Dynamic Technology Lab Private Ltd Has $2.36 Million Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Dynamic Technology Lab Private Ltd lifted its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 554.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,277 shares of the asset manager's stock after acquiring an additional 11,247 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Affiliated Managers Group were worth $2,361,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AMG. Ashton Thomas Securities LLC acquired a new position in Affiliated Managers Group in the third quarter worth approximately $30,000. Altshuler Shaham Ltd acquired a new position in Affiliated Managers Group in the 2nd quarter worth approximately $28,000. UMB Bank n.a. boosted its stake in Affiliated Managers Group by 481.3% in the 3rd 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 period. Prospera Private Wealth LLC acquired a new stake in shares of Affiliated Managers Group during the 3rd quarter valued at $47,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Affiliated Managers Group during the second quarter valued at $47,000. Institutional investors and hedge funds own 95.30% of the company's stock.

Affiliated Managers Group Trading Up 1.5 %

NYSE AMG traded up $2.77 on Monday, hitting $190.37. 60,167 shares of the company were exchanged, compared to its average volume of 237,237. The firm has a 50 day moving average of $184.78 and a two-hundred day moving average of $171.23. The company has a market cap of $5.75 billion, a P/E ratio of 12.30, a P/E/G ratio of 0.68 and a beta of 1.18. Affiliated Managers Group, Inc. has a 1-year low of $131.34 and a 1-year high of $199.52.

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 (EPS) 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 company 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. The firm's quarterly revenue was up 1.7% on a year-over-year basis. Research analysts anticipate that Affiliated Managers Group, Inc. will post 21.01 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend 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 presently 0.26%.

Analyst Ratings Changes

AMG has been the subject of several recent research reports. StockNews.com downgraded shares of Affiliated Managers Group from a "buy" rating to a "hold" rating in a research report on Tuesday, July 30th. Barrington Research decreased their target price 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. TD Cowen cut shares of Affiliated Managers Group from a "buy" rating to a "hold" rating and cut their target price for the company from $226.00 to $177.00 in a research note on Tuesday, November 5th. Bank of America boosted their price target on shares of Affiliated Managers Group from $200.00 to $201.00 and gave the company a "neutral" rating in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the company a "buy" rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $196.50.

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.