Quantbot Technologies LP Takes Position in Affiliated Managers Group, Inc. $AMG

Key Points

• Quantbot Technologies LP announced a new investment in Affiliated Managers Group, purchasing 12,918 shares for approximately $2.17 million.
• Affiliated Managers Group recently reported an earnings per share of $5.39, exceeding expectations, although revenue fell short of analyst predictions at $493.2 million.
• The company declared a quarterly dividend of $0.01 per share, reflecting an annual yield of 0.0%, and will be paid to shareholders on August 25th.

Quantbot Technologies LP bought a new stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,918 shares of the asset manager's stock, valued at approximately $2,171,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AMG. Mariner LLC grew its position in Affiliated Managers Group by 6.2% during the fourth quarter. Mariner LLC now owns 4,624 shares of the asset manager's stock worth $855,000 after buying an additional 270 shares during the period. Marshall Wace LLP purchased a new stake in Affiliated Managers Group during the fourth quarter worth $3,630,000. First Trust Advisors LP boosted its position in Affiliated Managers Group by 69.7% during the fourth quarter. First Trust Advisors LP now owns 217,571 shares of the asset manager's stock worth $40,233,000 after purchasing an additional 89,395 shares in the last quarter. MetLife Investment Management LLC boosted its position in Affiliated Managers Group by 10.3% during the fourth quarter. MetLife Investment Management LLC now owns 17,022 shares of the asset manager's stock worth $3,148,000 after purchasing an additional 1,586 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Affiliated Managers Group by 71.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,400 shares of the asset manager's stock valued at $444,000 after purchasing an additional 1,002 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Price Performance

NYSE:AMG traded up $1.07 during trading hours on Wednesday, reaching $227.38. 26,877 shares of the company were exchanged, compared to its average volume of 223,861. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 0.62 and a beta of 1.14. Affiliated Managers Group, Inc. has a 52-week low of $139.22 and a 52-week high of $228.51. The stock has a 50 day simple moving average of $207.23 and a 200 day simple moving average of $182.31.

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

Affiliated Managers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 11th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Monday, August 11th. Affiliated Managers Group's dividend payout ratio (DPR) is currently 0.29%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AMG shares. Cowen upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Monday, August 4th. Zacks Research upgraded shares of Affiliated Managers Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 22nd. The Goldman Sachs Group upgraded shares of Affiliated Managers Group from a "neutral" rating to a "buy" rating and increased their price target for the company from $197.00 to $218.00 in a research report on Friday, June 27th. Barrington Research reiterated an "outperform" rating and issued a $200.00 price target on shares of Affiliated Managers Group in a research report on Tuesday, July 29th. Finally, TD Cowen upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating and increased their price target for the company from $214.00 to $255.00 in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Affiliated Managers Group presently has a consensus rating of "Buy" and an average price target of $215.20.

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.