Affiliated Managers Group, Inc. (AMG) Position Increased by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC increased its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 1.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 189,194 shares of the asset manager’s stock after acquiring an additional 3,062 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.34% of Affiliated Managers Group worth $35,915,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Tributary Capital Management LLC bought a new stake in shares of Affiliated Managers Group in the third quarter valued at $100,000. Advisor Group Inc. raised its stake in shares of Affiliated Managers Group by 46.2% in the second quarter. Advisor Group Inc. now owns 722 shares of the asset manager’s stock valued at $120,000 after buying an additional 228 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake 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 valued at $125,000 after buying an additional 16 shares during the period. Global X Management Co. LLC raised its stake in shares of Affiliated Managers Group by 78.5% in the second quarter. Global X Management Co. LLC now owns 980 shares of the asset manager’s stock valued at $163,000 after buying an additional 431 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of Affiliated Managers Group by 7.9% in the second quarter. Pacer Advisors Inc. now owns 1,183 shares of the asset manager’s stock valued at $196,000 after buying an additional 87 shares during the period. Institutional investors and hedge funds own 95.65% of the company’s stock.

Several analysts have issued reports on the company. Jefferies Group restated a “buy” rating and issued a $226.00 target price on shares of Affiliated Managers Group in a research note on Thursday, October 12th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $229.00 target price on shares of Affiliated Managers Group in a research note on Thursday, October 12th. Zacks Investment Research lowered Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Barrington Research restated an “outperform” rating and issued a $215.00 target price on shares of Affiliated Managers Group in a research note on Wednesday, October 4th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $207.25.

In other news, Director Patrick T. Ryan sold 7,705 shares of Affiliated Managers Group stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $185.27, for a total value of $1,427,505.35. Following the completion of the transaction, the director now directly owns 6,797 shares in the company, valued at $1,259,280.19. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dwight D. Churchill sold 2,080 shares of Affiliated Managers Group stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $184.28, for a total value of $383,302.40. Following the completion of the transaction, the director now owns 6,104 shares of the company’s stock, valued at $1,124,845.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,585 shares of company stock valued at $16,734,012. 1.40% of the stock is owned by company insiders.

Affiliated Managers Group, Inc. (AMG) opened at $201.88 on Friday. The firm has a market capitalization of $11,260.34, a price-to-earnings ratio of 14.73, a PEG ratio of 0.95 and a beta of 1.71. Affiliated Managers Group, Inc. has a 52-week low of $139.52 and a 52-week high of $204.96. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.61 and a quick ratio of 0.61.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Monday, October 30th. The asset manager reported $3.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.36 by $0.05. The company had revenue of $585.70 million during the quarter, compared to analysts’ expectations of $586.55 million. Affiliated Managers Group had a return on equity of 17.63% and a net margin of 23.29%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $3.02 earnings per share. analysts anticipate that Affiliated Managers Group, Inc. will post 14.47 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Thursday, November 9th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Wednesday, November 8th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 8.66%.

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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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