Mutual of America Capital Management LLC Sells 921 Shares of Affiliated Managers Group, Inc. $AMG

Mutual of America Capital Management LLC cut its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,138 shares of the asset manager’s stock after selling 921 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Affiliated Managers Group were worth $2,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of AMG. Bessemer Group Inc. boosted its position in Affiliated Managers Group by 17.1% during the 1st quarter. Bessemer Group Inc. now owns 1,310 shares of the asset manager’s stock valued at $221,000 after acquiring an additional 191 shares in the last quarter. Highland Capital Management LLC bought a new stake in Affiliated Managers Group during the 1st quarter valued at approximately $269,000. CWC Advisors LLC. boosted its position in Affiliated Managers Group by 47.9% during the 1st quarter. CWC Advisors LLC. now owns 16,023 shares of the asset manager’s stock valued at $2,692,000 after acquiring an additional 5,190 shares in the last quarter. Rossby Financial LCC bought a new stake in Affiliated Managers Group during the 1st quarter valued at approximately $56,000. Finally, Private Trust Co. NA boosted its position in Affiliated Managers Group by 38.1% during the 1st quarter. Private Trust Co. NA now owns 301 shares of the asset manager’s stock valued at $51,000 after acquiring an additional 83 shares in the last quarter. 95.30% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, COO Thomas M. Wojcik sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $231.03, for a total value of $3,696,480.00. Following the completion of the transaction, the chief operating officer directly owned 158,710 shares in the company, valued at $36,666,771.30. The trade was a 9.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AMG has been the topic of several research reports. Zacks Research cut Affiliated Managers Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Affiliated Managers Group in a research report on Friday. Cowen raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Monday, August 4th. The Goldman Sachs Group boosted their price target on Affiliated Managers Group from $240.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, Bank of America boosted their price target on Affiliated Managers Group to $335.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $272.60.

Affiliated Managers Group Stock Up 0.7%

Shares of AMG opened at $240.58 on Friday. The business’s 50 day moving average price is $234.09 and its 200-day moving average price is $203.15. Affiliated Managers Group, Inc. has a 52 week low of $139.22 and a 52 week high of $250.15. The stock has a market cap of $6.83 billion, a P/E ratio of 17.56, a P/E/G ratio of 0.61 and a beta of 1.21.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Thursday, July 31st. The asset manager reported $5.39 earnings per share for the quarter, topping analysts’ consensus estimates of $5.26 by $0.13. Affiliated Managers Group had a net margin of 21.79% and a return on equity of 16.11%. The company had revenue of $493.20 million during the quarter, compared to analyst estimates of $506.46 million. During the same period in the previous year, the business earned $4.67 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Profile

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.