Affiliated Managers Group, Inc. (NYSE:AMG) Shares Bought by Quest Partners LLC

Quest Partners LLC grew its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 109.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,268 shares of the asset manager's stock after acquiring an additional 6,424 shares during the period. Quest Partners LLC's holdings in Affiliated Managers Group were worth $2,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Ariel Investments LLC raised its position in shares of Affiliated Managers Group by 8.7% during the second quarter. Ariel Investments LLC now owns 1,442,817 shares of the asset manager's stock valued at $225,411,000 after buying an additional 115,808 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Affiliated Managers Group by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 826,123 shares of the asset manager's stock valued at $129,065,000 after purchasing an additional 30,059 shares during the last quarter. LSV Asset Management grew its position in shares of Affiliated Managers Group by 0.8% during the second quarter. LSV Asset Management now owns 240,504 shares of the asset manager's stock valued at $37,574,000 after purchasing an additional 2,000 shares in the last quarter. Raymond James & Associates lifted its position in shares of 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 grew its holdings in Affiliated Managers Group by 6.7% during the 3rd quarter. New York State Common Retirement Fund now owns 185,147 shares of the asset manager's stock valued at $32,919,000 after buying an additional 11,565 shares in the last quarter. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AMG shares. TD Cowen cut shares of Affiliated Managers Group from a "buy" rating to a "hold" rating and reduced their price target for the stock from $226.00 to $177.00 in a research report on Tuesday, November 5th. Bank of America increased their price target on Affiliated Managers Group from $200.00 to $201.00 and gave the stock a "neutral" rating in a report on Tuesday, July 30th. StockNews.com cut shares of Affiliated Managers Group from a "buy" rating to a "hold" rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft increased their price target on Affiliated Managers Group from $204.00 to $208.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Finally, Barrington Research cut their price objective on shares of Affiliated Managers Group from $210.00 to $200.00 and set an "outperform" rating on the stock in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $196.50.

Affiliated Managers Group Trading Down 1.1 %

Shares of AMG traded down $2.03 during midday trading on Tuesday, hitting $183.11. 163,909 shares of the company's stock traded hands, compared to its average volume of 239,209. Affiliated Managers Group, Inc. has a 1 year low of $131.34 and a 1 year high of $199.52. The firm's fifty day moving average is $183.24 and its 200-day moving average is $170.44. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 0.68 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The asset manager reported $4.82 earnings per share for the quarter, missing analysts' consensus estimates of $4.84 by ($0.02). The business had revenue of $525.20 million for 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%. Affiliated Managers Group's revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.08 EPS. On average, equities research analysts anticipate that Affiliated Managers Group, Inc. will post 21.01 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date is Thursday, November 14th. Affiliated Managers Group's dividend payout ratio (DPR) is presently 0.26%.

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.