XTX Topco Ltd Acquires 9,626 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

XTX Topco Ltd boosted its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 189.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,695 shares of the asset manager’s stock after acquiring an additional 9,626 shares during the quarter. XTX Topco Ltd owned about 0.05% of Affiliated Managers Group worth $2,469,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AMG. Millstone Evans Group LLC lifted its holdings in shares of Affiliated Managers Group by 154.5% in the 1st quarter. Millstone Evans Group LLC now owns 168 shares of the asset manager’s stock worth $28,000 after acquiring an additional 102 shares during the last quarter. Versant Capital Management Inc raised its position in Affiliated Managers Group by 70.8% in the 1st quarter. Versant Capital Management Inc now owns 181 shares of the asset manager’s stock worth $30,000 after purchasing an additional 75 shares during the period. Private Trust Co. NA lifted its stake in Affiliated Managers Group by 38.1% in the first quarter. Private Trust Co. NA now owns 301 shares of the asset manager’s stock worth $51,000 after purchasing an additional 83 shares during the last quarter. Rossby Financial LCC purchased a new position in shares of Affiliated Managers Group during the first quarter valued at approximately $56,000. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Affiliated Managers Group during the first quarter valued at approximately $56,000. 95.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AMG shares. The Goldman Sachs Group upgraded Affiliated Managers Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $197.00 to $218.00 in a report on Friday, June 27th. Barrington Research reiterated an “outperform” rating and issued a $200.00 target price on shares of Affiliated Managers Group in a research note on Tuesday. Bank of America decreased their target price on Affiliated Managers Group from $211.00 to $195.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. TD Cowen lowered their target price on shares of Affiliated Managers Group from $187.00 to $168.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Finally, Cowen reaffirmed a “hold” rating on shares of Affiliated Managers Group in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $197.80.

Affiliated Managers Group Trading Down 0.6%

Shares of AMG stock opened at $211.30 on Wednesday. Affiliated Managers Group, Inc. has a twelve month low of $139.22 and a twelve month high of $216.32. The stock has a fifty day simple moving average of $191.70 and a two-hundred day simple moving average of $177.70. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of 16.06, a P/E/G ratio of 0.64 and a beta of 1.09.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Thursday, May 8th. The asset manager reported $5.20 earnings per share for the quarter, topping analysts’ consensus estimates of $5.10 by $0.10. Affiliated Managers Group had a net margin of 21.31% and a return on equity of 15.91%. The company had revenue of $496.60 million during the quarter, compared to analyst estimates of $508.00 million. During the same period in the prior year, the firm earned $5.37 earnings per share. Research analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid a dividend of $0.01 per share. The ex-dividend date was Monday, May 19th. 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 presently 0.30%.

Affiliated Managers Group Company 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.