Two Sigma Advisers LP Increases Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Two Sigma Advisers LP increased its holdings in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 107.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,900 shares of the asset manager's stock after buying an additional 4,600 shares during the quarter. Two Sigma Advisers LP's holdings in Affiliated Managers Group were worth $1,646,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its position in Affiliated Managers Group by 79.5% in the fourth quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock worth $26,000 after acquiring an additional 62 shares during the period. Private Trust Co. NA raised its holdings in Affiliated Managers Group by 131.9% in the 4th quarter. Private Trust Co. NA now owns 218 shares of the asset manager's stock worth $40,000 after purchasing an additional 124 shares during the period. New Age Alpha Advisors LLC bought a new position in Affiliated Managers Group in the 4th quarter worth $70,000. Lingohr Asset Management GmbH purchased a new position in Affiliated Managers Group during the fourth quarter valued at $204,000. Finally, SVB Wealth LLC purchased a new position in shares of Affiliated Managers Group during the 4th quarter valued at about $209,000. Hedge funds and other institutional investors own 95.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMG. Bank of America decreased their target price on shares of Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Cowen restated a "hold" rating on shares of Affiliated Managers Group in a research report on Wednesday, May 14th. Barrington Research lowered their target price on shares of Affiliated Managers Group from $215.00 to $200.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Wall Street Zen upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, TD Cowen decreased their price target on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Affiliated Managers Group presently has a consensus rating of "Hold" and a consensus target price of $192.40.

Affiliated Managers Group Price Performance

Shares of AMG stock traded down $1.34 during mid-day trading on Friday, hitting $175.95. The company had a trading volume of 281,328 shares, compared to its average volume of 233,282. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.13 and a quick ratio of 2.13. The stock's 50 day moving average price is $167.41 and its 200-day moving average price is $175.10. Affiliated Managers Group, Inc. has a 52-week low of $139.22 and a 52-week high of $199.52. The company has a market capitalization of $5.00 billion, a P/E ratio of 11.65, a P/E/G ratio of 0.57 and a beta of 1.06.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The asset manager reported $5.20 earnings per share (EPS) for the quarter, beating 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 company had revenue of $496.60 million for the quarter, compared to the consensus estimate of $508.00 million. During the same period in the previous year, the firm posted $5.37 EPS. Equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be given a $0.01 dividend. The ex-dividend date 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 dividend payout ratio is currently 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.