Two Sigma Investments LP Purchases 3,295 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Two Sigma Investments LP grew its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 18.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,569 shares of the asset manager's stock after purchasing an additional 3,295 shares during the quarter. Two Sigma Investments LP owned approximately 0.07% of Affiliated Managers Group worth $3,989,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. ProShare Advisors LLC boosted its stake in shares of Affiliated Managers Group by 8.8% during the fourth quarter. ProShare Advisors LLC now owns 1,415 shares of the asset manager's stock valued at $262,000 after purchasing an additional 115 shares during the period. Quantinno Capital Management LP boosted its stake in shares of Affiliated Managers Group by 21.9% during the fourth quarter. Quantinno Capital Management LP now owns 14,705 shares of the asset manager's stock valued at $2,719,000 after purchasing an additional 2,639 shares during the period. Nomura Holdings Inc. purchased a new stake in shares of Affiliated Managers Group during the fourth quarter valued at $1,278,000. NorthRock Partners LLC purchased a new stake in shares of Affiliated Managers Group during the fourth quarter valued at $221,000. Finally, Millennium Management LLC boosted its stake in shares of Affiliated Managers Group by 119.2% during the fourth quarter. Millennium Management LLC now owns 305,497 shares of the asset manager's stock valued at $56,493,000 after purchasing an additional 166,144 shares during the period. 95.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AMG shares. Wall Street Zen raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Saturday. TD Cowen lowered their target price on shares of Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Bank of America lowered their target price 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. Barrington Research decreased their price objective on Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Finally, Cowen restated a "hold" rating on shares of Affiliated Managers Group in a report on Wednesday, May 14th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $192.40.

Affiliated Managers Group Stock Up 2.0%

Shares of AMG stock traded up $3.50 on Monday, hitting $179.50. The stock had a trading volume of 376,987 shares, compared to its average volume of 233,856. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average price of $167.55 and a 200 day moving average price of $174.89. The company has a market cap of $5.10 billion, a PE ratio of 11.89, a P/E/G ratio of 0.57 and a beta of 1.06. Affiliated Managers Group, Inc. has a one year low of $139.22 and a one year high of $199.52.

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

Affiliated Managers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. Affiliated Managers Group's dividend payout ratio is presently 0.30%.

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.