSE AMG traded up $1.46 during midday trading on Monday, reaching $178.33. The company's stock had a trading volume of 281,248 shares, compared to its average volume of 227,921. Affiliated Managers Group, Inc. has a fifty-two week low of $145.36 and a fifty-two week high of $199.52. The stock has a 50 day simple moving average of $185.16 and a 200-day simple moving average of $178.15. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 0.69 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $521.87 million. Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. The company's quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.08 earnings per share. As a group, equities analysts anticipate that Affiliated Managers Group, Inc. will post 20.91 EPS for the current year.

Affiliated Managers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th 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 Thursday, November 14th. Affiliated Managers Group's payout ratio is currently 0.26%.

Wall Street Analyst Weigh In

Several research firms have weighed in on AMG. Deutsche Bank Aktiengesellschaft increased their target price on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a "buy" rating in a report on Monday, November 11th. The Goldman Sachs Group cut Affiliated Managers Group from a "buy" rating to a "neutral" rating and decreased their target price for the company from $193.00 to $191.00 in a research note on Monday, January 6th. TD Cowen cut Affiliated Managers Group from a "buy" rating to a "hold" rating and cut their price objective for the company from $226.00 to $177.00 in a report on Tuesday, November 5th. Finally, Barrington Research cut 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 report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Affiliated Managers Group currently has an average rating of "Hold" and an average price target of $195.40.

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.