Affiliated Managers Group, Inc. (NYSE:AMG) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 94.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,594 shares of the asset manager's stock after acquiring an additional 5,142 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Affiliated Managers Group were worth $1,884,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Ariel Investments LLC increased 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 worth $225,411,000 after acquiring an additional 115,808 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in 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 worth $129,065,000 after purchasing an additional 30,059 shares during the last quarter. LSV Asset Management increased its holdings in Affiliated Managers Group by 0.8% during the 2nd quarter. LSV Asset Management now owns 240,504 shares of the asset manager's stock worth $37,574,000 after purchasing an additional 2,000 shares during the last quarter. Raymond James & Associates raised its position in shares of Affiliated Managers Group by 9.6% in the 2nd quarter. Raymond James & Associates now owns 234,647 shares of the asset manager's stock valued at $36,659,000 after purchasing an additional 20,514 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of 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 during the last quarter. Hedge funds and other institutional investors own 95.30% of the company's stock.

Affiliated Managers Group Stock Up 1.0 %

Shares of NYSE:AMG traded up $1.78 on Friday, reaching $184.95. 173,806 shares of the company's stock were exchanged, compared to its average volume of 203,684. The business's 50-day moving average is $181.14 and its two-hundred day moving average is $169.29. Affiliated Managers Group, Inc. has a fifty-two week low of $129.57 and a fifty-two week high of $199.52. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 0.64 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share for the quarter, missing the consensus estimate of $4.84 by ($0.02). Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. The business had revenue of $525.20 million for the quarter, compared to analyst estimates of $521.87 million. During the same quarter last year, the company earned $4.08 EPS. Affiliated Managers Group's revenue was up 1.7% compared to the same quarter last year. Analysts predict that Affiliated Managers Group, Inc. will post 21.53 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

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

Analyst Upgrades and Downgrades

AMG has been the subject of a number of research analyst reports. Bank of America lifted their price target on shares of Affiliated Managers Group from $200.00 to $201.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Affiliated Managers Group from $219.00 to $204.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. 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. Barrington Research decreased their price target on 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, StockNews.com lowered Affiliated Managers Group from a "buy" rating to a "hold" rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $195.50.

Insiders Place Their Bets

In other news, CEO Jay C. Horgen sold 9,000 shares of the business's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $171.98, for a total transaction of $1,547,820.00. Following the completion of the transaction, the chief executive officer now owns 377,276 shares of the company's stock, valued at approximately $64,883,926.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Affiliated Managers Group news, COO Thomas M. Wojcik sold 4,786 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $172.71, for a total value of $826,590.06. Following the sale, the chief operating officer now owns 84,392 shares in the company, valued at approximately $14,575,342.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jay C. Horgen sold 9,000 shares of Affiliated Managers Group stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $171.98, for a total value of $1,547,820.00. Following the sale, the chief executive officer now directly owns 377,276 shares in the company, valued at approximately $64,883,926.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,408 shares of company stock valued at $3,865,068 over the last three months. Company insiders own 1.90% of the company's stock.

About Affiliated Managers Group

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.