Traub Capital Management LLC Takes $940,000 Position in Affiliated Managers Group, Inc. $AMG

Traub Capital Management LLC acquired a new stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) during the second quarter, according to its most recent filing with the SEC. The fund acquired 4,775 shares of the asset manager’s stock, valued at approximately $940,000. Affiliated Managers Group accounts for approximately 0.9% of Traub Capital Management LLC’s investment portfolio, making the stock its 29th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Affiliated Managers Group by 428.0% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 132 shares of the asset manager’s stock valued at $26,000 after buying an additional 107 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Affiliated Managers Group in the first quarter valued at approximately $36,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Affiliated Managers Group by 80.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 229 shares of the asset manager’s stock valued at $45,000 after acquiring an additional 102 shares during the period. American National Bank & Trust purchased a new position in Affiliated Managers Group during the second quarter valued at approximately $58,000. Finally, Brooklyn Investment Group increased its holdings in Affiliated Managers Group by 37.1% during the 1st quarter. Brooklyn Investment Group now owns 377 shares of the asset manager’s stock worth $63,000 after acquiring an additional 102 shares during the period. Institutional investors own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Zacks Research raised shares of Affiliated Managers Group from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. TD Cowen upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $214.00 to $255.00 in a research report on Monday, August 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Affiliated Managers Group in a research report on Wednesday, October 8th. Jefferies Financial Group restated a “buy” rating and issued a $282.00 target price on shares of Affiliated Managers Group in a research note on Tuesday, November 4th. Finally, Barrington Research raised their price target on Affiliated Managers Group from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $290.33.

Insider Activity at Affiliated Managers Group

In related news, COO Thomas M. Wojcik sold 16,000 shares of the company’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $231.03, for a total transaction of $3,696,480.00. Following the completion of the sale, the chief operating officer directly owned 158,710 shares in the company, valued at $36,666,771.30. This represents a 9.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.20% of the stock is currently owned by insiders.

Affiliated Managers Group Trading Down 0.3%

Shares of NYSE:AMG opened at $250.56 on Wednesday. The stock has a market capitalization of $7.05 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 0.61 and a beta of 1.25. The stock’s 50-day moving average price is $242.88 and its 200-day moving average price is $215.08. Affiliated Managers Group, Inc. has a 12-month low of $139.22 and a 12-month high of $265.59.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Monday, November 3rd. The asset manager reported $6.10 earnings per share for the quarter, beating analysts’ consensus estimates of $5.88 by $0.22. Affiliated Managers Group had a return on equity of 16.11% and a net margin of 21.79%.The company had revenue of $528.00 million during the quarter, compared to analyst estimates of $543.39 million. During the same quarter in the previous year, the company posted $4.82 EPS. Affiliated Managers Group’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, research analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Thursday, November 13th will be issued a $0.01 dividend. The ex-dividend date is Thursday, November 13th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 0.24%.

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.