2,124 Shares in Affiliated Managers Group, Inc. $AMG Bought by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC purchased a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,124 shares of the asset manager’s stock, valued at approximately $719,000.

A number of other large investors have also recently added to or reduced their stakes in AMG. N.E.W. Advisory Services LLC bought a new stake in shares of Affiliated Managers Group in the 2nd quarter valued at about $25,000. Leonteq Securities AG bought a new position in Affiliated Managers Group during the fourth quarter worth about $30,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Affiliated Managers Group during the second quarter worth about $48,000. Caitong International Asset Management Co. Ltd acquired a new position in Affiliated Managers Group during the fourth quarter worth approximately $42,000. Finally, EverSource Wealth Advisors LLC increased its position in Affiliated Managers Group by 45.5% during the first quarter. EverSource Wealth Advisors LLC now owns 179 shares of the asset manager’s stock worth $50,000 after buying an additional 56 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Stock Up 0.1%

Affiliated Managers Group stock opened at $371.22 on Monday. The company’s 50-day moving average price is $360.58 and its two-hundred day moving average price is $322.37. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. The stock has a market cap of $9.60 billion, a P/E ratio of 12.86, a P/E/G ratio of 0.50 and a beta of 1.11. Affiliated Managers Group, Inc. has a twelve month low of $223.44 and a twelve month high of $392.92.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Thursday, July 30th. The asset manager reported $8.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.90 by $0.39. Affiliated Managers Group had a return on equity of 21.94% and a net margin of 37.72%.The company had revenue of $640.70 million during the quarter, compared to analysts’ expectations of $590.94 million. During the same quarter in the previous year, the company posted $5.39 earnings per share. The business’s revenue was up .0% on a year-over-year basis. As a group, analysts expect that Affiliated Managers Group, Inc. will post 36.69 EPS for the current year.

Affiliated Managers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 10th were given 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, August 10th. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 0.14%.

Wall Street Analyst Weigh In

AMG has been the topic of several research analyst reports. Wall Street Zen lowered Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Barrington Research set a $425.00 target price on Affiliated Managers Group in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $400.00 target price on shares of Affiliated Managers Group in a report on Monday, May 4th. TD Cowen restated 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, Zacks Research raised Affiliated Managers Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $370.86.

Insider Buying and Selling

In other Affiliated Managers Group news, CEO Jay C. Horgen sold 17,500 shares of Affiliated Managers Group stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $338.27, for a total value of $5,919,725.00. Following the completion of the sale, the chief executive officer owned 204,706 shares in the company, valued at $69,245,898.62. The trade was a 7.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.90% of the company’s stock.

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.