Affiliated Managers Group, Inc. (NYSE:AMG) Short Interest Up 17.4% in May

Affiliated Managers Group, Inc. (NYSE:AMG - Get Free Report) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totalling 865,200 shares, an increase of 17.4% from the April 30th total of 737,000 shares. Based on an average daily volume of 258,400 shares, the short-interest ratio is currently 3.3 days. Approximately 3.2% of the company's stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its holdings in Affiliated Managers Group by 79.5% during the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock valued at $26,000 after purchasing an additional 62 shares during the last quarter. Millstone Evans Group LLC increased its holdings in shares of Affiliated Managers Group by 154.5% in the first quarter. Millstone Evans Group LLC now owns 168 shares of the asset manager's stock valued at $28,000 after purchasing an additional 102 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Affiliated Managers Group by 70.8% in the first quarter. Versant Capital Management Inc now owns 181 shares of the asset manager's stock valued at $30,000 after purchasing an additional 75 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Affiliated Managers Group in the first quarter valued at about $36,000. Finally, Private Trust Co. NA lifted its stake in shares of Affiliated Managers Group by 131.9% during the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager's stock worth $40,000 after buying an additional 124 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors.

Affiliated Managers Group Stock Up 1.1%

AMG stock traded up $1.95 during mid-day trading on Friday, reaching $182.30. The company had a trading volume of 98,235 shares, compared to its average volume of 232,482. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 0.57 and a beta of 1.08. Affiliated Managers Group has a 52 week low of $139.22 and a 52 week high of $199.52. The stock has a 50 day simple moving average of $168.23 and a two-hundred day simple moving average of $174.92. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The asset manager reported $5.20 EPS for the quarter, beating analysts' consensus estimates of $5.10 by $0.10. The company had revenue of $496.60 million during the quarter, compared to the consensus estimate of $508.00 million. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. During the same quarter last year, the firm posted $5.37 EPS. As a group, equities analysts predict that Affiliated Managers Group will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a $0.01 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group's payout ratio is 0.30%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. TD Cowen cut their price target 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. Barrington Research cut their target price on Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Bank of America decreased their price target on shares of Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Wall Street Zen upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. Finally, Cowen restated a "hold" rating on shares of Affiliated Managers Group in a report on Wednesday, May 14th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $192.40.

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.