<div id="readability-page-1"><p>Ariel Investments LLC trimmed its holdings in  Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 3.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,355,075 shares of the asset manager's stock after selling 52,076 shares during the period. Affiliated Managers Group accounts for approximately  3.0% of Ariel Investments LLC's portfolio, making the stock its 6th largest position. Ariel Investments LLC owned about 4.77% of Affiliated Managers Group worth $266,638,000 as of its most recent SEC filing.</p><p>Several other hedge funds have also made changes to their positions in AMG. Voya Investment Management LLC raised its position in  Affiliated Managers Group by 52.2% during the 1st quarter. Voya Investment Management LLC now owns 28,703 shares of the asset manager's stock worth $4,823,000 after buying an additional 9,845 shares during the last quarter.  Cullen Frost Bankers Inc. increased its stake in shares of  Affiliated Managers Group by 79.4% during the second quarter. Cullen Frost Bankers Inc. now owns 601 shares of the asset manager's stock worth $118,000 after acquiring an additional 266 shares during the period.  Cetera Investment Advisers increased its stake in shares of  Affiliated Managers Group by 89.1% during the first quarter. Cetera Investment Advisers now owns 5,481 shares of the asset manager's stock worth $921,000 after acquiring an additional 2,583 shares during the period.  Atlanta Consulting Group Advisors LLC purchased a new position in  Affiliated Managers Group during the second quarter worth about $226,000.  Finally, QRG Capital Management Inc. acquired a new stake in  Affiliated Managers Group in the second quarter valued at about $269,000. Institutional investors and hedge funds own  95.30% of the company's stock. </p><h2>Affiliated Managers Group Stock Performance</h2><p>NYSE:AMG opened at $271.68 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $7.64 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 0.60 and a beta of 1.22. The firm has a 50-day moving average price of $251.14 and a two-hundred day moving average price of $224.28. Affiliated Managers Group, Inc. has a twelve month low of $139.22 and a twelve month high of $276.40. </p><p>Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly earnings results on Monday, November 3rd. The asset manager reported $6.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.88 by $0.22. Affiliated Managers Group had a net margin of 26.01% and a return on equity of 16.75%. The company had revenue of $528.00 million for the quarter, compared to the consensus estimate of $543.39 million. During the same quarter in the prior year, the firm earned $4.82 earnings per share. The company's revenue for the quarter was up 2.2% compared to the same quarter last year.  As a group, research analysts expect that  Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year. </p><h2>Affiliated Managers Group Announces Dividend</h2><p>The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Thursday, November 13th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Thursday, November 13th. Affiliated Managers Group's dividend payout ratio  is 0.24%. </p><h2>Wall Street Analyst Weigh In</h2><p>AMG has been the topic of several recent analyst reports. Bank of America boosted their target price on Affiliated Managers Group to $335.00 and gave the stock a &#34;buy&#34; rating in a research report on Thursday, October 2nd. Weiss Ratings  restated a &#34;buy (b-)&#34; rating on shares of Affiliated Managers Group in a research note on Wednesday, October 8th. UBS Group  set a $295.00 price objective on Affiliated Managers Group in a report on Tuesday, November 4th. The Goldman Sachs Group raised their target price on Affiliated Managers Group from $240.00 to $280.00 and gave the company a &#34;buy&#34; rating in a report on Monday, October 6th. Finally, Cowen  restated a &#34;buy&#34; rating on shares of Affiliated Managers Group in a research report on Tuesday, November 4th. One investment analyst  has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of &#34;Buy&#34; and a consensus price target of $290.33.</p><p><b>Check Out Our Latest Stock Analysis on Affiliated Managers Group</b></p><h2>Affiliated Managers Group Profile</h2> (Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Affiliated Managers Group</li><li>With Risk Tolerance, One Size Does Not Fit All</li><li>Consumers Got Coal, But Santa Dropped Off Big Gains for These 2 Retailers</li><li>TSX Venture Exchange (Formerly Canadian Venture Exchange)</li><li>10X Gains? These 3 Robotics Stocks Could Explode by 2035</li><li>Value Investing: Is it a Good Strategy in 2022? <span>Hint: Always<span></span></span></li><li>Anheuser-Busch Buys BeatBox to Win Over Younger Drinkers</li></ul><p><strong>Want to see what other hedge funds are holding AMG?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Affiliated Managers Group, Inc. (NYSE:AMG - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFNRw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFNRw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Affiliated Managers Group Right Now?</h2><p>Before you consider Affiliated Managers Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Affiliated Managers Group wasn't on the list.</p><p>While Affiliated Managers Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Ariel Investments LLC reduced its stake in Affiliated Managers Group, Inc. by 3.7% in Q2, owning 1,355,075 shares post-sale. AMG's stock is Ariel's 6th largest position, valued at $266.6M. Other hedge funds adjusted their AMG positions. AMG reported Q3 EPS of $6.10, beating estimates, with revenue up 2.2% YoY. Analysts maintain a "Buy" rating with a consensus price target of $290.33.</p>

Affiliated Managers Group, Inc. $AMG Stake Cut by Ariel Investments LLC