Jane Street Group LLC Sells 34,257 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Jane Street Group LLC trimmed its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 28.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 84,852 shares of the asset manager’s stock after selling 34,257 shares during the quarter. Jane Street Group LLC owned 0.28% of Affiliated Managers Group worth $15,087,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Diversified Trust Co bought a new stake in shares of Affiliated Managers Group in the 2nd quarter worth approximately $1,293,000. Asset Management One Co. Ltd. raised its holdings in Affiliated Managers Group by 94.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 10,594 shares of the asset manager’s stock valued at $1,884,000 after buying an additional 5,142 shares during the last quarter. Foundry Partners LLC bought a new stake in Affiliated Managers Group during the 2nd quarter valued at $574,000. XTX Topco Ltd raised its holdings in Affiliated Managers Group by 178.9% during the 2nd quarter. XTX Topco Ltd now owns 5,269 shares of the asset manager’s stock valued at $823,000 after buying an additional 3,380 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in Affiliated Managers Group by 12.7% during the 2nd quarter. Los Angeles Capital Management LLC now owns 58,659 shares of the asset manager’s stock valued at $9,164,000 after buying an additional 6,616 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AMG has been the subject of a number of recent analyst reports. TD Cowen lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $226.00 to $177.00 in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Barrington Research lowered their price target on shares of Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Affiliated Managers Group has a consensus rating of “Hold” and an average price target of $196.50.

Affiliated Managers Group Trading Up 0.3 %

Shares of Affiliated Managers Group stock opened at $185.36 on Wednesday. The company’s fifty day simple moving average is $187.13 and its two-hundred day simple moving average is $173.61. The company has a market cap of $5.60 billion, a P/E ratio of 12.09, a PEG ratio of 0.67 and a beta of 1.15. Affiliated Managers Group, Inc. has a 12-month low of $138.85 and a 12-month high of $199.52.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.84 by ($0.02). The company had revenue of $525.20 million for the quarter, compared to analysts’ expectations of $521.87 million. Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.08 earnings per share. Analysts predict that Affiliated Managers Group, Inc. will post 20.91 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 14th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend was Thursday, November 14th. Affiliated Managers Group’s dividend payout ratio is presently 0.26%.

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.