Quantbot Technologies LP Purchases New Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Quantbot Technologies LP purchased a new stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 5,982 shares of the asset manager’s stock, valued at approximately $1,064,000.

A number of other large investors also recently bought and sold shares of AMG. Diversified Trust Co purchased a new position in Affiliated Managers Group in the second quarter worth about $1,293,000. Asset Management One Co. Ltd. raised its holdings in Affiliated Managers Group by 94.3% in the third quarter. Asset Management One Co. Ltd. now owns 10,594 shares of the asset manager’s stock worth $1,884,000 after buying an additional 5,142 shares during the last quarter. Foundry Partners LLC purchased a new position in Affiliated Managers Group in the second quarter worth about $574,000. XTX Topco Ltd raised its holdings in Affiliated Managers Group by 178.9% in the second quarter. XTX Topco Ltd now owns 5,269 shares of the asset manager’s stock worth $823,000 after buying an additional 3,380 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in Affiliated Managers Group by 12.7% in the second quarter. Los Angeles Capital Management LLC now owns 58,659 shares of the asset manager’s stock worth $9,164,000 after buying an additional 6,616 shares during the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Affiliated Managers Group Stock Performance

AMG stock opened at $187.54 on Friday. Affiliated Managers Group, Inc. has a one year low of $134.61 and a one year high of $199.52. The company’s fifty day moving average price is $185.98 and its 200-day moving average price is $172.13. The company has a market capitalization of $5.67 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 0.69 and a beta of 1.18.

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

Affiliated Managers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.01 per share. 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%.

Analysts Set New Price Targets

Several brokerages have issued reports on AMG. TD Cowen cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $226.00 to $177.00 in a report on Tuesday, November 5th. Barrington Research reduced their price target 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. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.