Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. reduced its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 6.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,243 shares of the asset manager's stock after selling 4,591 shares during the quarter. Reinhart Partners LLC. owned 0.24% of Affiliated Managers Group worth $11,803,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMG. Oregon Public Employees Retirement Fund increased its position in shares of Affiliated Managers Group by 0.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,147 shares of the asset manager's stock worth $1,137,000 after acquiring an additional 55 shares during the period. Jones Financial Companies Lllp increased 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 worth $26,000 after acquiring an additional 62 shares during the period. Cetera Investment Advisers increased its position in shares of Affiliated Managers Group by 2.5% during the fourth quarter. Cetera Investment Advisers now owns 2,898 shares of the asset manager's stock worth $536,000 after acquiring an additional 70 shares during the period. Parallel Advisors LLC increased its position in shares of Affiliated Managers Group by 6.8% during the first quarter. Parallel Advisors LLC now owns 1,170 shares of the asset manager's stock worth $197,000 after acquiring an additional 75 shares during the period. Finally, Versant Capital Management Inc increased its position in shares of Affiliated Managers Group by 70.8% during the first quarter. Versant Capital Management Inc now owns 181 shares of the asset manager's stock worth $30,000 after acquiring an additional 75 shares during the period. 95.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMG has been the topic of a number of research reports. Barrington Research reduced their target price on shares of 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. Wall Street Zen raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. TD Cowen cut their price objective on shares of Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Cowen reissued a "hold" rating on shares of Affiliated Managers Group in a report on Wednesday, May 14th. Finally, Bank of America cut their price objective on shares of Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Affiliated Managers Group has a consensus rating of "Hold" and an average target price of $192.40.

Affiliated Managers Group Stock Up 0.1%

AMG traded up $0.25 during trading on Tuesday, hitting $183.10. The stock had a trading volume of 110,167 shares, compared to its average volume of 231,567. The company has a market capitalization of $5.21 billion, a PE ratio of 12.13, a PEG ratio of 0.57 and a beta of 1.08. 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 stock has a 50 day simple moving average of $169.18 and a two-hundred day simple moving average of $174.79.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its earnings results on Thursday, May 8th. The asset manager reported $5.20 earnings per share for the quarter, beating the consensus estimate of $5.10 by $0.10. The company had revenue of $496.60 million during the quarter, compared to the consensus estimate of $508.00 million. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. During the same period last year, the firm earned $5.37 earnings per share. On average, research analysts predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were paid a $0.01 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.04 annualized dividend and a yield of 0.02%. Affiliated Managers Group's dividend payout ratio (DPR) is 0.30%.

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.