Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. reduced its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 554,109 shares of the asset manager's stock after selling 4,106 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 1.83% of Affiliated Managers Group worth $102,466,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AMG. Barclays PLC lifted its position in Affiliated Managers Group by 261.0% during the 3rd quarter. Barclays PLC now owns 76,488 shares of the asset manager's stock worth $13,600,000 after acquiring an additional 55,302 shares during the period. SkyView Investment Advisors LLC boosted its holdings in shares of Affiliated Managers Group by 2.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 5,818 shares of the asset manager's stock valued at $1,034,000 after acquiring an additional 137 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Affiliated Managers Group in the third quarter worth $2,592,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Affiliated Managers Group during the third quarter worth $46,000. Finally, Franklin Resources Inc. lifted 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 valued at $19,363,000 after purchasing an additional 15,746 shares during the period. 95.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AMG shares. StockNews.com upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. TD Cowen decreased their price target on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. The Goldman Sachs Group cut shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. Bank of America decreased their target price on shares of 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. Finally, Barrington Research dropped their price target 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $192.40.

Affiliated Managers Group Price Performance

NYSE AMG traded down $0.37 on Monday, hitting $162.16. The company had a trading volume of 52,890 shares, compared to its average volume of 234,926. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. The company's fifty day moving average price is $162.28 and its 200-day moving average price is $177.30. The company has a market capitalization of $4.67 billion, a PE ratio of 10.74, a PEG ratio of 0.57 and a beta of 1.09. Affiliated Managers Group, Inc. has a 12-month low of $139.22 and a 12-month high of $199.52.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, beating 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 predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

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