National Bank of Canada FI Boosts Stake in Affiliated Managers Group, Inc. (NYSE:AMG)

National Bank of Canada FI grew its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 260.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,379 shares of the asset manager's stock after buying an additional 8,222 shares during the period. National Bank of Canada FI's holdings in Affiliated Managers Group were worth $2,023,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AMG. Ariel Investments LLC grew its stake 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 purchasing an additional 115,808 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Affiliated Managers Group by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 826,123 shares of the asset manager's stock worth $129,065,000 after acquiring an additional 30,059 shares in the last quarter. LSV Asset Management boosted its position in shares of Affiliated Managers Group by 0.8% during the second quarter. LSV Asset Management now owns 240,504 shares of the asset manager's stock worth $37,574,000 after buying an additional 2,000 shares during the period. Raymond James & Associates grew its position in Affiliated Managers Group by 9.6% in the second 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 raised 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 worth $32,919,000 after purchasing an additional 11,565 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on AMG. Barrington Research dropped their price target on Affiliated Managers Group from $210.00 to $200.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 5th. TD Cowen downgraded 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 report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Affiliated Managers Group from $204.00 to $208.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $196.50.

Affiliated Managers Group Trading Down 1.2 %

Shares of AMG traded down $2.26 during mid-day trading on Friday, reaching $186.59. The company's stock had a trading volume of 209,837 shares, compared to its average volume of 234,461. The company's fifty day moving average price is $187.62 and its two-hundred day moving average price is $174.00. Affiliated Managers Group, Inc. has a 52 week low of $145.36 and a 52 week high of $199.52. The stock has a market cap of $5.64 billion, a PE ratio of 12.17, a P/E/G ratio of 0.69 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 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 business had revenue of $525.20 million for the quarter, compared to the consensus estimate of $521.87 million. During the same period in the previous year, the firm earned $4.08 EPS. The company's revenue was up 1.7% on a year-over-year basis. Research analysts anticipate that Affiliated Managers Group, Inc. will post 20.91 EPS for the current year.

Affiliated Managers Group Dividend Announcement

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

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.