Bruni J V & Co. Co. Has $72.69 Million Stock Holdings in Affiliated Managers Group, Inc. $AMG

Bruni J V & Co. Co. lessened its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 1.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 252,147 shares of the asset manager’s stock after selling 2,842 shares during the quarter. Affiliated Managers Group makes up approximately 7.1% of Bruni J V & Co. Co.’s portfolio, making the stock its 2nd biggest position. Bruni J V & Co. Co.’s holdings in Affiliated Managers Group were worth $72,689,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Leonteq Securities AG bought a new position in shares of Affiliated Managers Group in the 4th quarter worth $30,000. Hantz Financial Services Inc. increased its holdings in shares of Affiliated Managers Group by 189.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 142 shares of the asset manager’s stock worth $34,000 after buying an additional 93 shares during the last quarter. Highlander Partners L.P. bought a new position in shares of Affiliated Managers Group in the 4th quarter worth $68,000. Jones Financial Companies Lllp increased its holdings in shares of Affiliated Managers Group by 51.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 246 shares of the asset manager’s stock worth $59,000 after buying an additional 84 shares during the last quarter. Finally, Tema Etfs LLC bought a new position in shares of Affiliated Managers Group in the 4th quarter worth $73,000. Institutional investors own 95.30% of the company’s stock.

Insider Buying and Selling

In related news, Director David Christopher Ryan sold 3,402 shares of the firm’s stock in a transaction dated 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 $333,125.52. This trade represents a 75.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director G. Staley Cates purchased 1,500 shares of Affiliated Managers Group stock in a transaction that occurred on Wednesday, May 6th. The shares were acquired at an average price of $305.83 per share, for a total transaction of $458,745.00. Following the acquisition, the director owned 6,405 shares in the company, valued at $1,958,841.15. This trade represents a 30.58% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 14,602 shares of company stock valued at $4,240,522 over the last quarter. Company insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

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

Affiliated Managers Group Stock Performance

Affiliated Managers Group stock opened at $302.86 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $8.00 billion, a PE ratio of 12.25, a P/E/G ratio of 0.51 and a beta of 1.14. The firm has a fifty day simple moving average of $291.00 and a two-hundred day simple moving average of $291.70. Affiliated Managers Group, Inc. has a twelve month low of $172.54 and a twelve 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 earnings per share for the quarter, topping the consensus estimate of $8.10 by $0.13. The business had revenue of $544.90 million during the quarter, compared to the consensus estimate of $544.01 million. Affiliated Managers Group had a net margin of 35.55% and a return on equity of 20.17%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $5.37 earnings per share. Research analysts expect that Affiliated Managers Group, Inc. will post 34.71 EPS for the current year.

Affiliated Managers Group Announces Dividend

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

Affiliated Managers Group 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.