Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP cut its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 41.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,882 shares of the asset manager’s stock after selling 2,714 shares during the period. GSA Capital Partners LLP’s holdings in Affiliated Managers Group were worth $690,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AMG. Ensign Peak Advisors Inc boosted its holdings in Affiliated Managers Group by 0.6% in the second quarter. Ensign Peak Advisors Inc now owns 9,902 shares of the asset manager’s stock valued at $1,547,000 after purchasing an additional 60 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Affiliated Managers Group by 0.5% during the 1st quarter. Blair William & Co. IL now owns 12,924 shares of the asset manager’s stock valued at $2,164,000 after buying an additional 69 shares during the last quarter. Covestor Ltd grew its position in shares of Affiliated Managers Group by 21.4% during the third quarter. Covestor Ltd now owns 471 shares of the asset manager’s stock worth $84,000 after buying an additional 83 shares in the last quarter. Kendall Capital Management grew its position in shares of Affiliated Managers Group by 2.5% during the second quarter. Kendall Capital Management now owns 4,135 shares of the asset manager’s stock worth $646,000 after buying an additional 100 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Affiliated Managers Group by 4.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,261 shares of the asset manager’s stock worth $546,000 after buying an additional 150 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Trading Down 0.4 %

Shares of Affiliated Managers Group stock opened at $186.42 on Monday. Affiliated Managers Group, Inc. has a twelve month low of $131.34 and a twelve month high of $199.52. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 0.68 and a beta of 1.18. The business’s 50 day simple moving average is $182.85 and its 200-day simple moving average is $170.26.

Affiliated Managers Group (NYSE:AMG) last posted 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). The company had revenue of $525.20 million during the quarter, compared to the consensus estimate of $521.87 million. Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.08 earnings per share. Sell-side analysts predict that Affiliated Managers Group, Inc. will post 21.01 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have weighed in on AMG. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Bank of America lifted their price target on Affiliated Managers Group from $200.00 to $201.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. TD Cowen cut Affiliated Managers Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $226.00 to $177.00 in a research note on Tuesday, November 5th. StockNews.com lowered Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Finally, Barrington Research reduced their price objective on Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $196.50.

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.