Affiliated Managers Group, Inc. (NYSE:AMG) insider Peter W. Macewen sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $197.67, for a total transaction of $1,976,700.00. Following the completion of the transaction, the insider now directly owns 37,682 shares of the company’s stock, valued at approximately $7,448,600.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Affiliated Managers Group, Inc. (NYSE AMG) traded up $0.22 during midday trading on Thursday, reaching $198.21. 187,832 shares of the company were exchanged, compared to its average volume of 408,759. The firm has a market cap of $10,950.19, a price-to-earnings ratio of 14.33, a PEG ratio of 0.93 and a beta of 1.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.61. Affiliated Managers Group, Inc. has a 12-month low of $139.52 and a 12-month high of $202.09.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Monday, October 30th. The asset manager reported $3.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.36 by $0.05. The firm had revenue of $585.70 million during the quarter, compared to analyst estimates of $586.55 million. Affiliated Managers Group had a net margin of 23.29% and a return on equity of 17.63%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $3.02 EPS. analysts expect that Affiliated Managers Group, Inc. will post 14.45 earnings per share for the current fiscal year.

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

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Affiliated Managers Group by 5.1% during the 2nd quarter. Vanguard Group Inc. now owns 5,574,012 shares of the asset manager’s stock worth $924,505,000 after buying an additional 270,929 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Affiliated Managers Group by 60.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,591,358 shares of the asset manager’s stock worth $595,663,000 after buying an additional 1,359,805 shares in the last quarter. State Street Corp lifted its position in Affiliated Managers Group by 6.7% during the 2nd quarter. State Street Corp now owns 2,757,345 shares of the asset manager’s stock worth $457,334,000 after buying an additional 174,278 shares in the last quarter. Atlanta Capital Management Co. L L C lifted its position in Affiliated Managers Group by 0.6% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,973,612 shares of the asset manager’s stock worth $327,343,000 after buying an additional 10,982 shares in the last quarter. Finally, EdgePoint Investment Group Inc. lifted its position in Affiliated Managers Group by 42.2% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 1,932,316 shares of the asset manager’s stock worth $320,494,000 after buying an additional 573,066 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on AMG. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $229.00 price target on shares of Affiliated Managers Group in a report on Thursday, October 12th. Jefferies Group reaffirmed a “buy” rating and issued a $200.00 target price on shares of Affiliated Managers Group in a research note on Friday, August 18th. Credit Suisse Group upped their target price on shares of Affiliated Managers Group from $205.00 to $223.00 and gave the stock an “outperform” rating in a research note on Friday, August 11th. Barrington Research reaffirmed 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. Finally, Zacks Investment Research raised shares of 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. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $207.25.

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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.

Insider Buying and Selling by Quarter for Affiliated Managers Group (NYSE:AMG)

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