Martingale Asset Management L P Has $3.27 Million Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Martingale Asset Management L P trimmed its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 41.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,684 shares of the asset manager's stock after selling 12,306 shares during the period. Martingale Asset Management L P owned about 0.06% of Affiliated Managers Group worth $3,270,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp increased its position in shares of Affiliated Managers Group by 79.5% in the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock worth $26,000 after acquiring an additional 62 shares in the last quarter. Private Trust Co. NA boosted its position in Affiliated Managers Group by 131.9% during the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager's stock worth $40,000 after acquiring an additional 124 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Affiliated Managers Group during the 3rd quarter valued at about $46,000. UMB Bank n.a. increased its holdings in shares of Affiliated Managers Group by 37.1% in the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager's stock valued at $47,000 after purchasing an additional 69 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Affiliated Managers Group in the fourth quarter worth approximately $70,000. Institutional investors and hedge funds own 95.30% of the company's stock.

Analyst Upgrades and Downgrades

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

Affiliated Managers Group Price Performance

AMG traded up $1.67 during midday trading on Tuesday, hitting $160.19. The company had a trading volume of 33,640 shares, compared to its average volume of 237,383. Affiliated Managers Group, Inc. has a twelve month low of $139.22 and a twelve month 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. The firm's 50-day simple moving average is $164.96 and its 200-day simple moving average is $178.69. The company has a market capitalization of $4.69 billion, a PE ratio of 10.61, a P/E/G ratio of 0.57 and a beta of 1.09.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. Equities research analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

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. The ex-dividend date 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 payout ratio is 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.