Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Purchases Shares of 1,500 Affiliated Managers Group, Inc. $AMG

by · The Markets Daily

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new stake in Affiliated Managers Group, Inc. (NYSE:AMG – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,500 shares of the asset manager’s stock, valued at approximately $432,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Syon Capital LLC boosted its stake in shares of Affiliated Managers Group by 30.1% in the 4th quarter. Syon Capital LLC now owns 1,287 shares of the asset manager’s stock valued at $371,000 after purchasing an additional 298 shares in the last quarter. Cookson Peirce & Co. Inc. boosted its stake in shares of Affiliated Managers Group by 22.5% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,202 shares of the asset manager’s stock valued at $347,000 after purchasing an additional 221 shares in the last quarter. Vestcor Inc boosted its stake in shares of Affiliated Managers Group by 23.5% in the 4th quarter. Vestcor Inc now owns 3,560 shares of the asset manager’s stock valued at $1,026,000 after purchasing an additional 677 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Affiliated Managers Group by 9.6% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 31,850 shares of the asset manager’s stock valued at $9,182,000 after purchasing an additional 2,800 shares in the last quarter. Finally, Vise Technologies Inc. boosted its stake in shares of Affiliated Managers Group by 7.8% in the 4th quarter. Vise Technologies Inc. now owns 5,233 shares of the asset manager’s stock valued at $1,509,000 after purchasing an additional 377 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

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 dated Friday, May 8th. The shares were sold at an average price of $300.18, for a total value of $300,180.00. Following the transaction, the director owned 4,369 shares of the company’s stock, valued at approximately $1,311,486.42. This trade represents a 18.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director G. Staley Cates purchased 1,500 shares of the stock in a transaction dated Wednesday, May 6th. The shares were acquired at an average price of $305.83 per share, with a total value of $458,745.00. Following the transaction, the director owned 6,405 shares in the company, valued at $1,958,841.15. This trade represents a 30.58% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 6,602 shares of company stock worth $1,950,122 over the last quarter. Corporate insiders own 2.90% of the company’s stock.

Affiliated Managers Group Stock Up 0.6%

Shares of NYSE AMG opened at $336.75 on Friday. The firm’s 50-day simple moving average is $295.19 and its 200 day simple moving average is $293.79. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 0.57 and a beta of 1.13. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.73. Affiliated Managers Group, Inc. has a 12-month low of $179.79 and a 12-month high of $338.07.

Affiliated Managers Group (NYSE:AMG – Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $544.90 million for the quarter, compared to the consensus estimate of $544.01 million. Affiliated Managers Group had a net margin of 35.55% and a return on equity of 20.17%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.37 EPS. On average, research analysts expect that Affiliated Managers Group, Inc. will post 34.71 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on AMG shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $400.00 target price on shares of Affiliated Managers Group in a research note on Monday, May 4th. TD Cowen restated a “buy” rating and issued a $454.00 target price on shares of Affiliated Managers Group in a research note on Wednesday, May 13th. Barrington Research restated an “outperform” rating and issued a $365.00 target price on shares of Affiliated Managers Group in a research note on Monday, April 27th. Wall Street Zen downgraded shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 4th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $405.00 target price on shares of Affiliated Managers Group in a research note on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Affiliated Managers Group currently has an average rating of “Moderate Buy” and an average target price of $362.29.

Get Our Latest Report on Affiliated Managers Group

Affiliated Managers Group Company Profile

(Free Report)

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.

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