Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Kiltearn Partners LLP

Kiltearn Partners LLP lowered its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 18.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 380,814 shares of the asset manager’s stock after selling 83,700 shares during the quarter. Affiliated Managers Group comprises 11.6% of Kiltearn Partners LLP’s investment portfolio, making the stock its biggest holding. Kiltearn Partners LLP owned about 1.26% of Affiliated Managers Group worth $70,420,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Affiliated Managers Group in the fourth quarter valued at about $68,683,000. Vanguard Group Inc. raised its position in shares of Affiliated Managers Group by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 3,211,846 shares of the asset manager’s stock valued at $593,935,000 after buying an additional 31,343 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Affiliated Managers Group by 26.1% during the 4th quarter. LPL Financial LLC now owns 4,502 shares of the asset manager’s stock worth $833,000 after purchasing an additional 933 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Affiliated Managers Group in the 4th quarter worth about $1,720,000. Finally, AXQ Capital LP grew its holdings in Affiliated Managers Group by 15.3% in the fourth quarter. AXQ Capital LP now owns 4,703 shares of the asset manager’s stock valued at $870,000 after purchasing an additional 624 shares during the period. 95.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AMG shares. StockNews.com raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Barrington Research upped their price target on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, The Goldman Sachs Group lowered shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $193.00 to $191.00 in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.40.

Affiliated Managers Group Price Performance

Shares of Affiliated Managers Group stock opened at $170.87 on Friday. The firm’s 50-day moving average price is $173.05 and its two-hundred day moving average price is $180.17. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 0.57 and a beta of 1.18. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. Affiliated Managers Group, Inc. has a 1-year low of $147.13 and a 1-year high of $199.52.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, topping the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. On average, equities analysts predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The firm also recently disclosed 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 is presently 0.26%.

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.