Affiliated Managers Group, Inc. (NYSE:AMG) Director Patrick T. Ryan sold 8,902 shares of Affiliated Managers Group stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $152.89, for a total transaction of $1,361,026.78. Following the completion of the transaction, the director now owns 10,342 shares of the company’s stock, valued at $1,581,188.38. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) traded down 0.86% on Tuesday, reaching $152.66. 419,230 shares of the company’s stock traded hands. The firm’s 50-day moving average is $158.80 and its 200-day moving average is $155.11. Affiliated Managers Group, Inc. has a 52-week low of $130.48 and a 52-week high of $177.76. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 17.37 and a beta of 1.59.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Monday, May 1st. The asset manager reported $3.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.18 by $0.03. Affiliated Managers Group had a net margin of 21.48% and a return on equity of 17.65%. The firm had revenue of $544.30 million during the quarter, compared to analyst estimates of $551.56 million. During the same quarter in the prior year, the business earned $2.94 earnings per share. Affiliated Managers Group’s revenue for the quarter was down .2% on a year-over-year basis. Analysts anticipate that Affiliated Managers Group, Inc. will post $14.60 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 25th. Investors of record on Thursday, May 11th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, May 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.52%. Affiliated Managers Group’s dividend payout ratio is 9.35%.

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Institutional investors have recently modified their holdings of the company. World Asset Management Inc raised its position in shares of Affiliated Managers Group by 2.7% in the third quarter. World Asset Management Inc now owns 5,228 shares of the asset manager’s stock worth $756,000 after buying an additional 136 shares in the last quarter. Huntington National Bank raised its position in shares of Affiliated Managers Group by 16.6% in the third quarter. Huntington National Bank now owns 7,564 shares of the asset manager’s stock worth $1,095,000 after buying an additional 1,076 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Affiliated Managers Group by 205.5% in the third quarter. Nordea Investment Management AB now owns 39,920 shares of the asset manager’s stock worth $5,776,000 after buying an additional 26,854 shares in the last quarter. OLD National Bancorp IN raised its position in shares of Affiliated Managers Group by 40.3% in the third quarter. OLD National Bancorp IN now owns 9,059 shares of the asset manager’s stock worth $1,311,000 after buying an additional 2,602 shares in the last quarter. Finally, New Amsterdam Partners LLC NY raised its position in shares of Affiliated Managers Group by 7.5% in the third quarter. New Amsterdam Partners LLC NY now owns 34,065 shares of the asset manager’s stock worth $4,929,000 after buying an additional 2,377 shares in the last quarter. Hedge funds and other institutional investors own 98.85% of the company’s stock.

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $185.00 price objective on shares of Affiliated Managers Group in a research note on Tuesday, April 4th. TheStreet upgraded shares of Affiliated Managers Group from a “c+” rating to a “b” rating in a research note on Monday, March 20th. Citigroup Inc reiterated a “buy” rating on shares of Affiliated Managers Group in a research note on Tuesday, January 31st. Jefferies Group LLC lifted their price objective on shares of Affiliated Managers Group from $191.00 to $195.00 and gave the company a “positive” rating in a research note on Wednesday, February 15th. Finally, Credit Suisse Group AG set a $194.00 price objective on shares of Affiliated Managers Group and gave the company a “buy” rating in a research note on Tuesday, January 31st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $186.88.

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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