Quantbot Technologies LP Makes New Investment in Affiliated Managers Group, Inc. $AMG

Quantbot Technologies LP acquired a new stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,512 shares of the asset manager’s stock, valued at approximately $850,000.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Affiliated Managers Group during the 2nd quarter valued at $938,294,000. Boston Partners lifted its holdings in Affiliated Managers Group by 2.1% in the 3rd quarter. Boston Partners now owns 1,157,344 shares of the asset manager’s stock worth $275,957,000 after buying an additional 24,217 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Affiliated Managers Group by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 718,313 shares of the asset manager’s stock valued at $198,746,000 after buying an additional 18,865 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Affiliated Managers Group by 20.2% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 685,588 shares of the asset manager’s stock valued at $197,641,000 after buying an additional 115,313 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Affiliated Managers Group by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 551,153 shares of the asset manager’s stock valued at $158,916,000 after acquiring an additional 41,322 shares in the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AMG. TD Cowen reissued a “buy” rating and issued a $454.00 price target on shares of Affiliated Managers Group in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 target price on shares of Affiliated Managers Group in a research report on Monday, May 4th. Zacks Research upgraded Affiliated Managers Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Affiliated Managers Group in a research report on Friday, June 26th. Finally, Barrington Research set a $425.00 price target on shares of Affiliated Managers Group in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to data from MarketBeat, Affiliated Managers Group presently has an average rating of “Buy” and a consensus price target of $370.86.

Insider Buying and Selling at Affiliated Managers Group

In other news, CEO Jay C. Horgen sold 17,500 shares of Affiliated Managers Group stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $338.27, for a total value of $5,919,725.00. Following the completion of the transaction, the chief executive officer directly owned 204,706 shares of the company’s stock, valued at approximately $69,245,898.62. The trade was a 7.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Annette Franqui acquired 750 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were acquired at an average cost of $304.88 per share, with a total value of $228,660.00. Following the transaction, the director owned 1,962 shares in the company, valued at approximately $598,174.56. The trade was a 61.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.90% of the stock is owned by insiders.

Affiliated Managers Group Trading Up 1.7%

Shares of NYSE AMG opened at $371.40 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. The stock’s 50 day moving average price is $359.89 and its two-hundred day moving average price is $321.44. Affiliated Managers Group, Inc. has a 52-week low of $223.44 and a 52-week high of $392.92. The stock has a market capitalization of $9.60 billion, a P/E ratio of 12.86, a PEG ratio of 0.50 and a beta of 1.11.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Thursday, July 30th. The asset manager reported $8.29 EPS for the quarter, topping the consensus estimate of $7.90 by $0.39. The company had revenue of $640.70 million during the quarter, compared to analyst estimates of $590.94 million. Affiliated Managers Group had a return on equity of 21.94% and a net margin of 37.72%.The business’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the firm earned $5.39 EPS. On average, analysts anticipate that Affiliated Managers Group, Inc. will post 36.69 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 10th were paid a dividend of $0.01 per share. The ex-dividend date was Monday, August 10th. This represents a $0.04 annualized dividend and a yield of 0.0%. Affiliated Managers Group’s payout ratio is presently 0.14%.

Affiliated Managers Group 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.