GAMMA Investing LLC Has $21.18 Million Stock Position in Affiliated Managers Group, Inc. (NYSE:AMG)

GAMMA Investing LLC grew its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 14,091.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 126,023 shares of the asset manager's stock after acquiring an additional 125,135 shares during the quarter. GAMMA Investing LLC owned about 0.43% of Affiliated Managers Group worth $21,176,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp raised its position in Affiliated Managers Group by 79.5% during the fourth 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 in the last quarter. Versant Capital Management Inc increased its stake in shares of Affiliated Managers Group by 70.8% in the 1st 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 last quarter. Private Trust Co. NA lifted its position 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. New Age Alpha Advisors LLC bought a new position in shares of Affiliated Managers Group in the fourth quarter worth about $70,000. Finally, Lingohr Asset Management GmbH acquired a new stake in Affiliated Managers Group in the fourth quarter valued at approximately $204,000. 95.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AMG shares. Bank of America cut their price objective on Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. 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 research note on Wednesday, April 9th. Wall Street Zen upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a report on Saturday, May 31st. Barrington Research dropped their price objective on shares of 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 reiterated a "hold" rating on shares of Affiliated Managers Group in a research 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, Affiliated Managers Group presently has a consensus rating of "Hold" and a consensus price target of $192.40.

Affiliated Managers Group Trading Up 1.1%

Shares of NYSE AMG traded up $1.95 during trading on Friday, reaching $182.30. The company had a trading volume of 98,235 shares, compared to its average volume of 232,349. The stock has a market cap of $5.18 billion, a P/E ratio of 12.07, a PEG ratio of 0.57 and a beta of 1.08. The company's fifty day moving average price is $168.49 and its 200-day moving average price is $174.92. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.61. Affiliated Managers Group, Inc. has a 12 month low of $139.22 and a 12 month high of $199.52.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The asset manager reported $5.20 EPS for the quarter, topping analysts' consensus estimates of $5.10 by $0.10. The company had revenue of $496.60 million for the quarter, compared to analyst estimates 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 firm earned $5.37 earnings per share. As a group, research analysts expect that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Monday, May 19th. Affiliated Managers Group's dividend payout ratio (DPR) 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.