Daiwa Securities Group Inc. grew its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 22.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,780 shares of the asset manager’s stock after acquiring an additional 330 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Affiliated Managers Group were worth $338,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Hodges Capital Management Inc. raised its position in Affiliated Managers Group by 20.0% in the third quarter. Hodges Capital Management Inc. now owns 3,000 shares of the asset manager’s stock worth $569,000 after acquiring an additional 500 shares in the last quarter. AMG National Trust Bank bought a new stake in shares of Affiliated Managers Group during the third quarter worth $285,000. New Amsterdam Partners LLC NY grew its holdings in shares of Affiliated Managers Group by 3.9% during the third quarter. New Amsterdam Partners LLC NY now owns 30,546 shares of the asset manager’s stock worth $5,799,000 after purchasing an additional 1,158 shares during the last quarter. State of Wisconsin Investment Board grew its holdings in shares of Affiliated Managers Group by 4.7% during the third quarter. State of Wisconsin Investment Board now owns 109,583 shares of the asset manager’s stock worth $20,802,000 after purchasing an additional 4,966 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Affiliated Managers Group by 8.3% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,830 shares of the asset manager’s stock worth $1,676,000 after purchasing an additional 677 shares during the last quarter. 96.02% of the stock is owned by institutional investors.
In other Affiliated Managers Group news, Director Patrick T. Ryan sold 7,705 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $185.27, for a total transaction of $1,427,505.35. Following the transaction, the director now owns 6,797 shares in the company, valued at $1,259,280.19. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dwight D. Churchill sold 2,080 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $184.28, for a total value of $383,302.40. Following the transaction, the director now owns 6,104 shares in the company, valued at approximately $1,124,845.12. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.
Several brokerages have recently commented on AMG. restated a “buy” rating and set a $229.00 target price on shares of Affiliated Managers Group in a report on Thursday, October 12th. Jefferies Group LLC reiterated a “buy” rating and issued a $226.00 price target on shares of Affiliated Managers Group in a report on Thursday, October 12th. cut Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. reiterated an “outperform” rating and issued a $215.00 price target on shares of Affiliated Managers Group in a report on Wednesday, October 4th. They noted that the move was a valuation call. Finally, cut Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Affiliated Managers Group has a consensus rating of “Buy” and an average price target of $207.25.
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Affiliated Managers Group, Inc. (NYSE AMG) opened at $183.15 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. Affiliated Managers Group, Inc. has a 1-year low of $139.15 and a 1-year high of $198.40. The stock has a market capitalization of $10,163.71, a PE ratio of 13.30, a price-to-earnings-growth ratio of 0.86 and a beta of 1.70.
Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Monday, October 30th. The asset manager reported $3.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.36 by $0.05. Affiliated Managers Group had a return on equity of 17.63% and a net margin of 23.29%. The firm had revenue of $585.70 million for the quarter, compared to analysts’ expectations of $586.55 million. During the same quarter last year, the business earned $3.02 earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year. sell-side analysts expect that Affiliated Managers Group, Inc. will post 14.44 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Wednesday, November 8th. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 8.66%.
Affiliated Managers Group Company Profile
Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.
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