Kiltearn Partners LLP Sells 83,700 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Kiltearn Partners LLP cut its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 18.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 380,814 shares of the asset manager’s stock after selling 83,700 shares during the quarter. Affiliated Managers Group accounts for about 11.6% of Kiltearn Partners LLP’s portfolio, making the stock its largest position. Kiltearn Partners LLP’s holdings in Affiliated Managers Group were worth $70,420,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Affiliated Managers Group by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 3,211,846 shares of the asset manager’s stock worth $593,935,000 after buying an additional 31,343 shares during the period. Boston Partners boosted its stake in shares of Affiliated Managers Group by 46.1% in the 4th quarter. Boston Partners now owns 1,184,130 shares of the asset manager’s stock worth $218,975,000 after buying an additional 373,696 shares during the last quarter. Channing Capital Management LLC increased its position in shares of Affiliated Managers Group by 5.5% during the 4th quarter. Channing Capital Management LLC now owns 514,580 shares of the asset manager’s stock valued at $95,156,000 after purchasing an additional 26,654 shares during the last quarter. Norges Bank purchased a new stake in Affiliated Managers Group during the fourth quarter worth about $68,683,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Affiliated Managers Group by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 331,106 shares of the asset manager’s stock valued at $61,228,000 after purchasing an additional 2,264 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. The Goldman Sachs Group cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $193.00 to $191.00 in a report on Monday, January 6th. Finally, Barrington Research lifted their target price on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $198.40.

Affiliated Managers Group Trading Down 1.1 %

NYSE:AMG opened at $170.87 on Friday. The company has a 50 day simple moving average of $173.05 and a two-hundred day simple moving average of $180.17. 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 company has a market cap of $5.00 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. Affiliated Managers Group, Inc. has a 12 month low of $147.13 and a 12 month high of $199.52.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, beating 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%. Research analysts forecast 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. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, February 18th. Affiliated Managers Group’s payout ratio is 0.26%.

Affiliated Managers Group Company 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.