Fisher Asset Management LLC Sells 5,787 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Fisher Asset Management LLC trimmed its holdings in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 8.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,337 shares of the asset manager's stock after selling 5,787 shares during the quarter. Fisher Asset Management LLC owned about 0.18% of Affiliated Managers Group worth $9,439,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AMG. Lindbrook Capital LLC raised its position in Affiliated Managers Group by 80.0% in the fourth quarter. Lindbrook Capital LLC now owns 162 shares of the asset manager's stock worth $25,000 after acquiring an additional 72 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Affiliated Managers Group in the fourth quarter worth about $62,000. Blue Trust Inc. boosted its stake in Affiliated Managers Group by 17.1% in the 4th quarter. Blue Trust Inc. now owns 617 shares of the asset manager's stock worth $93,000 after purchasing an additional 90 shares during the period. Signaturefd LLC grew its holdings in shares of Affiliated Managers Group by 97.1% during the fourth quarter. Signaturefd LLC now owns 873 shares of the asset manager's stock valued at $132,000 after buying an additional 430 shares in the last quarter. Finally, Integrated Investment Consultants LLC acquired a new stake in shares of Affiliated Managers Group during the fourth quarter worth approximately $204,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Performance

Shares of NYSE:AMG traded down $1.68 on Tuesday, hitting $155.55. The stock had a trading volume of 510,382 shares, compared to its average volume of 247,709. The firm's 50 day moving average price is $161.53 and its 200-day moving average price is $149.78. Affiliated Managers Group, Inc. has a twelve month low of $120.22 and a twelve month high of $169.65. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 9.09, a price-to-earnings-growth ratio of 0.56 and a beta of 1.31.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its earnings results on Monday, May 6th. The asset manager reported $5.37 earnings per share for the quarter, topping analysts' consensus estimates of $5.21 by $0.16. The company had revenue of $499.90 million during the quarter, compared to the consensus estimate of $524.53 million. Affiliated Managers Group had a return on equity of 16.29% and a net margin of 32.71%. During the same quarter in the previous year, the company posted $4.18 earnings per share. As a group, sell-side analysts predict that Affiliated Managers Group, Inc. will post 22.03 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Wednesday, May 15th. Affiliated Managers Group's dividend payout ratio (DPR) is 0.23%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barrington Research reissued an "outperform" rating and issued a $190.00 price target on shares of Affiliated Managers Group in a research note on Tuesday. TD Cowen lowered their price objective on shares of Affiliated Managers Group from $218.00 to $198.00 and set a "buy" rating on the stock in a research note on Tuesday.

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.