Fisher Asset Management LLC Sells 5,204 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Fisher Asset Management LLC reduced its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 7.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 62,920 shares of the asset manager’s stock after selling 5,204 shares during the period. Fisher Asset Management LLC owned about 0.19% of Affiliated Managers Group worth $9,527,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Morgan Stanley increased its holdings in Affiliated Managers Group by 1.7% during the 3rd quarter. Morgan Stanley now owns 2,474,577 shares of the asset manager’s stock worth $322,537,000 after purchasing an additional 41,120 shares in the last quarter. Ariel Investments LLC increased its holdings in Affiliated Managers Group by 11.3% during the 3rd quarter. Ariel Investments LLC now owns 1,188,146 shares of the asset manager’s stock worth $154,863,000 after purchasing an additional 120,977 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Affiliated Managers Group by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 771,104 shares of the asset manager’s stock worth $116,764,000 after purchasing an additional 6,265 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Affiliated Managers Group by 22.2% in the fourth quarter. Allianz Asset Management GmbH now owns 511,958 shares of the asset manager’s stock valued at $77,521,000 after acquiring an additional 92,913 shares in the last quarter. Finally, Channing Capital Management LLC grew its holdings in shares of Affiliated Managers Group by 688.9% in the fourth quarter. Channing Capital Management LLC now owns 474,542 shares of the asset manager’s stock valued at $71,855,000 after acquiring an additional 414,389 shares in the last quarter. 95.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMG. Barrington Research reaffirmed an “outperform” rating and issued a $190.00 target price on shares of Affiliated Managers Group in a report on Tuesday, May 7th. TD Cowen reduced their target price on Affiliated Managers Group from $218.00 to $198.00 and set a “buy” rating for the company in a report on Tuesday, May 7th.

Affiliated Managers Group Trading Up 0.9 %

Affiliated Managers Group stock opened at $153.03 on Thursday. Affiliated Managers Group, Inc. has a 12 month low of $120.22 and a 12 month high of $169.65. The business’s 50 day simple moving average is $158.25 and its 200 day simple moving average is $155.80. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 0.49 and a beta of 1.24.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Monday, May 6th. The asset manager reported $5.37 EPS for the quarter, beating the consensus estimate of $5.21 by $0.16. Affiliated Managers Group had a return on equity of 16.66% and a net margin of 33.74%. The business had revenue of $499.90 million for the quarter, compared to the consensus estimate of $524.53 million. During the same quarter in the prior year, the business earned $4.18 earnings per share. As a group, equities research analysts forecast that Affiliated Managers Group, Inc. will post 21.72 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. Affiliated Managers Group’s dividend payout ratio is currently 0.22%.

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.