Affiliated Managers Group, Inc. (NYSE:AMG) Shares Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. raised its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 153.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 9,228 shares of the asset manager’s stock after acquiring an additional 5,587 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Affiliated Managers Group were worth $1,641,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Diversified Trust Co acquired a new position in Affiliated Managers Group in the 2nd quarter valued at $1,293,000. Asset Management One Co. Ltd. increased its holdings in shares of Affiliated Managers Group by 94.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 10,594 shares of the asset manager’s stock worth $1,884,000 after buying an additional 5,142 shares during the last quarter. Foundry Partners LLC acquired a new stake in shares of Affiliated Managers Group during the 2nd quarter worth $574,000. XTX Topco Ltd increased its holdings in shares of Affiliated Managers Group by 178.9% during the 2nd quarter. XTX Topco Ltd now owns 5,269 shares of the asset manager’s stock worth $823,000 after buying an additional 3,380 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Affiliated Managers Group by 12.7% during the 2nd quarter. Los Angeles Capital Management LLC now owns 58,659 shares of the asset manager’s stock worth $9,164,000 after buying an additional 6,616 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Price Performance

NYSE:AMG opened at $187.54 on Monday. The firm has a 50-day moving average of $185.98 and a two-hundred day moving average of $172.22. The stock has a market cap of $5.67 billion, a P/E ratio of 12.23, a PEG ratio of 0.69 and a beta of 1.18. Affiliated Managers Group, Inc. has a 1-year low of $134.61 and a 1-year high of $199.52.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share for the quarter, missing analysts’ consensus estimates of $4.84 by ($0.02). The firm had revenue of $525.20 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $4.08 earnings per share. As a group, equities analysts expect that Affiliated Managers Group, Inc. will post 20.91 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. TD Cowen downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $226.00 to $177.00 in a report on Tuesday, November 5th. Barrington Research dropped their price objective on Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $196.50.

Affiliated Managers Group 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.