GSA Capital Partners LLP Has $690,000 Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

GSA Capital Partners LLP reduced its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 41.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,882 shares of the asset manager's stock after selling 2,714 shares during the quarter. GSA Capital Partners LLP's holdings in Affiliated Managers Group were worth $690,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of AMG. Ariel Investments LLC lifted its holdings in 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 buying an additional 115,808 shares during the period. Victory Capital Management Inc. lifted its holdings in Affiliated Managers Group by 150.1% in the second quarter. Victory Capital Management Inc. now owns 99,407 shares of the asset manager's stock valued at $15,530,000 after buying an additional 59,659 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in Affiliated Managers Group by 36.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 177,530 shares of the asset manager's stock valued at $29,731,000 after buying an additional 47,239 shares during the period. Los Angeles Capital Management LLC lifted its holdings in Affiliated Managers Group by 70.6% in the third quarter. Los Angeles Capital Management LLC now owns 100,072 shares of the asset manager's stock valued at $17,793,000 after buying an additional 41,413 shares during the period. Finally, Algert Global LLC lifted its holdings in Affiliated Managers Group by 74.8% in the second quarter. Algert Global LLC now owns 89,254 shares of the asset manager's stock valued at $13,944,000 after buying an additional 38,206 shares during the period. 95.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Affiliated Managers Group Stock Down 0.7 %

Shares of NYSE:AMG traded down $1.28 during midday trading on Monday, reaching $185.14. 151,538 shares of the company were exchanged, compared to its average volume of 239,547. Affiliated Managers Group, Inc. has a fifty-two week low of $131.34 and a fifty-two week high of $199.52. The stock has a fifty day simple moving average of $183.24 and a two-hundred day simple moving average of $170.44. The firm has a market cap of $5.60 billion, a PE ratio of 12.08, a P/E/G ratio of 0.68 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its 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 during the quarter, compared to the consensus estimate of $521.87 million. Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the business posted $4.08 EPS. As a group, analysts forecast that Affiliated Managers Group, Inc. will post 21.01 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

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

Affiliated Managers Group Company 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.