Quent Capital LLC Has $237,000 Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Quent Capital LLC trimmed its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 6.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,282 shares of the asset manager’s stock after selling 84 shares during the period. Quent Capital LLC’s holdings in Affiliated Managers Group were worth $237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in Affiliated Managers Group in the 3rd quarter worth $30,000. UMB Bank n.a. lifted its holdings in Affiliated Managers Group by 481.3% during the 3rd quarter. UMB Bank n.a. now owns 186 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 154 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Affiliated Managers Group during the 3rd quarter valued at about $46,000. Prospera Private Wealth LLC bought a new position in Affiliated Managers Group during the 3rd quarter valued at about $47,000. Finally, Brooklyn Investment Group bought a new position in Affiliated Managers Group during the 3rd quarter valued at about $49,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on AMG shares. TD Cowen downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $226.00 to $177.00 in a research note on Tuesday, November 5th. The Goldman Sachs Group downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $193.00 to $191.00 in a research note on Monday, January 6th. Barrington Research lifted their price target on shares of Affiliated Managers Group from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Affiliated Managers Group from $204.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Affiliated Managers Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.40.

Affiliated Managers Group Stock Down 3.4 %

Shares of NYSE AMG opened at $167.03 on Thursday. The stock has a market cap of $5.05 billion, a P/E ratio of 11.06, a P/E/G ratio of 0.67 and a beta of 1.15. The firm has a 50 day moving average price of $184.24 and a 200 day moving average price of $181.20. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.45 and a current ratio of 2.13. Affiliated Managers Group, Inc. has a 52-week low of $147.13 and a 52-week high of $199.52.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Thursday, February 6th. The asset manager reported $6.53 earnings per share for the quarter, beating the consensus estimate of $6.03 by $0.50. Affiliated Managers Group had a net margin of 25.06% and a return on equity of 16.17%. Analysts expect that Affiliated Managers Group, Inc. will post 22.83 EPS for the current year.

Affiliated Managers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend is Tuesday, February 18th. Affiliated Managers Group’s dividend payout ratio (DPR) 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.