Dimensional Fund Advisors LP Lowers Stake in Affiliated Managers Group, Inc. (NYSE:AMG)

Dimensional Fund Advisors LP lowered its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 761,198 shares of the asset manager's stock after selling 20,853 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.52% of Affiliated Managers Group worth $140,763,000 at the end of the most recent reporting period.

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

Affiliated Managers Group Trading Up 1.0 %

Shares of NYSE AMG traded up $1.70 during midday trading on Thursday, hitting $167.33. The company's stock had a trading volume of 41,303 shares, compared to its average volume of 234,351. 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 firm has a market cap of $4.82 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The business's 50 day moving average is $162.08 and its two-hundred day moving average is $176.96.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (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%. As a group, equities research analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Tuesday, February 18th. Affiliated Managers Group's dividend payout ratio (DPR) is presently 0.26%.

Analyst Upgrades and Downgrades

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

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.