Mitsubishi UFJ Trust & Banking Corp Sells 5,288 Shares of Affiliated Managers Group, Inc. (AMG)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 137,420 shares of the asset manager’s stock after selling 5,288 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.25% of Affiliated Managers Group worth $26,086,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMG. Stephens Inc. AR boosted its position in shares of Affiliated Managers Group by 0.4% in the second quarter. Stephens Inc. AR now owns 2,247 shares of the asset manager’s stock worth $373,000 after purchasing an additional 9 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in shares of Affiliated Managers Group by 2.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 755 shares of the asset manager’s stock worth $125,000 after purchasing an additional 16 shares during the period. Oliver Luxxe Assets LLC boosted its position in shares of Affiliated Managers Group by 0.5% in the second quarter. Oliver Luxxe Assets LLC now owns 7,237 shares of the asset manager’s stock worth $1,200,000 after purchasing an additional 33 shares during the period. CIBC Asset Management Inc boosted its position in shares of Affiliated Managers Group by 1.0% in the second quarter. CIBC Asset Management Inc now owns 5,122 shares of the asset manager’s stock worth $850,000 after purchasing an additional 53 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its position in shares of Affiliated Managers Group by 0.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 10,911 shares of the asset manager’s stock worth $1,810,000 after purchasing an additional 69 shares during the period. Institutional investors own 95.78% of the company’s stock.

Affiliated Managers Group, Inc. (AMG) traded up $0.98 during trading on Thursday, reaching $197.99. 194,700 shares of the company were exchanged, compared to its average volume of 409,700. The stock has a market capitalization of $10,950.19, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 0.93 and a beta of 1.71. 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 52 week low of $139.52 and a 52 week high of $202.09.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Monday, October 30th. The asset manager reported $3.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.36 by $0.05. The company had revenue of $585.70 million for the quarter, compared to the consensus estimate of $586.55 million. Affiliated Managers Group had a net margin of 23.29% and a return on equity of 17.63%. Affiliated Managers Group’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.02 earnings per share. sell-side analysts anticipate that Affiliated Managers Group, Inc. will post 14.45 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Thursday, November 9th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Wednesday, November 8th. Affiliated Managers Group’s payout ratio is 8.66%.

In related news, CEO Sean M. Healey sold 69,800 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $185.48, for a total transaction of $12,946,504.00. Following the sale, the chief executive officer now owns 194,943 shares of the company’s stock, valued at $36,158,027.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Patrick T. Ryan sold 7,705 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $185.27, for a total transaction of $1,427,505.35. Following the sale, the director now directly owns 6,797 shares in the company, valued at approximately $1,259,280.19. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,585 shares of company stock worth $14,757,312. 1.40% of the stock is owned by insiders.

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

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About Affiliated Managers Group

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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