Kiltearn Partners LLP Has $112.01 Million Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Kiltearn Partners LLP reduced its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 16.0% in the first quarter, HoldingsChannel reports. The firm owned 675,214 shares of the asset manager’s stock after selling 128,600 shares during the quarter. Affiliated Managers Group makes up 10.3% of Kiltearn Partners LLP’s investment portfolio, making the stock its largest position. Kiltearn Partners LLP’s holdings in Affiliated Managers Group were worth $112,011,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Lindbrook Capital LLC lifted its position in shares of Affiliated Managers Group by 80.0% during the 4th quarter. Lindbrook Capital LLC now owns 162 shares of the asset manager’s stock valued at $25,000 after buying an additional 72 shares in the last quarter. Denali Advisors LLC lifted its position in shares of Affiliated Managers Group by 429.2% during the 1st quarter. Denali Advisors LLC now owns 254 shares of the asset manager’s stock valued at $43,000 after buying an additional 206 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of Affiliated Managers Group during the 4th quarter valued at about $62,000. Quadrant Capital Group LLC lifted its position in shares of Affiliated Managers Group by 45.6% during the 4th quarter. Quadrant Capital Group LLC now owns 591 shares of the asset manager’s stock valued at $89,000 after buying an additional 185 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Affiliated Managers Group by 17.1% during the 4th quarter. Blue Trust Inc. now owns 617 shares of the asset manager’s stock valued at $93,000 after buying an additional 90 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMG. Barrington Research reaffirmed an “outperform” rating and set a $190.00 price objective on shares of Affiliated Managers Group in a research report on Thursday, July 11th. TD Cowen boosted their price target on Affiliated Managers Group from $198.00 to $201.00 and gave the stock a “buy” rating in a report on Monday, July 8th.

Affiliated Managers Group Stock Up 1.9 %

NYSE AMG traded up $3.22 during trading hours on Friday, reaching $177.02. The company’s stock had a trading volume of 349,050 shares, compared to its average volume of 273,879. The firm’s 50-day moving average price is $160.11 and its 200-day moving average price is $158.82. Affiliated Managers Group, Inc. has a 1 year low of $120.22 and a 1 year high of $177.49. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 0.62 and a beta of 1.22.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Monday, May 6th. The asset manager reported $5.37 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $499.90 million for the quarter, compared to analysts’ expectations of $524.53 million. During the same period in the previous year, the firm earned $4.18 EPS. Equities research analysts anticipate that Affiliated Managers Group, Inc. will post 21.59 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, May 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) is 0.22%.

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.