Quadrature Capital Ltd Has $3.60 Million Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Quadrature Capital Ltd lessened its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 9.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 21,510 shares of the asset manager’s stock after selling 2,260 shares during the quarter. Quadrature Capital Ltd’s holdings in Affiliated Managers Group were worth $3,602,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Quent Capital LLC boosted its stake in Affiliated Managers Group by 5.4% in the 4th quarter. Quent Capital LLC now owns 1,354 shares of the asset manager’s stock valued at $205,000 after buying an additional 69 shares in the last quarter. Blair William & Co. IL boosted its stake in Affiliated Managers Group by 0.5% in the 1st quarter. Blair William & Co. IL now owns 12,924 shares of the asset manager’s stock valued at $2,164,000 after buying an additional 69 shares in the last quarter. Forte Capital LLC ADV boosted its stake in Affiliated Managers Group by 4.5% in the 4th quarter. Forte Capital LLC ADV now owns 1,641 shares of the asset manager’s stock valued at $248,000 after buying an additional 70 shares in the last quarter. Lindbrook Capital LLC boosted its stake in Affiliated Managers Group by 80.0% in the 4th quarter. Lindbrook Capital LLC now owns 162 shares of the asset manager’s stock valued at $25,000 after buying an additional 72 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in Affiliated Managers Group by 3.5% in the 4th quarter. M&T Bank Corp now owns 2,184 shares of the asset manager’s stock valued at $331,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on AMG. Barrington Research reaffirmed an “outperform” rating and issued a $190.00 price target on shares of Affiliated Managers Group in a research note on Thursday, July 11th. TD Cowen boosted their price target on Affiliated Managers Group from $198.00 to $201.00 and gave the company a “buy” rating in a research note on Monday, July 8th.

Affiliated Managers Group Stock Up 1.9 %

AMG traded up $3.22 during trading on Friday, hitting $177.02. The company’s stock had a trading volume of 349,050 shares, compared to its average volume of 273,879. The firm’s 50 day moving average price is $160.11 and its two-hundred day moving average price is $158.75. Affiliated Managers Group, Inc. has a 12 month low of $120.22 and a 12 month high of $177.49. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 0.61 and a beta of 1.22.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Monday, May 6th. The asset manager reported $5.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.21 by $0.16. Affiliated Managers Group had a return on equity of 16.66% and a net margin of 33.74%. The firm had revenue of $499.90 million during the quarter, compared to the consensus estimate of $524.53 million. During the same quarter in the previous year, the company posted $4.18 EPS. On average, sell-side analysts forecast that Affiliated Managers Group, Inc. will post 21.59 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, May 15th. 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 0.22%.

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.