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Affiliated Managers Group, Inc. (NYSE:AMG) Stake Decreased by Y Intercept Hong Kong Ltd

Affiliated Managers Group logo with Finance background

Y Intercept Hong Kong Ltd decreased its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 52.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,518 shares of the asset manager's stock after selling 3,864 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Affiliated Managers Group were worth $626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMG. Ashton Thomas Securities LLC acquired a new stake in Affiliated Managers Group during the third quarter worth approximately $30,000. Altshuler Shaham Ltd acquired a new position in Affiliated Managers Group in the 2nd quarter valued at $28,000. UMB Bank n.a. lifted its stake in shares of Affiliated Managers Group by 481.3% during the 3rd quarter. UMB Bank n.a. now owns 186 shares of the asset manager's stock worth $33,000 after purchasing an additional 154 shares during the period. Prospera Private Wealth LLC acquired a new stake in shares of Affiliated Managers Group during the third quarter worth $47,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Affiliated Managers Group in the third quarter valued at $49,000. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AMG. Deutsche Bank Aktiengesellschaft upped 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. Barrington Research decreased their target price on shares of 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. Finally, TD Cowen downgraded 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 research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $196.50.

View Our Latest Report on AMG

Affiliated Managers Group Price Performance

Shares of AMG stock traded down $2.26 on Friday, hitting $186.59. 209,837 shares of the stock traded hands, compared to its average volume of 234,461. The company's fifty day moving average is $187.62 and its 200 day moving average is $174.21. Affiliated Managers Group, Inc. has a 1-year low of $145.36 and a 1-year high of $199.52. The company has a market capitalization of $5.64 billion, a PE ratio of 12.17, a PEG ratio of 0.69 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its earnings results on Monday, November 4th. The asset manager reported $4.82 earnings per share 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 business had revenue of $525.20 million for the quarter, compared to analyst estimates of $521.87 million. During the same period last year, the company posted $4.08 earnings per share. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. As a group, equities research analysts expect that Affiliated Managers Group, Inc. will post 20.91 EPS for the current year.

Affiliated Managers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Thursday, November 14th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. Affiliated Managers Group's dividend payout ratio is currently 0.26%.

Affiliated Managers Group Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

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