275 Shares in Affiliated Managers Group, Inc. (NYSE:AMG) Acquired by Brooklyn Investment Group

Brooklyn Investment Group bought a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 275 shares of the asset manager’s stock, valued at approximately $49,000.

Several other large investors have also added to or reduced their stakes in the business. Ariel Investments LLC boosted its holdings in 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. Victory Capital Management Inc. boosted its holdings in Affiliated Managers Group by 150.1% in the second quarter. Victory Capital Management Inc. now owns 99,407 shares of the asset manager’s stock worth $15,530,000 after acquiring an additional 59,659 shares in the last quarter. Bank of Montreal Can boosted its holdings in Affiliated Managers Group by 328.2% in the third quarter. Bank of Montreal Can now owns 70,457 shares of the asset manager’s stock worth $12,420,000 after acquiring an additional 54,003 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in Affiliated Managers Group by 70.6% in the third quarter. Los Angeles Capital Management LLC now owns 100,072 shares of the asset manager’s stock worth $17,793,000 after acquiring an additional 41,413 shares in the last quarter. Finally, Algert Global LLC boosted its holdings in Affiliated Managers Group by 74.8% in the second quarter. Algert Global LLC now owns 89,254 shares of the asset manager’s stock worth $13,944,000 after acquiring an additional 38,206 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price target on Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a report on Monday, November 11th. TD Cowen lowered Affiliated Managers Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $226.00 to $177.00 in a report on Tuesday, November 5th. Finally, Barrington Research dropped their target price on Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Affiliated Managers Group presently has an average rating of “Hold” and an average target price of $196.50.

Affiliated Managers Group Trading Down 0.3 %

Shares of AMG opened at $187.98 on Friday. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 12.26, a PEG 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 12 month low of $134.61 and a 12 month high of $199.52.

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

Affiliated Managers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Thursday, November 14th. Affiliated Managers Group’s dividend payout ratio is currently 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.