Affiliated Managers Group, Inc. (AMG) To Go Ex-Dividend on August 10th

Affiliated Managers Group, Inc. (NYSE:AMGGet Free Report) announced a quarterly dividend on Monday, July 20th. Investors of record on Monday, August 10th will be paid a dividend of 0.01 per share by the asset manager on Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Monday, August 10th.

Affiliated Managers Group has decreased its dividend by an average of 0.4%annually over the last three years. Affiliated Managers Group has a payout ratio of 0.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Affiliated Managers Group to earn $40.98 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 0.1%.

Affiliated Managers Group Stock Down 0.8%

Affiliated Managers Group stock opened at $369.34 on Friday. Affiliated Managers Group has a twelve month low of $210.87 and a twelve month high of $392.92. The stock has a market cap of $9.75 billion, a P/E ratio of 12.79, a P/E/G ratio of 0.53 and a beta of 1.11. The company’s 50-day moving average price is $353.04 and its two-hundred day moving average price is $317.06. The company has a quick ratio of 1.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.76.

Affiliated Managers Group (NYSE:AMGGet Free Report) last released its quarterly earnings results on Thursday, July 30th. The asset manager reported $8.29 earnings per share for the quarter, topping the consensus estimate of $7.90 by $0.39. The business had revenue of $640.70 million during the quarter, compared to analysts’ expectations of $590.94 million. Affiliated Managers Group had a return on equity of 21.94% and a net margin of 37.72%.The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the firm posted $5.39 EPS. As a group, analysts expect that Affiliated Managers Group will post 36.25 EPS for the current year.

Insider Activity at Affiliated Managers Group

In other Affiliated Managers Group news, CEO Jay C. Horgen sold 17,500 shares of the company’s 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 in the company, valued at $69,245,898.62. This represents a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Annette Franqui purchased 750 shares of the stock in a transaction dated Monday, June 1st. The shares were acquired at an average cost of $304.88 per share, with a total value of $228,660.00. Following the acquisition, the director directly owned 1,962 shares in the company, valued at $598,174.56. This represents a 61.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its holdings in Affiliated Managers Group by 1.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 113,353 shares of the asset manager’s stock worth $19,047,000 after purchasing an additional 1,428 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Affiliated Managers Group by 4.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 141,733 shares of the asset manager’s stock worth $23,815,000 after purchasing an additional 6,262 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Affiliated Managers Group in the first quarter valued at approximately $1,947,000. American Century Companies Inc. raised its holdings 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 buying an additional 104 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Affiliated Managers Group by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 281 shares of the asset manager’s stock worth $55,000 after acquiring an additional 133 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors.

Affiliated Managers Group Company Profile

(Get 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.

See Also

Dividend History for Affiliated Managers Group (NYSE:AMG)

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