Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Invests $432,000 in Affiliated Managers Group, Inc. $AMG

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,500 shares of the asset manager’s stock, valued at approximately $432,000.

Several other institutional investors also recently modified their holdings of the business. Boston Partners grew its position 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 buying an additional 24,217 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Affiliated Managers Group by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 684,116 shares of the asset manager’s stock valued at $163,113,000 after acquiring an additional 7,891 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Affiliated Managers Group by 8.1% in the 4th quarter. Geode Capital Management LLC now owns 551,153 shares of the asset manager’s stock valued at $158,916,000 after acquiring an additional 41,322 shares during the last quarter. LSV Asset Management increased its stake in shares of Affiliated Managers Group by 0.7% in the 3rd quarter. LSV Asset Management now owns 479,624 shares of the asset manager’s stock valued at $114,357,000 after acquiring an additional 3,400 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Affiliated Managers Group in the 4th quarter valued at about $113,743,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. TD Cowen reaffirmed a “buy” rating and issued a $454.00 price target on shares of Affiliated Managers Group in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 price target on shares of Affiliated Managers Group in a research note on Monday, May 4th. Wall Street Zen cut Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 4th. Barrington Research reaffirmed an “outperform” rating and issued a $365.00 price target on shares of Affiliated Managers Group in a research note on Monday, April 27th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $405.00 price target on shares of Affiliated Managers Group in a research note on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $362.29.

Insider Buying and Selling at Affiliated Managers Group

In related news, General Counsel Kavita Padiyar sold 2,200 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $278.24, for a total transaction of $612,128.00. Following the completion of the sale, the general counsel directly owned 42,672 shares of the company’s stock, valued at approximately $11,873,057.28. This represents a 4.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Christopher Ryan sold 3,402 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $305.06, for a total value of $1,037,814.12. Following the sale, the director directly owned 1,092 shares of the company’s stock, valued at approximately $333,125.52. The trade was a 75.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 6,602 shares of company stock worth $1,950,122 in the last quarter. Company insiders own 2.90% of the company’s stock.

Affiliated Managers Group Price Performance

NYSE AMG opened at $336.75 on Friday. The business has a 50 day simple moving average of $295.19 and a 200 day simple moving average of $293.79. Affiliated Managers Group, Inc. has a 52-week low of $179.79 and a 52-week high of $338.07. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 0.57 and a beta of 1.13.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Friday, May 1st. The asset manager reported $8.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.10 by $0.13. Affiliated Managers Group had a return on equity of 20.17% and a net margin of 35.55%.The business had revenue of $544.90 million during the quarter, compared to analysts’ expectations of $544.01 million. During the same period in the prior year, the business earned $5.37 EPS. Affiliated Managers Group’s revenue for the quarter was up 9.7% compared to the same quarter last year. Analysts anticipate that Affiliated Managers Group, Inc. will post 34.71 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Monday, May 11th. Affiliated Managers Group’s dividend payout ratio is presently 0.16%.

About Affiliated Managers Group

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.