Quantbot Technologies LP Makes New $850,000 Investment in Affiliated Managers Group, Inc. $AMG

Quantbot Technologies LP acquired a new stake in Affiliated Managers Group, Inc. (NYSE:AMG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,512 shares of the asset manager’s stock, valued at approximately $850,000.

A number of other institutional investors have also modified their holdings of the company. N.E.W. Advisory Services LLC acquired a new stake in Affiliated Managers Group during the second quarter worth approximately $25,000. Leonteq Securities AG acquired a new position in Affiliated Managers Group in the 4th quarter valued at $30,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Affiliated Managers Group during the 4th quarter worth $42,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Affiliated Managers Group during the 2nd quarter worth $48,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Affiliated Managers Group by 45.5% during the first quarter. EverSource Wealth Advisors LLC now owns 179 shares of the asset manager’s stock worth $50,000 after purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Insider Buying and Selling at Affiliated Managers Group

In other news, CEO Jay C. Horgen sold 17,500 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $338.27, for a total value of $5,919,725.00. Following the completion of the sale, the chief executive officer owned 204,706 shares of the company’s stock, valued at $69,245,898.62. This represents a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Annette Franqui bought 750 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was acquired at an average cost of $304.88 per share, for a total transaction of $228,660.00. Following the purchase, the director owned 1,962 shares in the company, valued at approximately $598,174.56. This trade represents a 61.88% increase in their position. The SEC filing for this purchase provides additional information. 2.90% of the stock is owned by corporate insiders.

Affiliated Managers Group Stock Performance

NYSE AMG opened at $371.40 on Thursday. The firm has a market capitalization of $9.60 billion, a P/E ratio of 12.86, a P/E/G ratio of 0.50 and a beta of 1.11. Affiliated Managers Group, Inc. has a 1-year low of $223.44 and a 1-year high of $392.92. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.24. The business’s 50-day simple moving average is $359.89 and its 200-day simple moving average is $321.44.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Thursday, July 30th. The asset manager reported $8.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.90 by $0.39. Affiliated Managers Group had a net margin of 37.72% and a return on equity of 21.94%. The firm had revenue of $640.70 million during the quarter, compared to the consensus estimate of $590.94 million. During the same quarter in the prior year, the company earned $5.39 EPS. The company’s revenue was up .0% on a year-over-year basis. Equities analysts predict that Affiliated Managers Group, Inc. will post 36.69 EPS for the current year.

Affiliated Managers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 10th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Monday, August 10th. Affiliated Managers Group’s payout ratio is currently 0.14%.

Wall Street Analyst Weigh In

AMG has been the subject of several analyst reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $405.00 target price on shares of Affiliated Managers Group in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $400.00 price target on shares of Affiliated Managers Group in a research note on Monday, May 4th. Zacks Research upgraded Affiliated Managers Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Affiliated Managers Group in a research note on Friday, June 26th. Finally, TD Cowen reiterated a “buy” rating and set a $454.00 price objective on shares of Affiliated Managers Group in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Affiliated Managers Group presently has an average rating of “Buy” and a consensus price target of $370.86.

Affiliated Managers Group Profile

Affiliated Managers Group, Inc (NYSE: AMG) is a global asset management holding company that partners with boutique investment firms. Founded in 1993 and headquartered in West Palm Beach, Florida, AMG invests in and collaborates with independent investment managers to foster growth while preserving their entrepreneurial culture. Through equity stakes and strategic support, the company aims to enhance its affiliates’ distribution capabilities, operational infrastructure and access to capital.

The company’s core business activities include providing capital solutions, distribution services and operational support to affiliated investment firms.