Ashton Thomas Securities LLC Invests $30,000 in Affiliated Managers Group, Inc. (NYSE:AMG)

Ashton Thomas Securities LLC acquired a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 168 shares of the asset manager’s stock, valued at approximately $30,000.

A number of other hedge funds have also bought and sold shares of the company. Ariel Investments LLC boosted its position in Affiliated Managers Group by 8.7% during the second quarter. Ariel Investments LLC now owns 1,442,817 shares of the asset manager’s stock valued at $225,411,000 after acquiring an additional 115,808 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Affiliated Managers Group by 150.1% during the 2nd quarter. Victory Capital Management Inc. now owns 99,407 shares of the asset manager’s stock valued at $15,530,000 after purchasing an additional 59,659 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Affiliated Managers Group by 36.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 177,530 shares of the asset manager’s stock worth $29,731,000 after purchasing an additional 47,239 shares during the period. Los Angeles Capital Management LLC increased 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 purchasing an additional 41,413 shares in the last quarter. Finally, Algert Global LLC lifted its stake 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 valued at $13,944,000 after buying an additional 38,206 shares during the period. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Price Performance

NYSE:AMG opened at $187.20 on Friday. Affiliated Managers Group, Inc. has a one year low of $131.34 and a one year high of $199.52. The company has a market cap of $5.58 billion, a PE ratio of 12.21, a PEG ratio of 0.67 and a beta of 1.18. The firm has a 50-day moving average of $182.40 and a 200-day moving average of $169.89.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 16.76% and a net margin of 27.02%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $4.08 earnings per share. On average, equities research analysts expect that Affiliated Managers Group, Inc. will post 21.01 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend is Thursday, November 14th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.26%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barrington Research reduced their price objective on shares of Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. TD Cowen lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $226.00 to $177.00 in a report on Tuesday, November 5th. Bank of America raised their target price on Affiliated Managers Group from $200.00 to $201.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. StockNews.com downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft raised 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $196.50.

Insider Buying and Selling at Affiliated Managers Group

In related news, CEO Jay C. Horgen sold 9,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $171.98, for a total transaction of $1,547,820.00. Following the transaction, the chief executive officer now directly owns 377,276 shares of the company’s stock, valued at $64,883,926.48. This trade represents a 2.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.90% of the company’s stock.

About Affiliated Managers Group

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.