Susquehanna Fundamental Investments LLC Purchases New Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Susquehanna Fundamental Investments LLC purchased a new stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 19,927 shares of the asset manager's stock, valued at approximately $3,685,000. Susquehanna Fundamental Investments LLC owned approximately 0.07% of Affiliated Managers Group as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMG. Jones Financial Companies Lllp grew its holdings in Affiliated Managers Group by 79.5% during the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager's stock valued at $26,000 after buying an additional 62 shares in the last quarter. Private Trust Co. NA grew its stake in Affiliated Managers Group by 131.9% during the fourth quarter. Private Trust Co. NA now owns 218 shares of the asset manager's stock valued at $40,000 after acquiring an additional 124 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Affiliated Managers Group during the third quarter valued at approximately $46,000. UMB Bank n.a. increased its holdings in Affiliated Managers Group by 37.1% during the 4th quarter. UMB Bank n.a. now owns 255 shares of the asset manager's stock worth $47,000 after acquiring an additional 69 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new stake in Affiliated Managers Group in the 4th quarter worth approximately $70,000. 95.30% of the stock is currently owned by institutional investors.

Affiliated Managers Group Price Performance

AMG traded up $1.75 during midday trading on Thursday, hitting $167.38. The stock had a trading volume of 185,358 shares, compared to its average volume of 233,891. Affiliated Managers Group, Inc. has a 1 year low of $139.22 and a 1 year 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 business has a fifty day moving average of $162.11 and a 200 day moving average of $176.81. The company has a market cap of $4.82 billion, a P/E ratio of 11.08, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. As a group, equities analysts forecast that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group's dividend payout ratio is currently 0.26%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. StockNews.com upgraded Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. TD Cowen cut their price objective on Affiliated Managers Group from $187.00 to $168.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. 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. Bank of America dropped their target price on shares of Affiliated Managers Group from $211.00 to $195.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Finally, The Goldman Sachs Group lowered shares of Affiliated Managers Group from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $193.00 to $191.00 in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Affiliated Managers Group has a consensus rating of "Moderate Buy" and a consensus price target of $192.40.

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.