Barclays PLC Grows Stock Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Barclays PLC increased its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 261.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,488 shares of the asset manager's stock after purchasing an additional 55,302 shares during the period. Barclays PLC owned approximately 0.25% of Affiliated Managers Group worth $13,600,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AMG. Ariel Investments LLC lifted its stake 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 buying an additional 115,808 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Affiliated Managers Group by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 826,123 shares of the asset manager's stock valued at $129,065,000 after acquiring an additional 30,059 shares in the last quarter. LSV Asset Management boosted its stake 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 valued at $37,574,000 after purchasing an additional 2,000 shares during the last quarter. Raymond James & Associates increased its holdings in Affiliated Managers Group by 9.6% during the 2nd quarter. Raymond James & Associates now owns 234,647 shares of the asset manager's stock worth $36,659,000 after purchasing an additional 20,514 shares in the last quarter. Finally, New York State Common Retirement Fund increased 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 worth $32,919,000 after purchasing an additional 11,565 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company's stock.

Affiliated Managers Group Trading Up 1.0 %

Shares of AMG stock traded up $1.90 during trading on Monday, hitting $188.49. The company's stock had a trading volume of 183,832 shares, compared to its average volume of 234,252. The company has a market cap of $5.70 billion, a PE ratio of 12.30, a P/E/G ratio of 0.69 and a beta of 1.15. The business has a fifty day moving average of $187.80 and a 200-day moving average of $174.41. Affiliated Managers Group, Inc. has a 52 week low of $145.36 and a 52 week high of $199.52.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share (EPS) 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% compared to the same quarter last year. During the same quarter last year, the company earned $4.08 EPS. As a group, research analysts predict that Affiliated Managers Group, Inc. will post 20.91 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were given 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 dividend payout ratio is 0.26%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their target price on Affiliated Managers Group from $204.00 to $208.00 and gave the company a "buy" rating in a report on Monday, November 11th. TD Cowen cut Affiliated Managers Group from a "buy" rating to a "hold" rating and dropped their price objective for the company from $226.00 to $177.00 in a research note on Tuesday, November 5th. Finally, Barrington Research reduced their target price 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock 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.