Affiliated Managers Group, Inc. (NYSE:AMG) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 108.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,066 shares of the asset manager's stock after purchasing an additional 6,284 shares during the quarter. Quantinno Capital Management LP's holdings in Affiliated Managers Group were worth $2,145,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AMG. Ariel Investments LLC increased its holdings in shares of Affiliated Managers Group by 8.7% in the 2nd 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. Goodman Financial Corp purchased a new position in shares of Affiliated Managers Group in the 3rd quarter valued at about $14,035,000. Victory Capital Management Inc. increased its holdings in shares of Affiliated Managers Group by 150.1% in the 2nd quarter. Victory Capital Management Inc. now owns 99,407 shares of the asset manager's stock valued at $15,530,000 after purchasing an additional 59,659 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Affiliated Managers Group by 328.2% in the 3rd quarter. Bank of Montreal Can now owns 70,457 shares of the asset manager's stock valued at $12,420,000 after purchasing an additional 54,003 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Affiliated Managers Group by 70.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 100,072 shares of the asset manager's stock valued at $17,793,000 after purchasing an additional 41,413 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company's stock.

Affiliated Managers Group Trading Up 2.4 %

Shares of Affiliated Managers Group stock traded up $4.43 during mid-day trading on Wednesday, hitting $189.79. 108,770 shares of the stock were exchanged, compared to its average volume of 234,182. Affiliated Managers Group, Inc. has a twelve month low of $139.23 and a twelve month high of $199.52. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 0.67 and a beta of 1.15. The company has a 50-day simple moving average of $187.13 and a 200 day simple moving average of $173.61.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released 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 firm had revenue of $525.20 million for the quarter, compared to analyst estimates of $521.87 million. During the same period in the prior year, the business earned $4.08 earnings per share. Affiliated Managers Group's revenue for the quarter was up 1.7% on a year-over-year basis. Equities research analysts forecast that Affiliated Managers Group, Inc. will post 20.91 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group's dividend payout ratio is currently 0.26%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AMG shares. Barrington Research lowered their price objective on shares of 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 cut shares of Affiliated Managers Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $226.00 to $177.00 in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price 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.