Short Interest in Affiliated Managers Group, Inc. (NYSE:AMG) Decreases By 6.2%

Affiliated Managers Group, Inc. (NYSE:AMGGet Free Report) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totalling 618,600 shares, a decrease of 6.2% from the April 30th total of 659,300 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average trading volume of 249,600 shares, the days-to-cover ratio is presently 2.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quent Capital LLC lifted its holdings in Affiliated Managers Group by 5.4% during the fourth quarter. Quent Capital LLC now owns 1,354 shares of the asset manager’s stock valued at $205,000 after purchasing an additional 69 shares during the last quarter. Blair William & Co. IL lifted its stake in shares of Affiliated Managers Group by 0.5% during 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 holdings 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 worth $248,000 after buying an additional 70 shares during the period. Lindbrook Capital LLC grew 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 raised its holdings in Affiliated Managers Group by 3.5% during the 4th quarter. M&T Bank Corp now owns 2,184 shares of the asset manager’s stock valued at $331,000 after acquiring an additional 74 shares during the period. Institutional investors own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMG. TD Cowen dropped their price target on shares of Affiliated Managers Group from $218.00 to $198.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Barrington Research reissued an “outperform” rating and set a $190.00 target price on shares of Affiliated Managers Group in a research report on Tuesday, May 7th.

View Our Latest Stock Analysis on AMG

Affiliated Managers Group Stock Performance

Shares of NYSE:AMG opened at $162.16 on Tuesday. The company has a market capitalization of $5.17 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 0.53 and a beta of 1.24. The company’s 50-day moving average is $161.11 and its 200 day moving average is $154.23. Affiliated Managers Group has a fifty-two week low of $120.22 and a fifty-two week high of $169.65.

Affiliated Managers Group (NYSE:AMGGet Free Report) last released its earnings results on Monday, May 6th. The asset manager reported $5.37 earnings per share for the quarter, beating analysts’ consensus estimates of $5.21 by $0.16. The firm had revenue of $499.90 million for the quarter, compared to analysts’ expectations of $524.53 million. Affiliated Managers Group had a net margin of 33.74% and a return on equity of 16.66%. During the same period in the previous year, the company earned $4.18 earnings per share. As a group, research analysts predict that Affiliated Managers Group will post 21.72 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were paid a $0.01 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group’s payout ratio is presently 0.22%.

About Affiliated Managers Group

(Get Free Report)

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.

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