85,807 Shares in Affiliated Managers Group, Inc. $AMG Purchased by Arbejdsmarkedets Tillaegspension

Arbejdsmarkedets Tillaegspension bought a new position in Affiliated Managers Group, Inc. (NYSE:AMG) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 85,807 shares of the asset manager’s stock, valued at approximately $24,736,000. Affiliated Managers Group comprises 0.6% of Arbejdsmarkedets Tillaegspension’s portfolio, making the stock its 13th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Allworth Financial LP raised its holdings in shares of Affiliated Managers Group by 10.3% in the 4th quarter. Allworth Financial LP now owns 482 shares of the asset manager’s stock worth $139,000 after acquiring an additional 45 shares during the last quarter. US Bancorp DE grew its position in Affiliated Managers Group by 1.4% in the 3rd quarter. US Bancorp DE now owns 3,561 shares of the asset manager’s stock worth $849,000 after purchasing an additional 49 shares in the last quarter. Procyon Advisors LLC grew its position in Affiliated Managers Group by 3.1% in the 3rd quarter. Procyon Advisors LLC now owns 1,648 shares of the asset manager’s stock worth $393,000 after purchasing an additional 50 shares in the last quarter. Millstone Evans Group LLC grew its position in Affiliated Managers Group by 41.9% in the 3rd quarter. Millstone Evans Group LLC now owns 176 shares of the asset manager’s stock worth $42,000 after purchasing an additional 52 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in Affiliated Managers Group by 2.1% in the 3rd quarter. Quadrant Capital Group LLC now owns 3,174 shares of the asset manager’s stock worth $757,000 after purchasing an additional 64 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMG. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 price objective on shares of Affiliated Managers Group in a research report on Monday, May 4th. Barrington Research reaffirmed an “outperform” rating and issued a $365.00 price objective on shares of Affiliated Managers Group in a research report on Monday, April 27th. Wall Street Zen downgraded shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 4th. TD Cowen reaffirmed a “buy” rating and issued a $454.00 price objective on shares of Affiliated Managers Group in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Affiliated Managers Group in a research report on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Affiliated Managers Group currently has a consensus rating of “Moderate Buy” and an average price target of $362.29.

Insider Buying and Selling

In other Affiliated Managers Group news, Director G. Staley Cates acquired 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was bought at an average cost of $305.83 per share, with a total value of $458,745.00. Following the acquisition, the director owned 6,405 shares in the company, valued at approximately $1,958,841.15. This represents a 30.58% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Rodriguez Felix V. Matos sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $300.18, for a total transaction of $300,180.00. Following the completion of the transaction, the director directly owned 4,369 shares of the company’s stock, valued at approximately $1,311,486.42. This trade represents a 18.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,602 shares of company stock worth $4,240,522 in the last 90 days. 2.90% of the stock is currently owned by company insiders.

Affiliated Managers Group Trading Down 0.3%

NYSE:AMG opened at $302.70 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $7.99 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 0.52 and a beta of 1.14. The firm’s 50 day moving average is $286.72 and its 200 day moving average is $287.84. Affiliated Managers Group, Inc. has a 12 month low of $172.54 and a 12 month high of $334.78.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Friday, May 1st. The asset manager reported $8.23 EPS for the quarter, topping analysts’ consensus estimates of $8.10 by $0.13. The company had revenue of $544.90 million for the quarter, compared to analysts’ expectations of $544.01 million. Affiliated Managers Group had a net margin of 35.55% and a return on equity of 20.17%. Affiliated Managers Group’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.37 EPS. Sell-side analysts expect that Affiliated Managers Group, Inc. will post 34.23 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Monday, May 11th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. Affiliated Managers Group’s dividend payout ratio (DPR) is 0.16%.

Affiliated Managers Group Company 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.