Dynamic Technology Lab Private Ltd Grows Stock Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Dynamic Technology Lab Private Ltd raised its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 554.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,277 shares of the asset manager’s stock after acquiring an additional 11,247 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Affiliated Managers Group were worth $2,361,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AMG. Altshuler Shaham Ltd purchased a new position in shares of Affiliated Managers Group in the second quarter valued at $28,000. Ashton Thomas Securities LLC acquired a new position in Affiliated Managers Group in the 3rd quarter worth $30,000. UMB Bank n.a. boosted its position in Affiliated Managers Group by 481.3% in the 3rd quarter. UMB Bank n.a. now owns 186 shares of the asset manager’s stock valued at $33,000 after buying an additional 154 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Affiliated Managers Group during the second quarter valued at about $47,000. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Affiliated Managers Group during the third quarter valued at about $47,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Up 0.5 %

NYSE:AMG opened at $187.60 on Monday. The company has a market cap of $5.67 billion, a PE ratio of 12.24, a P/E/G ratio of 0.68 and a beta of 1.18. The business’s 50 day moving average is $184.78 and its two-hundred day moving average is $171.23. Affiliated Managers Group, Inc. has a 52 week low of $131.34 and a 52 week high of $199.52.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Monday, November 4th. The asset manager reported $4.82 earnings per share for the quarter, missing analysts’ consensus estimates of $4.84 by ($0.02). Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. The business had revenue of $525.20 million for the quarter, compared to analyst estimates of $521.87 million. During the same period last year, the company posted $4.08 earnings per share. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, sell-side analysts expect that Affiliated Managers Group, Inc. will post 21.01 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.04 annualized dividend and a yield of 0.02%. Affiliated Managers Group’s dividend payout ratio is presently 0.26%.

Analyst Ratings Changes

AMG has been the topic of several recent analyst reports. Barrington Research cut their price target on Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. StockNews.com cut Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. TD Cowen downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $226.00 to $177.00 in a research report on Tuesday, November 5th. Bank of America upped their price target on shares of Affiliated Managers Group from $200.00 to $201.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $196.50.

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.