Affiliated Managers Group, Inc. (NYSE:AMG) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 21.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,705 shares of the asset manager's stock after acquiring an additional 2,639 shares during the quarter. Quantinno Capital Management LP's holdings in Affiliated Managers Group were worth $2,719,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Boston Partners lifted its holdings in Affiliated Managers Group by 46.1% during the fourth quarter. Boston Partners now owns 1,184,130 shares of the asset manager's stock worth $218,975,000 after buying an additional 373,696 shares during the period. Norges Bank acquired a new stake in shares of Affiliated Managers Group during the fourth quarter worth about $68,683,000. LSV Asset Management boosted its holdings in shares of Affiliated Managers Group by 79.1% in the 4th quarter. LSV Asset Management now owns 423,994 shares of the asset manager's stock valued at $78,405,000 after acquiring an additional 187,290 shares during the last quarter. Millennium Management LLC grew its position in Affiliated Managers Group by 119.2% during the 4th quarter. Millennium Management LLC now owns 305,497 shares of the asset manager's stock worth $56,493,000 after purchasing an additional 166,144 shares during the period. Finally, Bank of America Corp DE grew its holdings in Affiliated Managers Group by 541.7% during the fourth quarter. Bank of America Corp DE now owns 186,030 shares of the asset manager's stock worth $34,401,000 after acquiring an additional 157,042 shares during the period. 95.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AMG shares. Cowen reaffirmed a "hold" rating on shares of Affiliated Managers Group in a report on Wednesday, May 14th. TD Cowen lowered their price target on shares of Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Wall Street Zen raised Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Barrington Research cut their price target 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, Bank of America reduced their price objective on shares of Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Affiliated Managers Group presently has an average rating of "Hold" and a consensus target price of $192.40.

Affiliated Managers Group Stock Down 0.9%

Shares of AMG traded down $1.56 during mid-day trading on Monday, hitting $173.94. 182,198 shares of the company's stock were exchanged, compared to its average volume of 232,645. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 11.52, a P/E/G ratio of 0.57 and a beta of 1.06. Affiliated Managers Group, Inc. has a fifty-two week low of $139.22 and a fifty-two week high of $199.52. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.13 and a current ratio of 2.13. The stock's 50-day moving average is $166.91 and its 200-day moving average is $175.30.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its earnings results on Thursday, May 8th. The asset manager reported $5.20 earnings per share for the quarter, topping analysts' consensus estimates of $5.10 by $0.10. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. The firm had revenue of $496.60 million for the quarter, compared to analyst estimates of $508.00 million. During the same period in the prior year, the firm earned $5.37 earnings per share. On average, sell-side 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders 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 dividend yield of 0.02%. Affiliated Managers Group's payout ratio is currently 0.30%.

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.