Affiliated Managers Group, Inc. (NYSE:AMG) Holdings Lessened by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC reduced its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 11.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,572,189 shares of the asset manager’s stock after selling 203,063 shares during the period. Affiliated Managers Group accounts for about 5.6% of Clarkston Capital Partners LLC’s holdings, making the stock its 3rd biggest holding. Clarkston Capital Partners LLC owned 5.20% of Affiliated Managers Group worth $290,729,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Boston Partners grew its position in shares of Affiliated Managers Group by 46.1% during the fourth quarter. Boston Partners now owns 1,184,130 shares of the asset manager’s stock worth $218,975,000 after acquiring an additional 373,696 shares during the last quarter. Norges Bank acquired a new stake in Affiliated Managers Group during the 4th quarter worth $68,683,000. Empirical Asset Management LLC grew its position in Affiliated Managers Group by 10,522.8% during the 4th quarter. Empirical Asset Management LLC now owns 190,360 shares of the asset manager’s stock worth $347,000 after purchasing an additional 188,568 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Affiliated Managers Group during the 4th quarter worth $28,818,000. Finally, Fisher Asset Management LLC increased its stake in Affiliated Managers Group by 84.3% in the fourth quarter. Fisher Asset Management LLC now owns 156,210 shares of the asset manager’s stock valued at $28,886,000 after purchasing an additional 71,458 shares during the period. 95.30% of the stock is owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Performance

Shares of AMG stock opened at $148.52 on Friday. 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 50 day simple moving average of $170.28 and a 200-day simple moving average of $180.06. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. Affiliated Managers Group, Inc. has a 12-month low of $146.61 and a 12-month high of $199.52.

Affiliated Managers Group (NYSE:AMG) 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%. On average, equities analysts forecast that Affiliated Managers Group, Inc. will post 22.86 EPS 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 dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend was Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio is currently 0.26%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AMG. The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock 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. Bank of America dropped their target price on Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.20.

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.