Affiliated Managers Group, Inc. $AMG Shares Sold by North Star Asset Management Inc.

North Star Asset Management Inc. lessened its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 9.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 77,228 shares of the asset manager’s stock after selling 8,106 shares during the period. North Star Asset Management Inc.’s holdings in Affiliated Managers Group were worth $22,263,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Leonteq Securities AG acquired a new stake in Affiliated Managers Group during the 4th quarter valued at $30,000. Root Financial Partners LLC acquired a new stake in Affiliated Managers Group during the 3rd quarter valued at $33,000. Hantz Financial Services Inc. grew its holdings in Affiliated Managers Group by 189.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 142 shares of the asset manager’s stock valued at $34,000 after buying an additional 93 shares during the last quarter. Highlander Partners L.P. acquired a new stake in Affiliated Managers Group during the 4th quarter valued at $68,000. Finally, Jones Financial Companies Lllp grew its holdings in Affiliated Managers Group by 51.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 246 shares of the asset manager’s stock valued at $59,000 after buying an additional 84 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Price Performance

AMG stock opened at $301.99 on Friday. Affiliated Managers Group, Inc. has a 52-week low of $172.54 and a 52-week high of $334.78. The stock’s fifty day simple moving average is $287.86 and its 200-day simple moving average is $290.00. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 0.52 and a beta of 1.14.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Friday, May 1st. The asset manager reported $8.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.10 by $0.13. Affiliated Managers Group had a return on equity of 20.17% and a net margin of 35.55%.The business had revenue of $544.90 million for the quarter, compared to analysts’ expectations of $544.01 million. During the same quarter last year, the firm earned $5.37 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. Equities research analysts expect that Affiliated Managers Group, Inc. will post 34.31 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, May 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. Affiliated Managers Group’s dividend payout ratio (DPR) is 0.16%.

Analysts Set New Price Targets

A number of brokerages have commented on AMG. Wall Street Zen cut Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 4th. TD Cowen reiterated a “buy” rating and set a $454.00 target price on shares of Affiliated Managers Group in a report on Wednesday, May 13th. Barrington Research reiterated an “outperform” rating and set a $365.00 target price on shares of Affiliated Managers Group in a report on Monday, April 27th. The Goldman Sachs Group reiterated a “buy” rating and set a $405.00 target price on shares of Affiliated Managers Group in a report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $400.00 target price on shares of Affiliated Managers Group in a report on Monday, May 4th. Seven 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 has an average rating of “Moderate Buy” and a consensus price target of $362.29.

Insider Buying and Selling at Affiliated Managers Group

In other news, Director Rodriguez Felix V. Matos sold 1,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $300.18, for a total transaction of $300,180.00. Following the sale, the director owned 4,369 shares in the company, valued at $1,311,486.42. This trade represents a 18.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Kavita Padiyar sold 2,200 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $278.24, for a total value of $612,128.00. Following the sale, the general counsel owned 42,672 shares in the company, valued at $11,873,057.28. This trade represents a 4.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 14,602 shares of company stock valued at $4,240,522. 2.90% of the stock is currently owned by insiders.

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.