Affiliated Managers Group, Inc. $AMG Shares Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies raised its stake in Affiliated Managers Group by 188.2% in Q3 to 6,549 shares (about $1.56M), and institutional investors now own roughly 95.30% of AMG.
• AMG beat on earnings with $9.48 EPS vs. $8.75 est. while revenue of $556.6M missed estimates; the firm reported a 34.6% net margin and 18.45% return on equity, with revenue up 6.2% year-over-year.
• Shares opened at $299.45 (12‑month range $139.22–$334.78) with a market cap of $7.99B and a PE of 12.97; analysts show a consensus "Moderate Buy" and an average target of $350.14 (seven Buy, one Hold).

Quantbot Technologies LP raised its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 188.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,549 shares of the asset manager's stock after purchasing an additional 4,277 shares during the quarter. Quantbot Technologies LP's holdings in Affiliated Managers Group were worth $1,561,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AMG. Carrera Capital Advisors purchased a new stake in Affiliated Managers Group during the third quarter worth approximately $4,295,000. Allianz Asset Management GmbH lifted its holdings in shares of Affiliated Managers Group by 14.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 393,161 shares of the asset manager's stock valued at $93,741,000 after acquiring an additional 50,219 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in Affiliated Managers Group by 103.0% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 20,100 shares of the asset manager's stock worth $4,792,000 after purchasing an additional 10,200 shares during the period. Oliver Luxxe Assets LLC acquired a new stake in Affiliated Managers Group in the 3rd quarter valued at $2,673,000. Finally, LSV Asset Management increased its holdings in Affiliated Managers Group by 0.7% in the 3rd quarter. LSV Asset Management now owns 479,624 shares of the asset manager's stock valued at $114,357,000 after purchasing an additional 3,400 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company's stock.

Affiliated Managers Group Stock Down 1.2%

Shares of NYSE:AMG opened at $299.45 on Friday. Affiliated Managers Group, Inc. has a 12-month low of $139.22 and a 12-month high of $334.78. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.64. The firm has a market cap of $7.99 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 0.48 and a beta of 1.18. The company has a fifty day simple moving average of $310.03 and a 200 day simple moving average of $269.75.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its earnings results on Thursday, February 12th. The asset manager reported $9.48 earnings per share for the quarter, topping the consensus estimate of $8.75 by $0.73. The company had revenue of $556.60 million during the quarter, compared to the consensus estimate of $578.54 million. Affiliated Managers Group had a net margin of 34.55% and a return on equity of 18.45%. The company's revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.53 EPS. On average, equities research analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, February 23rd will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, February 23rd. This represents a $0.04 annualized dividend and a yield of 0.0%. Affiliated Managers Group's dividend payout ratio is presently 0.17%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. TD Cowen reaffirmed a "buy" rating on shares of Affiliated Managers Group in a research report on Wednesday, January 14th. Weiss Ratings restated a "buy (b-)" rating on shares of Affiliated Managers Group in a report on Wednesday, January 21st. Wall Street Zen raised shares of Affiliated Managers Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 21st. The Goldman Sachs Group boosted their target price on shares of Affiliated Managers Group from $300.00 to $341.00 and gave the stock a "buy" rating in a research report on Tuesday, January 6th. Finally, Zacks Research downgraded shares of Affiliated Managers Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 15th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Affiliated Managers Group has a consensus rating of "Moderate Buy" and an average target price of $350.14.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc NYSE: AMG is a global asset management holding company that partners with boutique investment firms. Founded in 1993 and headquartered in West Palm Beach, Florida, AMG invests in and collaborates with independent investment managers to foster growth while preserving their entrepreneurial culture. Through equity stakes and strategic support, the company aims to enhance its affiliates' distribution capabilities, operational infrastructure and access to capital.

The company's core business activities include providing capital solutions, distribution services and operational support to affiliated investment firms.

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