Quadrature Capital Ltd Buys 2,426 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Quadrature Capital Ltd increased its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 15.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,451 shares of the asset manager’s stock after acquiring an additional 2,426 shares during the period. Quadrature Capital Ltd’s holdings in Affiliated Managers Group were worth $3,279,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Ensign Peak Advisors Inc grew its position in shares of Affiliated Managers Group by 0.6% during the 2nd quarter. Ensign Peak Advisors Inc now owns 9,902 shares of the asset manager’s stock worth $1,547,000 after buying an additional 60 shares during the period. Covestor Ltd boosted its stake in Affiliated Managers Group by 21.4% in the third quarter. Covestor Ltd now owns 471 shares of the asset manager’s stock valued at $84,000 after acquiring an additional 83 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in Affiliated Managers Group by 1.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,712 shares of the asset manager’s stock worth $838,000 after acquiring an additional 90 shares during the period. Kendall Capital Management raised its position in shares of Affiliated Managers Group by 2.5% during the 2nd quarter. Kendall Capital Management now owns 4,135 shares of the asset manager’s stock valued at $646,000 after acquiring an additional 100 shares during the last quarter. Finally, Foundry Partners LLC lifted its stake in shares of Affiliated Managers Group by 3.0% in the 3rd quarter. Foundry Partners LLC now owns 3,781 shares of the asset manager’s stock valued at $672,000 after purchasing an additional 110 shares during the period. 95.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AMG shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Barrington Research lowered 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. Finally, TD Cowen lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $226.00 to $177.00 in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Affiliated Managers Group presently has an average rating of “Hold” and a consensus price target of $196.50.

Affiliated Managers Group Trading Down 0.5 %

AMG stock opened at $185.11 on Friday. Affiliated Managers Group, Inc. has a 1-year low of $135.22 and a 1-year high of $199.52. The business’s 50-day moving average price is $186.63 and its two-hundred day moving average price is $172.85. The firm has a market cap of $5.60 billion, a PE ratio of 12.08, a P/E/G ratio of 0.68 and a beta of 1.15.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share for the quarter, missing the consensus estimate of $4.84 by ($0.02). Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The business had revenue of $525.20 million for the quarter, compared to the consensus estimate of $521.87 million. During the same quarter last year, the firm earned $4.08 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts forecast that Affiliated Managers Group, Inc. will post 20.91 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were given 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 was Thursday, November 14th. Affiliated Managers Group’s dividend payout ratio 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.