Centiva Capital LP bought a new position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,345 shares of the asset manager's stock, valued at approximately $1,306,000.
A number of other hedge funds also recently bought and sold shares of AMG. Altshuler Shaham Ltd bought a new stake in shares of Affiliated Managers Group during the second quarter valued at approximately $28,000. Ashton Thomas Securities LLC bought a new stake in shares of Affiliated Managers Group in the 3rd quarter worth $30,000. UMB Bank n.a. raised its stake in shares of Affiliated Managers Group by 481.3% in the third quarter. UMB Bank n.a. now owns 186 shares of the asset manager's stock worth $33,000 after purchasing an additional 154 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Affiliated Managers Group during the second quarter valued at $47,000. Finally, Prospera Private Wealth LLC purchased a new stake in shares of Affiliated Managers Group during the third quarter valued at $47,000. Institutional investors own 95.30% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on AMG. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. TD Cowen lowered shares of Affiliated Managers Group from a "buy" rating to a "hold" rating and decreased their target price for the company from $226.00 to $177.00 in a research note on Tuesday, November 5th. Finally, Barrington Research cut their price objective on Affiliated Managers Group from $210.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Affiliated Managers Group has an average rating of "Hold" and an average target price of $196.50.
View Our Latest Research Report on AMG
Affiliated Managers Group Price Performance
Shares of NYSE:AMG traded down $0.95 during midday trading on Thursday, hitting $185.11. The company had a trading volume of 226,791 shares, compared to its average volume of 235,627. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.68 and a beta of 1.15. The company has a fifty day moving average of $186.47 and a two-hundred day moving average of $172.76. Affiliated Managers Group, Inc. has a 12-month low of $135.22 and a 12-month high of $199.52.
Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its earnings results on Monday, November 4th. The asset manager reported $4.82 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $525.20 million for the quarter, compared to the consensus estimate of $521.87 million. During the same quarter in the previous year, the business posted $4.08 EPS. Affiliated Managers Group's revenue was up 1.7% on a year-over-year basis. Research analysts expect that Affiliated Managers Group, Inc. will post 20.91 earnings per share for the current fiscal year.
Affiliated Managers Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. Affiliated Managers Group's dividend payout ratio is presently 0.26%.
About Affiliated Managers Group
(
Free Report)
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.
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