1,351 Shares in Affiliated Managers Group, Inc. (NYSE:AMG) Acquired by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC bought a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,351 shares of the asset manager’s stock, valued at approximately $240,000.

A number of other institutional investors have also made changes to their positions in the business. Ariel Investments LLC increased its holdings in shares of Affiliated Managers Group by 8.7% during the 2nd quarter. Ariel Investments LLC now owns 1,442,817 shares of the asset manager’s stock worth $225,411,000 after acquiring an additional 115,808 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Affiliated Managers Group by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 826,123 shares of the asset manager’s stock valued at $129,065,000 after buying an additional 30,059 shares in the last quarter. LSV Asset Management grew its holdings in Affiliated Managers Group by 0.8% in the 2nd quarter. LSV Asset Management now owns 240,504 shares of the asset manager’s stock valued at $37,574,000 after buying an additional 2,000 shares in the last quarter. Raymond James & Associates grew its holdings in Affiliated Managers Group by 9.6% in the 2nd quarter. Raymond James & Associates now owns 234,647 shares of the asset manager’s stock valued at $36,659,000 after buying an additional 20,514 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in Affiliated Managers Group by 6.7% in the 3rd quarter. New York State Common Retirement Fund now owns 185,147 shares of the asset manager’s stock valued at $32,919,000 after buying an additional 11,565 shares in the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Affiliated Managers Group Stock Up 0.0 %

Shares of AMG stock opened at $189.25 on Wednesday. Affiliated Managers Group, Inc. has a twelve month low of $131.34 and a twelve month high of $199.52. The company has a market cap of $5.72 billion, a P/E ratio of 12.33, a P/E/G ratio of 0.68 and a beta of 1.18. The business has a fifty day simple moving average of $185.08 and a 200 day simple moving average of $171.46.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share for the quarter, missing the consensus estimate of $4.84 by ($0.02). The business 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%. Affiliated Managers Group’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.08 earnings per share. As a group, equities research analysts anticipate that Affiliated Managers Group, Inc. will post 21.01 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

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

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.