Quantbot Technologies LP Buys Shares of 5,982 Affiliated Managers Group, Inc. (NYSE:AMG)

Quantbot Technologies LP purchased a new stake in Affiliated Managers Group, Inc. (NYSE:AMG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,982 shares of the asset manager’s stock, valued at approximately $1,064,000.

A number of other large investors have also recently modified their holdings of the company. Ariel Investments LLC boosted its holdings in shares of Affiliated Managers Group by 8.7% in the second quarter. Ariel Investments LLC now owns 1,442,817 shares of the asset manager’s stock valued at $225,411,000 after purchasing an additional 115,808 shares during the period. Dimensional Fund Advisors LP raised its stake in Affiliated Managers Group by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 826,123 shares of the asset manager’s stock worth $129,065,000 after buying an additional 30,059 shares in the last quarter. LSV Asset Management raised its stake in Affiliated Managers Group by 0.8% in the second quarter. LSV Asset Management now owns 240,504 shares of the asset manager’s stock worth $37,574,000 after buying an additional 2,000 shares in the last quarter. Raymond James & Associates raised its stake in Affiliated Managers Group by 9.6% in the second quarter. Raymond James & Associates now owns 234,647 shares of the asset manager’s stock worth $36,659,000 after buying an additional 20,514 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in Affiliated Managers Group by 6.7% in the third quarter. New York State Common Retirement Fund now owns 185,147 shares of the asset manager’s stock worth $32,919,000 after buying an additional 11,565 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Trading Down 0.5 %

Shares of AMG stock opened at $187.54 on Friday. The business’s fifty day simple moving average is $185.98 and its 200-day simple moving average is $172.13. The company has a market cap of $5.67 billion, a PE ratio of 12.23, a PEG ratio of 0.69 and a beta of 1.18. Affiliated Managers Group, Inc. has a 12-month low of $134.61 and a 12-month high of $199.52.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Monday, November 4th. The asset manager reported $4.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.84 by ($0.02). Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The firm had revenue of $525.20 million during the quarter, compared to analyst estimates of $521.87 million. During the same period in the previous year, the company earned $4.08 earnings per share. Affiliated Managers Group’s revenue was up 1.7% on a year-over-year basis. On average, equities analysts forecast that Affiliated Managers Group, Inc. will post 20.91 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date was Thursday, November 14th. Affiliated Managers Group’s payout ratio is 0.26%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. TD Cowen downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $226.00 to $177.00 in a research note on Tuesday, November 5th. Finally, Barrington Research reduced their price objective on shares of Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Affiliated Managers Group presently has a consensus rating of “Hold” and a consensus price target of $196.50.

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.