Affiliated Managers Group (NYSE:AMG) Director David Christopher Ryan Sells 3,402 Shares

Affiliated Managers Group, Inc. (NYSE:AMG) Director David Christopher Ryan sold 3,402 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $305.06, for a total transaction of $1,037,814.12. Following the completion of the transaction, the director owned 1,092 shares in the company, valued at $333,125.52. The trade was a 75.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Affiliated Managers Group Trading Up 1.7%

AMG opened at $302.79 on Friday. The firm has a market capitalization of $8.04 billion, a P/E ratio of 12.25, a P/E/G ratio of 0.51 and a beta of 1.14. The firm’s 50 day moving average is $287.55 and its 200-day moving average is $285.63. Affiliated Managers Group, Inc. has a 52-week low of $172.54 and a 52-week high of $334.78. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.64.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Friday, May 1st. The asset manager reported $8.23 earnings per share for the quarter, topping analysts’ consensus estimates of $8.10 by $0.13. The business had revenue of $544.90 million during 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 19.92%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $5.37 earnings per share. Analysts expect that Affiliated Managers Group, Inc. will post 34.23 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AMG shares. TD Cowen dropped their price target on shares of Affiliated Managers Group to $454.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Affiliated Managers Group in a research note on Wednesday, January 21st. The Goldman Sachs Group reissued a “buy” rating and issued a $405.00 price target on shares of Affiliated Managers Group in a research note on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $400.00 price target on shares of Affiliated Managers Group in a research note on Monday. Finally, Barrington Research restated an “outperform” rating and issued a $365.00 target price on shares of Affiliated Managers Group in a report on Monday, April 27th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $362.29.

Hedge Funds Weigh In On Affiliated Managers Group

Several hedge funds have recently added to or reduced their stakes in AMG. Boston Partners raised its position in Affiliated Managers Group by 2.1% in the 3rd quarter. Boston Partners now owns 1,157,344 shares of the asset manager’s stock valued at $275,957,000 after buying an additional 24,217 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Affiliated Managers Group by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 718,313 shares of the asset manager’s stock worth $198,746,000 after acquiring an additional 18,865 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Affiliated Managers Group by 20.2% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 685,588 shares of the asset manager’s stock worth $197,641,000 after acquiring an additional 115,313 shares during the period. Geode Capital Management LLC boosted its stake in shares of Affiliated Managers Group by 8.1% during the 4th quarter. Geode Capital Management LLC now owns 551,153 shares of the asset manager’s stock worth $158,916,000 after acquiring an additional 41,322 shares during the period. Finally, LSV Asset Management boosted its stake in Affiliated Managers Group by 0.7% in the 3rd quarter. LSV Asset Management now owns 479,624 shares of the asset manager’s stock valued at $114,357,000 after purchasing an additional 3,400 shares during the period. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Company Profile

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.