Inceptionr LLC Acquires 1,578 Shares of Affiliated Managers Group, Inc. $AMG

Inceptionr LLC lifted its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 163.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,545 shares of the asset manager’s stock after purchasing an additional 1,578 shares during the quarter. Inceptionr LLC’s holdings in Affiliated Managers Group were worth $704,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of AMG. Sei Investments Co. raised its holdings in Affiliated Managers Group by 5.2% during the 1st quarter. Sei Investments Co. now owns 107,654 shares of the asset manager’s stock worth $29,787,000 after buying an additional 5,357 shares during the period. Lido Advisors LLC bought a new position in Affiliated Managers Group in the first quarter valued at approximately $210,000. State of Wyoming boosted its holdings in shares of Affiliated Managers Group by 99.0% in the first quarter. State of Wyoming now owns 1,522 shares of the asset manager’s stock valued at $421,000 after buying an additional 757 shares during the period. WealthCollab LLC boosted its holdings in shares of Affiliated Managers Group by 40.5% in the first quarter. WealthCollab LLC now owns 229 shares of the asset manager’s stock valued at $63,000 after buying an additional 66 shares during the period. Finally, Chase Investment Counsel Corp increased its position in shares of Affiliated Managers Group by 6.8% during the first quarter. Chase Investment Counsel Corp now owns 18,378 shares of the asset manager’s stock worth $5,085,000 after acquiring an additional 1,163 shares in the last quarter. 95.30% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Affiliated Managers Group news, CEO Jay C. Horgen sold 17,500 shares of the business’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 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Annette Franqui acquired 750 shares of Affiliated Managers Group stock in a transaction dated Monday, June 1st. The shares were acquired at an average price of $304.88 per share, with a total value of $228,660.00. Following the completion of the purchase, the director owned 1,962 shares in the company, valued at approximately $598,174.56. The trade was a 61.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 21,902 shares of company stock valued at $7,257,719 in the last quarter. Company insiders own 2.90% of the company’s stock.

Analysts Set New Price Targets

AMG has been the topic of a number of research analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $405.00 price objective on shares of Affiliated Managers Group in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $400.00 target price on shares of Affiliated Managers Group in a research note on Monday, May 4th. Barrington Research reiterated an “outperform” rating and set a $365.00 target price on shares of Affiliated Managers Group in a report on Monday, April 27th. TD Cowen reissued a “buy” rating and issued a $454.00 price target on shares of Affiliated Managers Group in a research note on Wednesday, May 13th. Finally, Wall Street Zen raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Sunday, June 28th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $362.29.

Affiliated Managers Group Trading Up 2.8%

NYSE:AMG opened at $357.38 on Friday. The company has a market cap of $9.44 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 0.53 and a beta of 1.12. Affiliated Managers Group, Inc. has a twelve month low of $200.00 and a twelve month high of $382.75. The business has a 50 day moving average price of $339.24 and a two-hundred day moving average price of $312.92. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.73.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Friday, May 1st. The asset manager reported $8.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.10 by $0.13. Affiliated Managers Group had a net margin of 35.55% and a return on equity of 20.17%. The company had revenue of $544.90 million for the quarter, compared to the consensus estimate of $544.01 million. During the same period last year, the company earned $5.37 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. As a group, analysts expect that Affiliated Managers Group, Inc. will post 35.48 EPS 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 given a $0.01 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.04 dividend on an annualized basis 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.