Affiliated Managers Group, Inc. $AMG Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. reduced its position in Affiliated Managers Group, Inc. (NYSE:AMGFree Report) by 82.1% in the 1st quarter, Holdings Channel reports. The fund owned 5,444 shares of the asset manager’s stock after selling 25,015 shares during the period. Edgestream Partners L.P.’s holdings in Affiliated Managers Group were worth $1,506,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Boston Partners lifted its stake in shares of Affiliated Managers Group by 2.1% during the 3rd quarter. Boston Partners now owns 1,157,344 shares of the asset manager’s stock worth $275,957,000 after purchasing an additional 24,217 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Affiliated Managers Group by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 718,313 shares of the asset manager’s stock valued at $198,746,000 after purchasing an additional 18,865 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in shares of Affiliated Managers Group by 20.2% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 685,588 shares of the asset manager’s stock valued at $197,641,000 after purchasing an additional 115,313 shares during the period. Geode Capital Management LLC increased its stake in Affiliated Managers Group by 8.1% in the fourth quarter. Geode Capital Management LLC now owns 551,153 shares of the asset manager’s stock valued at $158,916,000 after purchasing an additional 41,322 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its stake in Affiliated Managers Group by 8.5% in the fourth quarter. Allianz Asset Management GmbH now owns 426,649 shares of the asset manager’s stock valued at $122,994,000 after purchasing an additional 33,488 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Performance

Shares of NYSE:AMG opened at $381.16 on Tuesday. The firm has a market capitalization of $10.07 billion, a PE ratio of 13.20, a P/E/G ratio of 0.56 and a beta of 1.12. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.79. The business has a 50-day moving average of $347.48 and a two-hundred day moving average of $315.50. Affiliated Managers Group, Inc. has a 12 month low of $208.22 and a 12 month high of $384.11.

Affiliated Managers Group (NYSE:AMGGet Free Report) last released its quarterly earnings data on Wednesday, July 29th. The asset manager reported $8.29 EPS for the quarter, topping analysts’ consensus estimates of $7.90 by $0.39. Affiliated Managers Group had a return on equity of 21.94% and a net margin of 37.72%.The company had revenue of $640.70 million for the quarter, compared to the consensus estimate of $590.94 million. During the same period last year, the business posted $5.39 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. As a group, research analysts forecast that Affiliated Managers Group, Inc. will post 35.64 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, August 10th will be issued a $0.01 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.04 annualized dividend and a yield of 0.0%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.14%.

Insider Transactions at Affiliated Managers Group

In other Affiliated Managers Group news, Director G. Staley Cates acquired 1,500 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was bought at an average price of $305.83 per share, with a total value of $458,745.00. Following the completion of the transaction, the director directly owned 6,405 shares of the company’s stock, valued at approximately $1,958,841.15. The trade was a 30.58% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jay C. Horgen sold 17,500 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $338.27, for a total transaction of $5,919,725.00. Following the completion of the sale, the chief executive officer directly owned 204,706 shares of the company’s stock, valued at $69,245,898.62. The trade was a 7.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 21,902 shares of company stock valued at $7,257,719 in the last three months. 2.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Affiliated Managers Group in a research report on Friday, June 26th. The Goldman Sachs Group restated a “buy” rating and issued a $405.00 price target on shares of Affiliated Managers Group in a report on Monday, May 4th. TD Cowen reaffirmed a “buy” rating and set a $454.00 price objective on shares of Affiliated Managers Group in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Sunday, June 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $400.00 target price on shares of Affiliated Managers Group in a research report on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $370.86.

View Our Latest Report on Affiliated Managers Group

Affiliated Managers Group Company Profile

(Free Report)

Affiliated Managers Group, Inc (NYSE: AMG) is a global asset management holding company that partners with boutique investment firms. Founded in 1993 and headquartered in West Palm Beach, Florida, AMG invests in and collaborates with independent investment managers to foster growth while preserving their entrepreneurial culture. Through equity stakes and strategic support, the company aims to enhance its affiliates’ distribution capabilities, operational infrastructure and access to capital.

The company’s core business activities include providing capital solutions, distribution services and operational support to affiliated investment firms.

Further Reading

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Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

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