Affiliated Managers Group, Inc. $AMG Stake Boosted by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 188.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,549 shares of the asset manager’s stock after purchasing an additional 4,277 shares during the quarter. Quantbot Technologies LP’s holdings in Affiliated Managers Group were worth $1,561,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in shares of Affiliated Managers Group in the 2nd quarter worth about $71,779,000. Balyasny Asset Management L.P. raised its stake in Affiliated Managers Group by 3,811.8% during the second quarter. Balyasny Asset Management L.P. now owns 311,383 shares of the asset manager’s stock worth $61,271,000 after acquiring an additional 303,423 shares during the period. Holocene Advisors LP bought a new position in Affiliated Managers Group in the second quarter worth about $19,865,000. Treasurer of the State of North Carolina boosted its stake in Affiliated Managers Group by 124.5% in the second quarter. Treasurer of the State of North Carolina now owns 96,177 shares of the asset manager’s stock valued at $18,925,000 after acquiring an additional 53,330 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in shares of Affiliated Managers Group by 14.6% during the third quarter. Allianz Asset Management GmbH now owns 393,161 shares of the asset manager’s stock valued at $93,741,000 after purchasing an additional 50,219 shares during the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Performance

AMG stock opened at $299.45 on Friday. The company has a 50-day simple moving average of $310.03 and a 200 day simple moving average of $269.75. The company has a market capitalization of $7.99 billion, a P/E ratio of 12.97, a PEG ratio of 0.48 and a beta of 1.18. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.64. Affiliated Managers Group, Inc. has a fifty-two week low of $139.22 and a fifty-two week high of $334.78.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Thursday, February 12th. The asset manager reported $9.48 EPS for the quarter, topping analysts’ consensus estimates of $8.75 by $0.73. The company had revenue of $556.60 million for the quarter, compared to the consensus estimate of $578.54 million. Affiliated Managers Group had a net margin of 34.55% and a return on equity of 18.45%. Affiliated Managers Group’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $6.53 EPS. Sell-side analysts predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, February 23rd will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Monday, February 23rd. Affiliated Managers Group’s dividend payout ratio is 0.17%.

Wall Street Analyst Weigh In

AMG has been the topic of several recent research reports. TD Cowen reissued a “buy” rating on shares of Affiliated Managers Group in a report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft set a $408.00 target price on Affiliated Managers Group and gave the company a “buy” rating in a research note on Friday, February 13th. The Goldman Sachs Group upped their price target on shares of Affiliated Managers Group from $300.00 to $341.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Wall Street Zen raised shares of Affiliated Managers Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Affiliated Managers Group in a research note on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $350.14.

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.