Affiliated Managers Group, Inc. (NYSE:AMG) Shares Bought by Quest Partners LLC

Quest Partners LLC grew its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 109.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,268 shares of the asset manager’s stock after purchasing an additional 6,424 shares during the period. Quest Partners LLC’s holdings in Affiliated Managers Group were worth $2,181,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMG. Atlanta Consulting Group Advisors LLC acquired a new stake in shares of Affiliated Managers Group in the 3rd quarter worth $241,000. Natixis Advisors LLC boosted its holdings in Affiliated Managers Group by 3.1% in the 3rd quarter. Natixis Advisors LLC now owns 12,856 shares of the asset manager’s stock valued at $2,286,000 after purchasing an additional 383 shares in the last quarter. OneDigital Investment Advisors LLC increased its position 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 purchasing an additional 90 shares during the period. Huntington National Bank raised its stake in shares of Affiliated Managers Group by 7,575.0% during the 3rd quarter. Huntington National Bank now owns 307 shares of the asset manager’s stock worth $55,000 after buying an additional 303 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Affiliated Managers Group by 17.4% in the 3rd quarter. KBC Group NV now owns 980 shares of the asset manager’s stock valued at $174,000 after buying an additional 145 shares during the period. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AMG shares. Barrington Research dropped their price objective 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. TD Cowen downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and cut their price target for the company from $226.00 to $177.00 in a report on Tuesday, November 5th. Bank of America boosted their price objective on shares of Affiliated Managers Group from $200.00 to $201.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $196.50.

Affiliated Managers Group Trading Down 0.7 %

Shares of NYSE AMG opened at $185.14 on Tuesday. The company’s 50-day moving average price is $183.24 and its 200 day moving average price is $170.44. Affiliated Managers Group, Inc. has a 52 week low of $131.34 and a 52 week high of $199.52. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 0.68 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG) last released its quarterly 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). 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 during the quarter, compared to analyst estimates of $521.87 million. During the same quarter in the prior year, the company earned $4.08 earnings per share. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, research analysts expect that Affiliated Managers Group, Inc. will post 21.01 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date is Thursday, November 14th. Affiliated Managers Group’s 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.