Livforsakringsbolaget Skandia Omsesidigt Grows Holdings in Affiliated Managers Group, Inc. $AMG

Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 9.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,850 shares of the asset manager’s stock after purchasing an additional 2,800 shares during the period. Livforsakringsbolaget Skandia Omsesidigt owned about 0.11% of Affiliated Managers Group worth $9,182,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Leonteq Securities AG purchased a new stake in Affiliated Managers Group in the fourth quarter worth $30,000. Hantz Financial Services Inc. increased its stake in Affiliated Managers Group by 189.8% in the third quarter. Hantz Financial Services Inc. now owns 142 shares of the asset manager’s stock worth $34,000 after purchasing an additional 93 shares during the period. Highlander Partners L.P. purchased a new position in shares of Affiliated Managers Group during the fourth quarter valued at $68,000. Jones Financial Companies Lllp increased its stake in shares of Affiliated Managers Group by 51.9% during the third 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 period. Finally, Tema Etfs LLC purchased a new position in shares of Affiliated Managers Group during the fourth quarter valued at $73,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Price Performance

Shares of AMG stock opened at $334.50 on Friday. Affiliated Managers Group, Inc. has a 1-year low of $179.04 and a 1-year high of $336.76. The stock’s 50-day moving average is $294.06 and its 200 day moving average is $293.49. The company has a market cap of $8.83 billion, a P/E ratio of 13.53, a PEG ratio of 0.53 and a beta of 1.13. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.79 and a quick ratio of 1.79.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Friday, May 1st. The asset manager reported $8.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $544.90 million for the quarter, compared to the consensus estimate of $544.01 million. During the same quarter last year, the company earned $5.37 earnings per share. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. Research analysts predict 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 disclosed 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 of this dividend was Monday, May 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.16%.

Analyst Upgrades and Downgrades

AMG has been the topic of several research reports. Wall Street Zen lowered Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 4th. TD Cowen restated a “buy” rating and set a $454.00 price target on shares of Affiliated Managers Group in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $400.00 price target on shares of Affiliated Managers Group in a research note on Monday, May 4th. The Goldman Sachs Group restated a “buy” rating and set a $405.00 price target on shares of Affiliated Managers Group in a research note on Monday, May 4th. Finally, Barrington Research restated an “outperform” rating and set a $365.00 price target on shares of Affiliated Managers Group in a research note on Monday, April 27th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Affiliated Managers Group presently has a consensus rating of “Moderate Buy” and an average price target of $362.29.

Insider Activity at Affiliated Managers Group

In related news, Director David Christopher Ryan sold 3,402 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $305.06, for a total transaction of $1,037,814.12. Following the sale, the director owned 1,092 shares of the company’s stock, valued at $333,125.52. This trade represents a 75.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Annette Franqui acquired 750 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average cost of $304.88 per share, for a total transaction of $228,660.00. Following the transaction, the director owned 1,962 shares of the company’s stock, valued at $598,174.56. This represents a 61.88% 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 valued at $1,950,122 over the last 90 days. Company insiders own 2.90% of the company’s stock.

Affiliated Managers Group 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.