Affiliated Managers Group, Inc. (NYSE:AMG) Short Interest Up 30.2% in February

Affiliated Managers Group, Inc. (NYSE:AMG - Get Free Report) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 818,400 shares, an increase of 30.2% from the January 31st total of 628,700 shares. Currently, 2.9% of the company's stock are sold short. Based on an average daily volume of 199,300 shares, the short-interest ratio is currently 4.1 days.

Institutional Trading of Affiliated Managers Group

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Affiliated Managers Group by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 3,211,846 shares of the asset manager's stock valued at $593,935,000 after acquiring an additional 31,343 shares during the last quarter. Boston Partners raised its holdings in Affiliated Managers Group by 46.1% in the 4th quarter. Boston Partners now owns 1,184,130 shares of the asset manager's stock valued at $218,975,000 after acquiring an additional 373,696 shares during the last quarter. Channing Capital Management LLC raised its holdings in Affiliated Managers Group by 5.5% in the 4th quarter. Channing Capital Management LLC now owns 514,580 shares of the asset manager's stock valued at $95,156,000 after acquiring an additional 26,654 shares during the last quarter. LSV Asset Management raised its holdings in Affiliated Managers Group by 79.1% in the 4th quarter. LSV Asset Management now owns 423,994 shares of the asset manager's stock valued at $78,405,000 after acquiring an additional 187,290 shares during the last quarter. Finally, Norges Bank acquired a new stake in Affiliated Managers Group in the 4th quarter valued at about $68,683,000. Institutional investors and hedge funds own 95.30% of the company's stock.

Remove Ads

Affiliated Managers Group Stock Performance

NYSE:AMG traded down $2.14 during mid-day trading on Friday, hitting $159.60. The company's stock had a trading volume of 299,466 shares, compared to its average volume of 226,919. The business's fifty day moving average is $177.82 and its two-hundred day moving average is $180.75. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. Affiliated Managers Group has a 1 year low of $147.13 and a 1 year high of $199.52. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 0.57 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. Analysts anticipate that Affiliated Managers Group will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. Affiliated Managers Group's dividend payout ratio (DPR) is presently 0.26%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AMG shares. Barrington Research upped their target price on Affiliated Managers Group from $200.00 to $215.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upped their target price 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. The Goldman Sachs Group downgraded Affiliated Managers Group from a "buy" rating to a "neutral" rating and cut their target price for the company from $193.00 to $191.00 in a research report on Monday, January 6th. Finally, StockNews.com raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Affiliated Managers Group presently has an average rating of "Moderate Buy" and a consensus price target of $198.40.

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.