BW Gestao de Investimentos Ltda. Makes New $12.11 Million Investment in Affiliated Managers Group, Inc. $AMG

BW Gestao de Investimentos Ltda. acquired a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 42,000 shares of the asset manager’s stock, valued at approximately $12,108,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. AlphaCore Capital LLC grew its holdings in Affiliated Managers Group by 3.4% during the 4th quarter. AlphaCore Capital LLC now owns 1,083 shares of the asset manager’s stock worth $312,000 after acquiring an additional 36 shares during the last quarter. Allworth Financial LP lifted its position in Affiliated Managers Group by 10.3% during the 4th quarter. Allworth Financial LP now owns 482 shares of the asset manager’s stock valued at $139,000 after purchasing an additional 45 shares during the period. Coldstream Capital Management Inc. lifted its position in Affiliated Managers Group by 2.0% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,400 shares of the asset manager’s stock valued at $692,000 after purchasing an additional 46 shares during the period. US Bancorp DE lifted its position in Affiliated Managers Group by 1.4% during the 3rd quarter. US Bancorp DE now owns 3,561 shares of the asset manager’s stock valued at $849,000 after purchasing an additional 49 shares during the period. Finally, Williamson Legacy Group LLC lifted its position in Affiliated Managers Group by 1.5% during the 4th quarter. Williamson Legacy Group LLC now owns 4,109 shares of the asset manager’s stock valued at $1,185,000 after purchasing an additional 62 shares during the period. Institutional investors own 95.30% of the company’s stock.

Insider Activity at Affiliated Managers Group

In other Affiliated Managers Group news, Director G. Staley Cates purchased 1,500 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was bought at an average cost of $305.83 per share, with a total value of $458,745.00. Following the purchase, the director directly owned 6,405 shares of the company’s stock, valued at $1,958,841.15. The trade was a 30.58% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Thomas M. Wojcik sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $286.30, for a total transaction of $2,290,400.00. Following the transaction, the chief operating officer directly owned 159,465 shares of the company’s stock, valued at $45,654,829.50. This represents a 4.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 14,602 shares of company stock worth $4,240,522. 2.90% of the stock is currently owned by corporate insiders.

Affiliated Managers Group Price Performance

Shares of AMG opened at $303.18 on Tuesday. The stock has a market capitalization of $8.01 billion, a P/E ratio of 12.26, a P/E/G ratio of 0.51 and a beta of 1.13. Affiliated Managers Group, Inc. has a twelve month low of $172.54 and a twelve month high of $334.78. The company has a 50 day moving average of $291.49 and a 200-day moving average of $292.24. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.73.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Friday, May 1st. The asset manager reported $8.23 earnings per share for the quarter, topping the consensus estimate of $8.10 by $0.13. The company had revenue of $544.90 million during the quarter, compared to analysts’ expectations of $544.01 million. Affiliated Managers Group had a net margin of 35.55% and a return on equity of 20.17%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the business earned $5.37 EPS. As a group, equities research analysts forecast that Affiliated Managers Group, Inc. will post 34.71 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend was Monday, May 11th. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 0.16%.

Wall Street Analysts Forecast Growth

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

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.