5,069 Shares in Affiliated Managers Group, Inc. (NYSE:AMG) Acquired by XTX Topco Ltd

XTX Topco Ltd bought a new stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,069 shares of the asset manager's stock, valued at approximately $937,000.

Other hedge funds have also made changes to their positions in the company. Barclays PLC raised its holdings in shares of Affiliated Managers Group by 261.0% during the third quarter. Barclays PLC now owns 76,488 shares of the asset manager's stock valued at $13,600,000 after buying an additional 55,302 shares during the last quarter. SkyView Investment Advisors LLC boosted its position in Affiliated Managers Group by 2.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 5,818 shares of the asset manager's stock worth $1,034,000 after acquiring an additional 137 shares during the period. World Investment Advisors LLC bought a new position in shares of Affiliated Managers Group in the third quarter worth $2,592,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Affiliated Managers Group during the third quarter valued at about $46,000. Finally, Franklin Resources Inc. increased its stake in Affiliated Managers Group by 18.3% during the 3rd quarter. Franklin Resources Inc. now owns 101,913 shares of the asset manager's stock valued at $19,363,000 after buying an additional 15,746 shares during the period. Institutional investors own 95.30% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on AMG. Bank of America dropped their target price on Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. StockNews.com raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. The Goldman Sachs Group cut shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $193.00 to $191.00 in a report on Monday, January 6th. Barrington Research reduced their target price on Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Finally, TD Cowen reduced their price objective on shares of Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $192.40.

Affiliated Managers Group Stock Up 3.0 %

Shares of AMG traded up $4.62 during trading hours on Tuesday, reaching $158.05. The company's stock had a trading volume of 23,352 shares, compared to its average volume of 235,332. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 10.47, a P/E/G ratio of 0.57 and a beta of 1.09. The company has a 50 day moving average of $163.01 and a two-hundred day moving average of $177.90. Affiliated Managers Group, Inc. has a 1-year low of $139.22 and a 1-year high of $199.52.

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

Affiliated Managers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid 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 0.26%.

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.