Lecap Asset Management Ltd. Has $484,000 Stock Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Lecap Asset Management Ltd. lowered its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 64.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,721 shares of the asset manager’s stock after selling 4,930 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Affiliated Managers Group were worth $484,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Cetera Trust Company N.A boosted its position in Affiliated Managers Group by 17.3% during the 3rd quarter. Cetera Trust Company N.A now owns 1,120 shares of the asset manager’s stock worth $199,000 after acquiring an additional 165 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Affiliated Managers Group by 2,530.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 789 shares of the asset manager’s stock worth $140,000 after acquiring an additional 759 shares during the last quarter. Schubert & Co acquired a new stake in shares of Affiliated Managers Group in the 3rd quarter valued at approximately $658,000. Blue Trust Inc. boosted its holdings in shares of Affiliated Managers Group by 87.8% in the 3rd quarter. Blue Trust Inc. now owns 1,807 shares of the asset manager’s stock valued at $321,000 after buying an additional 845 shares during the last quarter. Finally, Kapitalo Investimentos Ltda boosted its holdings in shares of Affiliated Managers Group by 11.1% in the 3rd quarter. Kapitalo Investimentos Ltda now owns 1,554 shares of the asset manager’s stock valued at $276,000 after buying an additional 155 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Price Performance

Shares of Affiliated Managers Group stock opened at $190.07 on Friday. The business has a fifty day simple moving average of $177.63 and a two-hundred day simple moving average of $167.22. Affiliated Managers Group, Inc. has a 1 year low of $120.22 and a 1 year high of $196.69. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 10.55, a P/E/G ratio of 0.58 and a beta of 1.20.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Monday, July 29th. The asset manager reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.60 by $0.07. Affiliated Managers Group had a return on equity of 16.50% and a net margin of 31.51%. The business had revenue of $500.30 million during the quarter, compared to the consensus estimate of $518.03 million. During the same quarter last year, the firm posted $4.45 EPS. The company’s quarterly revenue was down 2.4% on a year-over-year basis. As a group, equities analysts anticipate that Affiliated Managers Group, Inc. will post 21.98 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date was Thursday, August 8th. Affiliated Managers Group’s payout ratio is 0.22%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. TD Cowen increased their price objective on Affiliated Managers Group from $201.00 to $226.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Bank of America increased their price objective on Affiliated Managers Group from $200.00 to $201.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. StockNews.com downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft increased their price objective on Affiliated Managers Group from $202.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Finally, Barrington Research increased their price objective on Affiliated Managers Group from $190.00 to $210.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $210.50.

Insiders Place Their Bets

In other Affiliated Managers Group news, insider Rizwan M. Jamal sold 8,622 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $172.89, for a total transaction of $1,490,657.58. Following the transaction, the insider now owns 128,457 shares in the company, valued at $22,208,930.73. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Affiliated Managers Group news, insider Rizwan M. Jamal sold 8,622 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $172.89, for a total transaction of $1,490,657.58. Following the transaction, the insider now owns 128,457 shares in the company, valued at $22,208,930.73. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jay C. Horgen sold 9,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $171.98, for a total value of $1,547,820.00. Following the transaction, the chief executive officer now owns 377,276 shares in the company, valued at $64,883,926.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,408 shares of company stock worth $3,865,068 in the last 90 days. Company insiders own 1.90% of the company’s stock.

About Affiliated Managers Group

Affiliated Managers Group, Inc, through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.