Affiliated Managers Group, Inc. $AMG is Bruni J V & Co. Co.’s 2nd Largest Position

Bruni J V & Co. Co. lowered its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 252,147 shares of the asset manager’s stock after selling 2,842 shares during the period. Affiliated Managers Group comprises about 7.1% of Bruni J V & Co. Co.’s portfolio, making the stock its 2nd largest position. Bruni J V & Co. Co. owned about 0.90% of Affiliated Managers Group worth $72,689,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in Affiliated Managers Group during the fourth quarter worth about $113,743,000. Basepoint Wealth LLC purchased a new stake in Affiliated Managers Group during the fourth quarter worth about $100,000. Geode Capital Management LLC increased its holdings in Affiliated Managers Group by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 551,153 shares of the asset manager’s stock worth $158,916,000 after buying an additional 41,322 shares during the last quarter. Williamson Legacy Group LLC increased its holdings in Affiliated Managers Group by 1.5% during the fourth quarter. Williamson Legacy Group LLC now owns 4,109 shares of the asset manager’s stock worth $1,185,000 after buying an additional 62 shares during the last quarter. Finally, Penn Capital Management Company LLC increased its holdings in Affiliated Managers Group by 5.2% during the fourth quarter. Penn Capital Management Company LLC now owns 5,734 shares of the asset manager’s stock worth $1,679,000 after buying an additional 284 shares during the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Insider Buying and Selling at Affiliated Managers Group

In other Affiliated Managers Group news, Director David Christopher Ryan sold 3,402 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $305.06, for a total value of $1,037,814.12. Following the sale, the director directly owned 1,092 shares in the company, valued at $333,125.52. This represents a 75.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Rodriguez Felix V. Matos sold 1,000 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $300.18, for a total transaction of $300,180.00. Following the completion of the sale, the director owned 4,369 shares in the company, valued at $1,311,486.42. This represents a 18.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 14,602 shares of company stock worth $4,240,522. 2.90% of the stock is owned by corporate insiders.

Affiliated Managers Group Price Performance

Affiliated Managers Group stock opened at $302.86 on Friday. The firm has a market capitalization of $8.00 billion, a P/E ratio of 12.25, a PEG ratio of 0.51 and a beta of 1.14. Affiliated Managers Group, Inc. has a one year low of $172.54 and a one year high of $334.78. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.79 and a quick ratio of 1.79. The business has a fifty day moving average price of $291.00 and a 200-day moving average price of $291.70.

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

Affiliated Managers Group Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently issued reports on AMG. The Goldman Sachs Group restated a “buy” rating and set a $405.00 price objective on shares of Affiliated Managers Group in a report on Monday, May 4th. TD Cowen restated a “buy” rating and set a $454.00 price objective on shares of Affiliated Managers Group in a 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 report on Saturday, April 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $400.00 price objective on shares of Affiliated Managers Group in a report on Monday, May 4th. Finally, Barrington Research restated an “outperform” rating and set a $365.00 price objective on shares of Affiliated Managers Group in a report on Monday, April 27th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock 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.