14,580 Shares in Affiliated Managers Group, Inc. (NYSE:AMG) Acquired by World Investment Advisors LLC

World Investment Advisors LLC acquired a new stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 14,580 shares of the asset manager's stock, valued at approximately $2,592,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Asset Management One Co. Ltd. raised its position in shares of Affiliated Managers Group by 94.3% in the third quarter. Asset Management One Co. Ltd. now owns 10,594 shares of the asset manager's stock valued at $1,884,000 after buying an additional 5,142 shares in the last quarter. Foundry Partners LLC acquired a new position in Affiliated Managers Group in the 2nd quarter valued at $574,000. XTX Topco Ltd lifted its position in shares of Affiliated Managers Group by 178.9% during the 2nd quarter. XTX Topco Ltd now owns 5,269 shares of the asset manager's stock valued at $823,000 after acquiring an additional 3,380 shares during the period. Los Angeles Capital Management LLC lifted its position in shares of Affiliated Managers Group by 12.7% during the 2nd quarter. Los Angeles Capital Management LLC now owns 58,659 shares of the asset manager's stock valued at $9,164,000 after acquiring an additional 6,616 shares during the period. Finally, CX Institutional acquired a new stake in shares of Affiliated Managers Group during the 3rd quarter worth $4,663,000. Institutional investors and hedge funds own 95.30% of the company's stock.

Affiliated Managers Group Trading Down 1.2 %

NYSE AMG traded down $2.26 during trading on Friday, hitting $186.59. 209,837 shares of the company's stock were exchanged, compared to its average volume of 234,461. The company 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, Inc. has a fifty-two week low of $145.36 and a fifty-two week high of $199.52. The stock's 50 day moving average price is $187.62 and its two-hundred day moving average price is $174.00.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $525.20 million for the quarter, compared to analyst estimates of $521.87 million. During the same quarter in the prior year, the company earned $4.08 earnings per share. Affiliated Managers Group's revenue for the quarter was up 1.7% compared to the same quarter last year. 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 disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Thursday, November 14th. Affiliated Managers Group's dividend payout ratio (DPR) is 0.26%.

Analysts Set New Price Targets

A number of research analysts recently commented on AMG shares. Barrington Research dropped their price target on Affiliated Managers Group from $210.00 to $200.00 and set an "outperform" rating for the company 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 dropped their target price for the company from $226.00 to $177.00 in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a "buy" rating in a research report 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. Based on data from MarketBeat.com, Affiliated Managers Group currently has a consensus rating of "Hold" and an average price target of $196.50.

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.