AXQ Capital LP Raises Position in Affiliated Managers Group, Inc. (NYSE:AMG)

AXQ Capital LP lifted its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 15.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,703 shares of the asset manager’s stock after acquiring an additional 624 shares during the period. AXQ Capital LP’s holdings in Affiliated Managers Group were worth $870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its position in shares of Affiliated Managers Group by 79.5% in the 4th quarter. Jones Financial Companies Lllp now owns 140 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 62 shares during the period. Private Trust Co. NA grew its position in Affiliated Managers Group by 131.9% during 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. Wilmington Savings Fund Society FSB acquired a new stake in Affiliated Managers Group during the 3rd quarter worth about $46,000. Prospera Private Wealth LLC acquired a new stake in Affiliated Managers Group during the 3rd quarter worth about $47,000. Finally, UMB Bank n.a. grew its position 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 purchasing an additional 69 shares during the period. 95.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AMG shares. StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. The Goldman Sachs Group downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and cut their price target for the stock from $193.00 to $191.00 in a research report on Monday, January 6th. Finally, Barrington Research increased their target price on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Three 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 currently has an average rating of “Moderate Buy” and an average target price of $198.40.

Affiliated Managers Group Trading Down 0.8 %

AMG opened at $168.02 on Friday. 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 company’s 50 day simple moving average is $173.93 and its two-hundred day simple moving average is $180.06. Affiliated Managers Group, Inc. has a 1-year low of $147.13 and a 1-year high of $199.52. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.01 per share. The ex-dividend date was Tuesday, February 18th. 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 0.26%.

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.