Centiva Capital LP Invests $1.31 Million in Affiliated Managers Group, Inc. (NYSE:AMG)

Centiva Capital LP purchased a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,345 shares of the asset manager’s stock, valued at approximately $1,306,000.

A number of other large investors have also made changes to their positions in the business. Basswood Capital Management L.L.C. increased its position in shares of Affiliated Managers Group by 22.7% during the third quarter. Basswood Capital Management L.L.C. now owns 131,981 shares of the asset manager’s stock worth $23,466,000 after purchasing an additional 24,379 shares in the last quarter. Paloma Partners Management Co acquired a new position in shares of Affiliated Managers Group during the third quarter worth $444,000. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Affiliated Managers Group by 153.4% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,228 shares of the asset manager’s stock worth $1,641,000 after purchasing an additional 5,587 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Affiliated Managers Group during the third quarter worth $637,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Affiliated Managers Group during the third quarter worth $215,000. 95.30% of the stock is owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Performance

NYSE:AMG opened at $186.03 on Thursday. Affiliated Managers Group, Inc. has a one year low of $135.22 and a one year high of $199.52. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.68 and a beta of 1.15. The firm’s fifty day moving average is $186.25 and its two-hundred day moving average is $172.67.

Affiliated Managers Group (NYSE:AMG) last posted 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 analysts’ expectations of $521.87 million. During the same period in the previous year, the company posted $4.08 earnings per share. Affiliated Managers Group’s revenue for the quarter 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 fiscal year.

Affiliated Managers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 14th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Thursday, November 14th. Affiliated Managers Group’s payout ratio is 0.26%.

Wall Street Analyst Weigh In

AMG has been the topic of several research reports. TD Cowen downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating and cut their target price for the company from $226.00 to $177.00 in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their target price on Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Barrington Research cut their target price on Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $196.50.

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.