Rodriguez Felix Matos Sells 1,000 Shares of Affiliated Managers Group (NYSE:AMG) Stock

Affiliated Managers Group, Inc. (NYSE:AMG) Director Rodriguez Felix Matos sold 1,000 shares of Affiliated Managers Group stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $300.18, for a total value of $300,180.00. Following the completion of the sale, the director owned 4,369 shares of the company’s stock, valued at approximately $1,311,486.42. The trade was a 18.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Affiliated Managers Group Price Performance

Shares of AMG opened at $302.79 on Friday. The firm has a market cap of $8.04 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 0.52 and a beta of 1.14. Affiliated Managers Group, Inc. has a 52-week low of $172.54 and a 52-week high of $334.78. The business’s 50 day moving average price is $287.55 and its two-hundred day moving average price is $285.63. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.34 and a current ratio of 1.34.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Friday, May 1st. The asset manager reported $8.23 EPS for the quarter, topping the consensus estimate of $8.10 by $0.13. Affiliated Managers Group had a net margin of 35.55% and a return on equity of 19.92%. The company had revenue of $544.90 million during the quarter, compared to the consensus estimate of $544.01 million. During the same quarter last year, the firm posted $5.37 EPS. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, equities analysts anticipate that Affiliated Managers Group, Inc. will post 34.23 EPS for the current year.

Affiliated Managers Group Announces Dividend

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

Institutional Investors Weigh In On Affiliated Managers Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Leonteq Securities AG bought a new position in Affiliated Managers Group in the 4th quarter valued at about $30,000. Root Financial Partners LLC bought a new stake in Affiliated Managers Group during the 3rd quarter worth approximately $33,000. Meeder Asset Management Inc. bought a new stake in Affiliated Managers Group during the 3rd quarter worth approximately $34,000. Hantz Financial Services Inc. raised its stake in shares of Affiliated Managers Group by 189.8% in the third quarter. Hantz Financial Services Inc. now owns 142 shares of the asset manager’s stock worth $34,000 after purchasing an additional 93 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Affiliated Managers Group in the fourth quarter worth approximately $42,000. 95.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AMG shares. Wall Street Zen cut shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 4th. TD Cowen dropped their price target on Affiliated Managers Group to $454.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $400.00 price target on shares of Affiliated Managers Group in a report on Monday, May 4th. Barrington Research reissued an “outperform” rating and issued a $365.00 price objective on shares of Affiliated Managers Group in a research note on Monday, April 27th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Affiliated Managers Group in a report on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $362.29.

About Affiliated Managers Group

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.