Brandywine Global Investment Management LLC Has $14.67 Million Holdings in Affiliated Managers Group, Inc. $AMG

Brandywine Global Investment Management LLC lessened its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 22.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 50,902 shares of the asset manager’s stock after selling 14,599 shares during the period. Brandywine Global Investment Management LLC’s holdings in Affiliated Managers Group were worth $14,674,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in AMG. Leonteq Securities AG acquired a new stake in Affiliated Managers Group in the fourth quarter valued at approximately $30,000. Hantz Financial Services Inc. boosted its position in shares of Affiliated Managers Group by 189.8% during the third quarter. Hantz Financial Services Inc. now owns 142 shares of the asset manager’s stock valued at $34,000 after buying an additional 93 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Affiliated Managers Group by 89.9% during the second quarter. EverSource Wealth Advisors LLC now owns 281 shares of the asset manager’s stock valued at $55,000 after buying an additional 133 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Affiliated Managers Group by 51.9% during the third quarter. Jones Financial Companies Lllp now owns 246 shares of the asset manager’s stock valued at $59,000 after buying an additional 84 shares during the last quarter. Finally, Highlander Partners L.P. purchased a new position in shares of Affiliated Managers Group during the fourth quarter valued at approximately $68,000. Institutional investors and hedge funds own 95.30% of the company’s stock.

Insider Transactions at Affiliated Managers Group

In related news, Director G. Staley Cates acquired 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were bought at an average cost of $305.83 per share, for a total transaction of $458,745.00. Following the purchase, the director owned 6,405 shares in the company, valued at $1,958,841.15. This trade represents a 30.58% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rodriguez Felix V. Matos sold 1,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $300.18, for a total value of $300,180.00. Following the sale, the director owned 4,369 shares in the company, valued at approximately $1,311,486.42. The trade was a 18.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 21,902 shares of company stock valued at $7,257,719. 2.90% of the stock is currently owned by insiders.

Affiliated Managers Group Stock Performance

Shares of AMG opened at $337.07 on Tuesday. The firm has a market cap of $8.90 billion, a PE ratio of 13.64, a PEG ratio of 0.57 and a beta of 1.13. The stock’s fifty day moving average price is $296.42 and its two-hundred day moving average price is $294.70. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.79 and a quick ratio of 1.79. Affiliated Managers Group, Inc. has a 1 year low of $179.79 and a 1 year high of $345.07.

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

Affiliated Managers Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were paid a $0.01 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. Affiliated Managers Group’s payout ratio is presently 0.16%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Barrington Research reaffirmed an “outperform” rating and set a $365.00 target price on shares of Affiliated Managers Group in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $400.00 target price on shares of Affiliated Managers Group in a research report on Monday, May 4th. TD Cowen reaffirmed 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 cut Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 4th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $405.00 target price on shares of Affiliated Managers Group in a research report on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $362.29.

Affiliated Managers Group Company 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.