Affiliated Managers Group, Inc. (AMG) Shares Bought by Amundi Pioneer Asset Management Inc.

Amundi Pioneer Asset Management Inc. increased its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 156.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 714,516 shares of the asset manager’s stock after purchasing an additional 435,440 shares during the period. Amundi Pioneer Asset Management Inc. owned 1.29% of Affiliated Managers Group worth $135,637,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in Affiliated Managers Group by 15.0% in the 2nd quarter. Creative Planning now owns 705 shares of the asset manager’s stock valued at $117,000 after acquiring an additional 92 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Affiliated Managers Group by 90.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,220 shares of the asset manager’s stock valued at $202,000 after acquiring an additional 580 shares during the last quarter. LS Investment Advisors LLC raised its holdings in Affiliated Managers Group by 6.4% in the 2nd quarter. LS Investment Advisors LLC now owns 2,528 shares of the asset manager’s stock valued at $419,000 after acquiring an additional 151 shares during the last quarter. Aperio Group LLC raised its holdings in Affiliated Managers Group by 1.1% in the 2nd quarter. Aperio Group LLC now owns 32,860 shares of the asset manager’s stock valued at $5,450,000 after acquiring an additional 363 shares during the last quarter. Finally, APG Asset Management N.V. raised its holdings in Affiliated Managers Group by 71.2% in the 2nd quarter. APG Asset Management N.V. now owns 104,809 shares of the asset manager’s stock valued at $17,384,000 after acquiring an additional 43,600 shares during the last quarter. Hedge funds and other institutional investors own 97.43% of the company’s stock.

Shares of Affiliated Managers Group, Inc. (AMG) opened at $190.37 on Monday. Affiliated Managers Group, Inc. has a one year low of $139.52 and a one year high of $198.40. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.24. The firm has a market cap of $10,581.15, a P/E ratio of 13.85, a PEG ratio of 0.90 and a beta of 1.70.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Monday, October 30th. The asset manager reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.36 by $0.05. Affiliated Managers Group had a net margin of 23.29% and a return on equity of 17.63%. The business had revenue of $585.70 million during the quarter, compared to analysts’ expectations of $586.55 million. During the same quarter in the prior year, the company posted $3.02 EPS. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. sell-side analysts forecast that Affiliated Managers Group, Inc. will post 14.44 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Thursday, November 9th were paid a $0.20 dividend. The ex-dividend date was Wednesday, November 8th. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. Affiliated Managers Group’s dividend payout ratio (DPR) is 8.66%.

A number of research firms have commented on AMG. Jefferies Group LLC reiterated a “buy” rating and issued a $226.00 price objective on shares of Affiliated Managers Group in a report on Thursday, October 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $229.00 price objective on shares of Affiliated Managers Group in a report on Thursday, October 12th. Zacks Investment Research downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Barrington Research reiterated an “outperform” rating and issued a $215.00 price objective on shares of Affiliated Managers Group in a report on Wednesday, October 4th. They noted that the move was a valuation call. Finally, Credit Suisse Group increased their price objective on shares of Affiliated Managers Group from $205.00 to $223.00 and gave the company an “outperform” rating in a report on Friday, August 11th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $207.25.

In other news, CEO Sean M. Healey sold 69,800 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $185.48, for a total value of $12,946,504.00. Following the completion of the sale, the chief executive officer now owns 194,943 shares of the company’s stock, valued at approximately $36,158,027.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dwight D. Churchill sold 2,080 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $184.28, for a total transaction of $383,302.40. Following the completion of the sale, the director now directly owns 6,104 shares of the company’s stock, valued at approximately $1,124,845.12. The disclosure for this sale can be found here. In the last three months, insiders sold 79,585 shares of company stock valued at $14,757,312. Corporate insiders own 1.40% of the company’s stock.

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Affiliated Managers Group 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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Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

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