Clarkston Capital Partners LLC Sells 203,063 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Clarkston Capital Partners LLC reduced its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 11.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,572,189 shares of the asset manager’s stock after selling 203,063 shares during the period. Affiliated Managers Group accounts for about 5.6% of Clarkston Capital Partners LLC’s holdings, making the stock its 3rd biggest position. Clarkston Capital Partners LLC owned about 0.05% of Affiliated Managers Group worth $290,729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Townsquare Capital LLC purchased a new position in Affiliated Managers Group in the 3rd quarter valued at about $218,000. Captrust Financial Advisors raised its position in shares of Affiliated Managers Group by 91.4% in the third quarter. Captrust Financial Advisors now owns 3,713 shares of the asset manager’s stock valued at $660,000 after buying an additional 1,773 shares during the last quarter. Verition Fund Management LLC lifted its stake in shares of Affiliated Managers Group by 240.1% during the third quarter. Verition Fund Management LLC now owns 6,289 shares of the asset manager’s stock valued at $1,118,000 after buying an additional 4,440 shares during the period. Quantinno Capital Management LP boosted its position in Affiliated Managers Group by 108.7% during the third quarter. Quantinno Capital Management LP now owns 12,066 shares of the asset manager’s stock worth $2,145,000 after acquiring an additional 6,284 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new stake in Affiliated Managers Group in the 3rd quarter worth approximately $2,130,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on AMG shares. Barrington Research increased their price target on Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. The Goldman Sachs Group downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, Bank of America dropped their price objective 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $197.20.

Affiliated Managers Group Trading Down 6.0 %

Shares of AMG opened at $148.52 on Friday. The stock’s fifty day simple moving average is $170.28 and its 200 day simple moving average is $180.06. Affiliated Managers Group, Inc. has a twelve month low of $146.61 and a twelve month high of $199.52. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $4.35 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09.

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

Affiliated Managers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. 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.