Dimensional Fund Advisors LP Sells 20,853 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Dimensional Fund Advisors LP reduced its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 2.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 761,198 shares of the asset manager’s stock after selling 20,853 shares during the period. Dimensional Fund Advisors LP’s holdings in Affiliated Managers Group were worth $140,763,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC boosted its holdings in Affiliated Managers Group by 261.0% in the 3rd quarter. Barclays PLC now owns 76,488 shares of the asset manager’s stock worth $13,600,000 after buying an additional 55,302 shares during the period. SkyView Investment Advisors LLC boosted its stake in shares of Affiliated Managers Group by 2.4% in the third quarter. SkyView Investment Advisors LLC now owns 5,818 shares of the asset manager’s stock worth $1,034,000 after acquiring an additional 137 shares during the period. World Investment Advisors LLC bought a new stake in Affiliated Managers Group during the 3rd quarter valued at approximately $2,592,000. Wilmington Savings Fund Society FSB purchased a new position in Affiliated Managers Group in the 3rd quarter worth approximately $46,000. Finally, Franklin Resources Inc. boosted its stake in Affiliated Managers Group by 18.3% in the 3rd quarter. Franklin Resources Inc. now owns 101,913 shares of the asset manager’s stock worth $19,363,000 after purchasing an additional 15,746 shares during the period. 95.30% of the stock is owned by hedge funds and other institutional investors.

Affiliated Managers Group Stock Performance

NYSE AMG opened at $162.50 on Friday. The company has a market cap of $4.68 billion, a P/E ratio of 10.76, a P/E/G ratio of 0.57 and a beta of 1.09. The business’s 50 day moving average price is $162.28 and its 200-day moving average price is $177.42. Affiliated Managers Group, Inc. has a fifty-two week low of $139.22 and a fifty-two week high of $199.52. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) 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%. Sell-side analysts predict 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 announced 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 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.26%.

Wall Street Analysts Forecast Growth

AMG has been the topic of several recent analyst reports. StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Barrington Research reduced their price target on shares of Affiliated Managers Group from $215.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. TD Cowen decreased their price target on shares of Affiliated Managers Group from $187.00 to $168.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. The Goldman Sachs Group lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $193.00 to $191.00 in a research report on Monday, January 6th. Finally, Bank of America decreased their target price on Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.40.

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.