First National Bank of Omaha Grows Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

First National Bank of Omaha raised its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 26.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,880 shares of the asset manager’s stock after purchasing an additional 10,895 shares during the period. First National Bank of Omaha owned about 0.10% of Affiliated Managers Group worth $4,325,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Alta Capital Management LLC lifted its holdings in shares of Affiliated Managers Group by 4.7% during the 2nd quarter. Alta Capital Management LLC now owns 2,685 shares of the asset manager’s stock worth $247,000 after acquiring an additional 120 shares during the period. OLD National Bancorp IN lifted its holdings in shares of Affiliated Managers Group by 9.2% during the 2nd quarter. OLD National Bancorp IN now owns 9,106 shares of the asset manager’s stock worth $839,000 after acquiring an additional 766 shares during the period. Barr E S & Co. lifted its holdings in shares of Affiliated Managers Group by 9.8% during the 2nd quarter. Barr E S & Co. now owns 177,206 shares of the asset manager’s stock worth $16,328,000 after acquiring an additional 15,824 shares during the period. Regal Investment Advisors LLC lifted its holdings in shares of Affiliated Managers Group by 7.8% during the 2nd quarter. Regal Investment Advisors LLC now owns 15,187 shares of the asset manager’s stock worth $1,399,000 after acquiring an additional 1,096 shares during the period. Finally, Welch & Forbes LLC lifted its holdings in shares of Affiliated Managers Group by 16.0% during the 2nd quarter. Welch & Forbes LLC now owns 4,361 shares of the asset manager’s stock worth $401,000 after acquiring an additional 600 shares during the period. Institutional investors own 93.73% of the company’s stock.

In related news, Director Samuel T. Byrne purchased 6,589 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was acquired at an average price of $88.77 per share, with a total value of $584,905.53. Following the completion of the transaction, the director now owns 19,082 shares of the company’s stock, valued at $1,693,909.14. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Nathaniel Dalton sold 23,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $76.86, for a total transaction of $1,767,780.00. Following the sale, the director now directly owns 208,346 shares of the company’s stock, valued at approximately $16,013,473.56. The disclosure for this sale can be found here. 1.43% of the stock is owned by company insiders.

NYSE:AMG traded down $0.21 during trading hours on Friday, hitting $86.84. The stock had a trading volume of 386,859 shares, compared to its average volume of 556,902. The company has a current ratio of 1.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49. Affiliated Managers Group, Inc. has a 1-year low of $71.08 and a 1-year high of $119.07. The business has a 50 day simple moving average of $79.54 and a two-hundred day simple moving average of $86.23. The company has a market cap of $4.30 billion, a PE ratio of 5.99, a price-to-earnings-growth ratio of 0.64 and a beta of 1.64.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Monday, October 28th. The asset manager reported $3.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.14 by $0.02. Affiliated Managers Group had a negative net margin of 7.03% and a positive return on equity of 17.83%. The company had revenue of $549.00 million during the quarter, compared to the consensus estimate of $547.10 million. During the same quarter last year, the company earned $3.45 earnings per share. Affiliated Managers Group’s revenue for the quarter was down 8.7% on a year-over-year basis. Research analysts expect that Affiliated Managers Group, Inc. will post 13.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.47%. The ex-dividend date is Wednesday, November 6th. Affiliated Managers Group’s dividend payout ratio (DPR) is 8.83%.

AMG has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Affiliated Managers Group from a “sell” rating to a “hold” rating and set a $81.00 price objective on the stock in a report on Thursday, October 3rd. Bank of America increased their price objective on shares of Affiliated Managers Group from $75.00 to $85.00 and gave the stock an “underperform” rating in a report on Tuesday, October 8th. Barrington Research set a $100.00 price objective on shares of Affiliated Managers Group and gave the stock a “buy” rating in a report on Friday, October 11th. ValuEngine upgraded shares of Affiliated Managers Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Citigroup cut their price objective on shares of Affiliated Managers Group from $98.00 to $75.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $96.70.

About Affiliated Managers Group

Affiliated Managers Group, Inc, through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.

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Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

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