Deutsche Bank AG Has $9.34 Million Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Key Points

• Deutsche Bank AG has increased its stake in Affiliated Managers Group, Inc. by 16.8%, owning a total of 55,611 shares valued at approximately $9.34 million as of the latest SEC filing.
• Affiliated Managers Group recently reported $5.39 earnings per share for the quarter, exceeding analysts' estimates, although revenue saw a 1.4% year-over-year decline.
• The company announced a quarterly dividend of $0.01 per share, with an ex-dividend date on August 11th, leading to an annualized dividend of $0.04.

Deutsche Bank AG boosted its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 16.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,611 shares of the asset manager's stock after buying an additional 7,999 shares during the period. Deutsche Bank AG owned approximately 0.19% of Affiliated Managers Group worth $9,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMG. LSV Asset Management lifted its holdings in shares of Affiliated Managers Group by 10.4% in the 1st quarter. LSV Asset Management now owns 468,084 shares of the asset manager's stock valued at $78,652,000 after purchasing an additional 44,090 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in Affiliated Managers Group in the first quarter worth about $405,000. US Bancorp DE raised its holdings in Affiliated Managers Group by 15.8% during the first quarter. US Bancorp DE now owns 3,957 shares of the asset manager's stock worth $665,000 after purchasing an additional 541 shares in the last quarter. Goodman Financial Corp grew its position in Affiliated Managers Group by 1.6% during the 1st quarter. Goodman Financial Corp now owns 80,806 shares of the asset manager's stock worth $13,578,000 after purchasing an additional 1,301 shares in the last quarter. Finally, XTX Topco Ltd lifted its stake in shares of Affiliated Managers Group by 189.9% in the 1st quarter. XTX Topco Ltd now owns 14,695 shares of the asset manager's stock valued at $2,469,000 after purchasing an additional 9,626 shares during the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Down 1.9%

AMG stock traded down $4.30 on Friday, reaching $218.69. 129,889 shares of the company's stock were exchanged, compared to its average volume of 166,712. Affiliated Managers Group, Inc. has a twelve month low of $139.22 and a twelve month high of $224.30. The stock has a fifty day moving average of $201.92 and a 200-day moving average of $180.43. The firm has a market cap of $6.21 billion, a PE ratio of 15.96, a P/E/G ratio of 0.62 and a beta of 1.14.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The asset manager reported $5.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.26 by $0.13. The business had revenue of $493.20 million for the quarter, compared to the consensus estimate of $506.46 million. Affiliated Managers Group had a return on equity of 16.11% and a net margin of 21.79%. The business's revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business posted $4.67 EPS. On average, equities research analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Monday, August 11th will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, August 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. Affiliated Managers Group's dividend payout ratio (DPR) is 0.29%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AMG shares. Barrington Research reissued an "outperform" rating and set a $200.00 price target on shares of Affiliated Managers Group in a research note on Tuesday, July 29th. Cowen upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Monday, August 4th. TD Cowen raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating and raised their target price for the company from $214.00 to $255.00 in a research note on Monday, August 4th. Wall Street Zen lowered Affiliated Managers Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Finally, The Goldman Sachs Group raised Affiliated Managers Group from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $197.00 to $218.00 in a report on Friday, June 27th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Affiliated Managers Group presently has an average rating of "Moderate Buy" and a consensus price target of $215.20.

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.