Point72 Asia Singapore Pte. Ltd. Acquires 5,587 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 153.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,228 shares of the asset manager's stock after acquiring an additional 5,587 shares during the quarter. Point72 Asia Singapore Pte. Ltd.'s holdings in Affiliated Managers Group were worth $1,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Kestra Investment Management LLC bought a new position in shares of Affiliated Managers Group in the third quarter worth approximately $637,000. Point72 Hong Kong Ltd bought a new stake in Affiliated Managers Group in the 3rd quarter worth $215,000. Edgestream Partners L.P. purchased a new position in shares of Affiliated Managers Group in the third quarter valued at about $824,000. Verition Fund Management LLC raised its stake in shares of Affiliated Managers Group by 240.1% during the third quarter. Verition Fund Management LLC now owns 6,289 shares of the asset manager's stock valued at $1,118,000 after acquiring an additional 4,440 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of Affiliated Managers Group by 91.4% during the third quarter. Captrust Financial Advisors now owns 3,713 shares of the asset manager's stock valued at $660,000 after acquiring an additional 1,773 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors.

Affiliated Managers Group Price Performance

AMG stock traded down $2.15 during midday trading on Monday, hitting $185.39. The stock had a trading volume of 60,675 shares, compared to its average volume of 235,972. The business has a 50-day moving average of $185.98 and a two-hundred day moving average of $172.30. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 0.69 and a beta of 1.18. Affiliated Managers Group, Inc. has a 52-week low of $135.22 and a 52-week high of $199.52.

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 predict that Affiliated Managers Group, Inc. will post 20.91 earnings per share 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 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 of this dividend was Thursday, November 14th. Affiliated Managers Group's payout ratio is 0.26%.

Analyst Ratings Changes

AMG has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Affiliated Managers Group from $204.00 to $208.00 and gave the company a "buy" rating in a research report on Monday, November 11th. 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 report on Tuesday, November 5th. Finally, Barrington Research cut their price target 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $196.50.

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.