Affiliated Managers Group, Inc. (NYSE:AMG) Stake Trimmed by Bridgewater Associates LP

Bridgewater Associates LP lowered its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,885 shares of the asset manager's stock after selling 9,441 shares during the quarter. Bridgewater Associates LP owned 0.23% of Affiliated Managers Group worth $12,923,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC increased its position in Affiliated Managers Group by 261.0% during the third quarter. Barclays PLC now owns 76,488 shares of the asset manager's stock worth $13,600,000 after buying an additional 55,302 shares in the last quarter. SkyView Investment Advisors LLC grew its holdings in shares of Affiliated Managers Group by 2.4% during the third quarter. SkyView Investment Advisors LLC now owns 5,818 shares of the asset manager's stock worth $1,034,000 after buying an additional 137 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of Affiliated Managers Group in the third quarter valued at approximately $2,592,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Affiliated Managers Group during the third quarter valued at approximately $46,000. Finally, Franklin Resources Inc. boosted its position in Affiliated Managers Group by 18.3% during the third quarter. Franklin Resources Inc. now owns 101,913 shares of the asset manager's stock worth $19,363,000 after acquiring an additional 15,746 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company's stock.

Analyst Upgrades and Downgrades

AMG has been the subject of several analyst reports. TD Cowen dropped their target price on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Barrington Research lowered their target price on shares of 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 raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Bank of America reduced their price objective on Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Finally, The Goldman Sachs Group lowered shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and cut their price target for the company from $193.00 to $191.00 in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $192.40.

Affiliated Managers Group Stock Up 3.0 %

NYSE AMG traded up $4.58 on Tuesday, hitting $158.01. 23,352 shares of the stock traded hands, compared to its average volume of 235,332. The company has a market capitalization of $4.55 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The stock has a 50-day moving average of $163.01 and a 200 day moving average of $177.90. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. Affiliated Managers Group, Inc. has a twelve month low of $139.22 and a twelve month high of $199.52.

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

Affiliated Managers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a $0.01 dividend. This represents a $0.04 annualized dividend 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%.

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.