OneDigital Investment Advisors LLC purchased a new stake in Affiliated Managers Group, Inc. (NYSE:AMG – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,109 shares of the asset manager’s stock, valued at approximately $1,390,000.
A number of other institutional investors also recently modified their holdings of AMG. Goldman Sachs Group Inc. boosted its position in shares of Affiliated Managers Group by 1.3% during the first quarter. Goldman Sachs Group Inc. now owns 113,353 shares of the asset manager’s stock worth $19,047,000 after buying an additional 1,428 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Affiliated Managers Group by 4.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 141,733 shares of the asset manager’s stock valued at $23,815,000 after buying an additional 6,262 shares during the last quarter. Jane Street Group LLC acquired a new stake in Affiliated Managers Group in the 1st quarter valued at approximately $1,947,000. American Century Companies Inc. lifted its stake in Affiliated Managers Group by 1.2% in the 2nd 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 in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Affiliated Managers Group by 89.9% in the 2nd 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 in the last quarter. 95.30% of the stock is currently owned by institutional investors.
Insider Transactions at Affiliated Managers Group
In other news, Director Annette Franqui bought 750 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were bought at an average cost of $304.88 per share, with a total value of $228,660.00. Following the acquisition, the director owned 1,962 shares in the company, valued at $598,174.56. This trade represents a 61.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jay C. Horgen sold 17,500 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were 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 owned 204,706 shares of the company’s stock, valued at $69,245,898.62. This trade represents a 7.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.90% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on AMG
Affiliated Managers Group Price Performance
NYSE:AMG opened at $370.93 on Tuesday. The stock has a market capitalization of $9.59 billion, a PE ratio of 12.85, a P/E/G ratio of 0.54 and a beta of 1.11. Affiliated Managers Group, Inc. has a 1-year low of $215.00 and a 1-year high of $392.92. The firm has a fifty day simple moving average of $358.25 and a 200 day simple moving average of $318.97. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.76.
Affiliated Managers Group (NYSE:AMG – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The asset manager reported $8.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.90 by $0.39. The firm had revenue of $640.70 million for the quarter, compared to analyst estimates of $590.94 million. Affiliated Managers Group had a net margin of 37.72% and a return on equity of 21.94%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.39 earnings per share. On average, research analysts expect that Affiliated Managers Group, Inc. will post 36.25 EPS for the current fiscal year.
Affiliated Managers Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, August 10th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. Affiliated Managers Group’s payout ratio is currently 0.14%.
Affiliated Managers Group Profile
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.
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