Quantbot Technologies LP Takes $1.06 Million Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Quantbot Technologies LP acquired a new position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,982 shares of the asset manager's stock, valued at approximately $1,064,000.

Several other institutional investors have also made changes to their positions in AMG. Ashton Thomas Securities LLC acquired a new position in Affiliated Managers Group in the 3rd quarter valued at $30,000. Altshuler Shaham Ltd bought a new stake in Affiliated Managers Group during the second quarter worth about $28,000. UMB Bank n.a. grew its stake in Affiliated Managers Group by 481.3% during the third quarter. UMB Bank n.a. now owns 186 shares of the asset manager's stock worth $33,000 after buying an additional 154 shares in the last quarter. Prospera Private Wealth LLC bought a new position in Affiliated Managers Group in the 3rd quarter valued at about $47,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Affiliated Managers Group during the 2nd quarter worth approximately $47,000. 95.30% of the stock is currently owned by institutional investors.

Affiliated Managers Group Stock Down 0.5 %

Affiliated Managers Group stock traded down $0.92 during trading hours on Friday, hitting $187.54. The stock had a trading volume of 83,337 shares, compared to its average volume of 204,621. The business's 50 day simple moving average is $185.98 and its 200-day simple moving average is $172.22. Affiliated Managers Group, Inc. has a one year low of $134.61 and a one year high of $199.52. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 0.69 and a beta of 1.18.

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 for the quarter, missing the consensus estimate of $4.84 by ($0.02). The company had revenue of $525.20 million during the quarter, compared to analyst estimates of $521.87 million. Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The company's quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $4.08 EPS. Research analysts anticipate that Affiliated Managers Group, Inc. will post 20.91 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 0.02%. Affiliated Managers Group's payout ratio is 0.26%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted 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. Barrington Research decreased their target price on Affiliated Managers Group from $210.00 to $200.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. Finally, TD Cowen cut shares of Affiliated Managers Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $226.00 to $177.00 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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.