Quantinno Capital Management LP Purchases 2,639 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Quantinno Capital Management LP grew its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 21.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 14,705 shares of the asset manager’s stock after buying an additional 2,639 shares during the quarter. Quantinno Capital Management LP’s holdings in Affiliated Managers Group were worth $2,719,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Boston Partners increased its position in Affiliated Managers Group by 46.1% during the 4th quarter. Boston Partners now owns 1,184,130 shares of the asset manager’s stock valued at $218,975,000 after buying an additional 373,696 shares in the last quarter. Norges Bank purchased a new stake in shares of Affiliated Managers Group in the fourth quarter worth about $68,683,000. LSV Asset Management raised its position in Affiliated Managers Group by 79.1% during the fourth quarter. LSV Asset Management now owns 423,994 shares of the asset manager’s stock valued at $78,405,000 after purchasing an additional 187,290 shares during the period. Millennium Management LLC raised its holdings in shares of Affiliated Managers Group by 119.2% in the fourth quarter. Millennium Management LLC now owns 305,497 shares of the asset manager’s stock worth $56,493,000 after buying an additional 166,144 shares during the period. Finally, Bank of America Corp DE grew its stake in Affiliated Managers Group by 541.7% in the fourth quarter. Bank of America Corp DE now owns 186,030 shares of the asset manager’s stock worth $34,401,000 after purchasing an additional 157,042 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Performance

Shares of AMG opened at $181.41 on Wednesday. The stock has a 50-day simple moving average of $166.30 and a 200-day simple moving average of $175.46. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13. The stock has a market capitalization of $5.16 billion, a PE ratio of 12.01, a PEG ratio of 0.57 and a beta of 1.06. Affiliated Managers Group, Inc. has a 1 year low of $139.22 and a 1 year high of $199.52.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Thursday, May 8th. The asset manager reported $5.20 earnings per share for the quarter, topping the consensus estimate of $5.10 by $0.10. Affiliated Managers Group had a return on equity of 16.17% and a net margin of 25.06%. The business had revenue of $496.60 million for the quarter, compared to analyst estimates of $508.00 million. During the same quarter last year, the company earned $5.37 EPS. On average, analysts predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date is Monday, May 19th. Affiliated Managers Group’s payout ratio is currently 0.30%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Barrington Research dropped their target price on Affiliated Managers Group from $215.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Bank of America dropped their target price on Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. TD Cowen lowered their target price on Affiliated Managers Group from $187.00 to $168.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Finally, Cowen reaffirmed a “hold” rating on shares of Affiliated Managers Group in a research report on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $192.40.

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.