Bank of Montreal Can purchased a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,635 shares of the asset manager’s stock, valued at approximately $1,755,000.
Other large investors have also bought and sold shares of the company. BOKF NA acquired a new position in shares of Affiliated Managers Group in the 1st quarter valued at $36,000. Lazard Asset Management LLC boosted its holdings in Affiliated Managers Group by 76.3% during the first quarter. Lazard Asset Management LLC now owns 275 shares of the asset manager’s stock worth $38,000 after buying an additional 119 shares during the last quarter. Quarry LP boosted its holdings in Affiliated Managers Group by 1,193.3% during the first quarter. Quarry LP now owns 388 shares of the asset manager’s stock worth $55,000 after buying an additional 358 shares during the last quarter. National Bank of Canada FI increased its stake in shares of Affiliated Managers Group by 54.0% in the 2nd quarter. National Bank of Canada FI now owns 402 shares of the asset manager’s stock valued at $60,000 after acquiring an additional 141 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Affiliated Managers Group by 23.7% in the 1st quarter. Signaturefd LLC now owns 481 shares of the asset manager’s stock valued at $69,000 after acquiring an additional 92 shares during the period. 92.89% of the stock is currently owned by institutional investors and hedge funds.
Affiliated Managers Group Price Performance
AMG stock opened at $129.61 on Friday. The stock has a market capitalization of $4.54 billion, a P/E ratio of 4.38, a P/E/G ratio of 0.82 and a beta of 1.29. Affiliated Managers Group, Inc. has a fifty-two week low of $120.22 and a fifty-two week high of $180.63. The business has a 50-day moving average of $129.54 and a 200-day moving average of $138.75.
Affiliated Managers Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Wednesday, November 15th. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 0.14%.
Analysts Set New Price Targets
AMG has been the topic of several analyst reports. Barrington Research cut their target price on shares of Affiliated Managers Group from $195.00 to $175.00 in a report on Wednesday, July 26th. Jefferies Financial Group decreased their target price on Affiliated Managers Group from $164.00 to $157.00 in a research note on Tuesday, October 10th. Deutsche Bank Aktiengesellschaft lowered their price target on Affiliated Managers Group from $150.00 to $148.00 and set a “buy” rating for the company in a report on Wednesday, October 11th. StockNews.com upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Finally, Bank of America dropped their target price on shares of Affiliated Managers Group from $181.00 to $176.00 in a report on Wednesday, October 4th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.60.
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.
- Five stocks we like better than Affiliated Managers Group
- What is a Bond Market Holiday? How to Invest and Trade
- Institutional activity provides a bottom for gaming stocks
- Want to Profit on the Downtrend? Downtrends, Explained.
- Coca-Cola EuroPacific Partners is a tasty play on Coke
- How to Invest in Canada for Beginners
- 3 reasons Qualcomm might be the easiest buy this month
Receive News & Ratings for Affiliated Managers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affiliated Managers Group and related companies with MarketBeat.com's FREE daily email newsletter.