Affiliated Managers Group, Inc. (NYSE:AMG) Shares Acquired by Martingale Asset Management L P

Martingale Asset Management L P increased its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,990 shares of the asset manager’s stock after acquiring an additional 458 shares during the quarter. Martingale Asset Management L P’s holdings in Affiliated Managers Group were worth $5,332,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Ariel Investments LLC lifted its stake in shares of Affiliated Managers Group by 8.7% in the second quarter. Ariel Investments LLC now owns 1,442,817 shares of the asset manager’s stock worth $225,411,000 after acquiring an additional 115,808 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Affiliated Managers Group by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 826,123 shares of the asset manager’s stock worth $129,065,000 after acquiring an additional 30,059 shares in the last quarter. LSV Asset Management lifted its stake in shares of Affiliated Managers Group by 0.8% in the second quarter. LSV Asset Management now owns 240,504 shares of the asset manager’s stock worth $37,574,000 after acquiring an additional 2,000 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Affiliated Managers Group by 9.6% in the second quarter. Raymond James & Associates now owns 234,647 shares of the asset manager’s stock worth $36,659,000 after acquiring an additional 20,514 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of Affiliated Managers Group by 6.7% in the third quarter. New York State Common Retirement Fund now owns 185,147 shares of the asset manager’s stock worth $32,919,000 after acquiring an additional 11,565 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Analyst Upgrades and Downgrades

AMG has been the topic of several research reports. TD Cowen cut Affiliated Managers Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $226.00 to $177.00 in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price objective on Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Barrington Research cut their price objective on Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $196.50.

Affiliated Managers Group Trading Down 0.3 %

NYSE:AMG opened at $187.98 on Friday. The firm has a market capitalization of $5.68 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 0.69 and a beta of 1.18. The stock has a 50 day moving average of $185.78 and a 200-day moving average of $171.91. Affiliated Managers Group, Inc. has a 52 week low of $134.61 and a 52 week high of $199.52.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Monday, November 4th. The asset manager reported $4.82 EPS for the quarter, missing the consensus estimate of $4.84 by ($0.02). The company had revenue of $525.20 million for the quarter, compared to the consensus estimate of $521.87 million. Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the company posted $4.08 earnings per share. As a group, analysts predict that Affiliated Managers Group, Inc. will post 20.91 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were issued 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 of this dividend was Thursday, November 14th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.26%.

Affiliated Managers Group 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.