Universal Beteiligungs und Servicegesellschaft mbH Has $11.18 Million Position in Affiliated Managers Group, Inc. $AMG

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 8.5% in the third quarter, Holdings Channel reports. The institutional investor owned 46,905 shares of the asset manager’s stock after buying an additional 3,662 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Affiliated Managers Group were worth $11,184,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. LSV Asset Management grew its stake in shares of Affiliated Managers Group by 1.7% during the 2nd quarter. LSV Asset Management now owns 476,224 shares of the asset manager’s stock worth $93,707,000 after acquiring an additional 8,140 shares in the last quarter. Norges Bank bought a new position in Affiliated Managers Group in the second quarter valued at $71,779,000. Allianz Asset Management GmbH grew its position in Affiliated Managers Group by 10.8% in the second quarter. Allianz Asset Management GmbH now owns 342,942 shares of the asset manager’s stock valued at $67,481,000 after purchasing an additional 33,415 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in Affiliated Managers Group by 3,811.8% in the 2nd quarter. Balyasny Asset Management L.P. now owns 311,383 shares of the asset manager’s stock valued at $61,271,000 after buying an additional 303,423 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Affiliated Managers Group by 18.1% during the 2nd quarter. First Trust Advisors LP now owns 234,679 shares of the asset manager’s stock worth $46,178,000 after buying an additional 36,045 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Down 3.1%

AMG opened at $319.29 on Friday. The stock’s fifty day simple moving average is $286.96 and its 200 day simple moving average is $249.92. Affiliated Managers Group, Inc. has a 1-year low of $139.22 and a 1-year high of $333.99. The stock has a market cap of $8.98 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 0.59 and a beta of 1.19. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Monday, November 3rd. The asset manager reported $6.10 EPS for the quarter, beating the consensus estimate of $5.88 by $0.22. The firm had revenue of $528.00 million for the quarter, compared to the consensus estimate of $543.39 million. Affiliated Managers Group had a net margin of 26.01% and a return on equity of 16.75%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $4.82 earnings per share. As a group, research analysts expect that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Thursday, November 13th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Thursday, November 13th. Affiliated Managers Group’s dividend payout ratio is currently 0.24%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wall Street Zen downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Affiliated Managers Group in a research report on Wednesday. TD Cowen reissued a “buy” rating on shares of Affiliated Managers Group in a report on Wednesday, January 14th. The Goldman Sachs Group raised their target price on shares of Affiliated Managers Group from $300.00 to $341.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Finally, Zacks Research lowered shares of Affiliated Managers Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Affiliated Managers Group currently has an average rating of “Moderate Buy” and a consensus price target of $340.50.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc (NYSE: AMG) is a global asset management holding company that partners with boutique investment firms. Founded in 1993 and headquartered in West Palm Beach, Florida, AMG invests in and collaborates with independent investment managers to foster growth while preserving their entrepreneurial culture. Through equity stakes and strategic support, the company aims to enhance its affiliates’ distribution capabilities, operational infrastructure and access to capital.

The company’s core business activities include providing capital solutions, distribution services and operational support to affiliated investment firms.