Squarepoint Ops LLC Buys 10,029 Shares of Affiliated Managers Group, Inc. $AMG

Squarepoint Ops LLC increased its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 131.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,642 shares of the asset manager’s stock after purchasing an additional 10,029 shares during the quarter. Squarepoint Ops LLC’s holdings in Affiliated Managers Group were worth $5,970,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its holdings in Affiliated Managers Group by 1.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 113,353 shares of the asset manager’s stock valued at $19,047,000 after buying an additional 1,428 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Affiliated Managers Group by 4.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 141,733 shares of the asset manager’s stock worth $23,815,000 after buying an additional 6,262 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Affiliated Managers Group in the first quarter valued at approximately $1,947,000. American Century Companies Inc. boosted its position in shares of Affiliated Managers Group by 1.2% in the second quarter. American Century Companies Inc. now owns 8,552 shares of the asset manager’s stock valued at $1,683,000 after acquiring an additional 104 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Affiliated Managers Group by 89.9% in the second quarter. EverSource Wealth Advisors LLC now owns 281 shares of the asset manager’s stock valued at $55,000 after acquiring an additional 133 shares during the period. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Wall Street Analysts Forecast Growth

AMG has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Affiliated Managers Group in a report on Friday, June 26th. Barrington Research set a $425.00 price target on shares of Affiliated Managers Group in a report on Friday, July 31st. Wall Street Zen lowered shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 30th. Finally, Zacks Research raised shares of Affiliated Managers Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $370.86.

Affiliated Managers Group Price Performance

AMG opened at $355.56 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $9.19 billion, a P/E ratio of 12.32, a PEG ratio of 0.48 and a beta of 1.10. The stock has a 50-day moving average price of $364.21 and a 200-day moving average price of $325.41. Affiliated Managers Group, Inc. has a 12-month low of $230.10 and a 12-month high of $392.92.

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

Affiliated Managers Group Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. Affiliated Managers Group’s dividend payout ratio (DPR) is 0.14%.

About Affiliated Managers Group

Affiliated Managers Group, Inc (NYSE:AMG) is a global asset management company that partners with a diverse group of independent investment management firms. Through its affiliated managers, the company provides investment strategies for institutional investors, financial intermediaries, and private wealth clients.

AMG’s affiliated firms offer a broad range of products and services, including actively managed equity and fixed-income portfolios, alternative investments, multi-asset strategies, private-market investments, and customized wealth management solutions.