Affiliated Managers Group, Inc. (NYSE:AMG) Director Dwight D. Churchill sold 2,080 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $184.28, for a total transaction of $383,302.40. Following the sale, the director now directly owns 6,104 shares of the company’s stock, valued at approximately $1,124,845.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Affiliated Managers Group, Inc. (NYSE AMG) traded down $0.76 on Friday, hitting $185.35. The stock had a trading volume of 383,591 shares, compared to its average volume of 296,759. The company has a market capitalization of $10.30 billion, a price-to-earnings ratio of 13.48 and a beta of 1.70.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Monday, October 30th. The asset manager reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.36 by $0.05. The company had revenue of $585.70 million for the quarter, compared to analyst estimates of $586.55 million. Affiliated Managers Group had a return on equity of 17.63% and a net margin of 23.29%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company earned $3.02 earnings per share. research analysts anticipate that Affiliated Managers Group, Inc. will post 14.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Thursday, November 9th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Wednesday, November 8th. Affiliated Managers Group’s payout ratio is currently 8.66%.

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Several large investors have recently added to or reduced their stakes in AMG. Tributary Capital Management LLC acquired a new position in shares of Affiliated Managers Group in the 3rd quarter valued at $100,000. Creative Planning boosted its position in shares of Affiliated Managers Group by 15.0% in the 2nd quarter. Creative Planning now owns 705 shares of the asset manager’s stock valued at $117,000 after purchasing an additional 92 shares during the period. Advisor Group Inc. boosted its position in shares of Affiliated Managers Group by 46.2% in the 2nd quarter. Advisor Group Inc. now owns 722 shares of the asset manager’s stock valued at $120,000 after purchasing an additional 228 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in shares of Affiliated Managers Group by 2.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 755 shares of the asset manager’s stock valued at $125,000 after purchasing an additional 16 shares during the period. Finally, Financial Architects Inc boosted its position in shares of Affiliated Managers Group by 2.1% in the 2nd quarter. Financial Architects Inc now owns 833 shares of the asset manager’s stock valued at $138,000 after purchasing an additional 17 shares during the period. Institutional investors and hedge funds own 96.05% of the company’s stock.

AMG has been the subject of several recent research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $226.00 price objective on shares of Affiliated Managers Group in a research report on Thursday, October 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $229.00 target price on shares of Affiliated Managers Group in a research note on Thursday, October 12th. BidaskClub cut Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $213.00 target price for the company in a research note on Monday, October 2nd. Finally, Credit Suisse Group reiterated a “buy” rating and set a $207.00 target price on shares of Affiliated Managers Group in a research note on Sunday, July 9th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $207.25.

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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