2,404 Shares in Affiliated Managers Group, Inc. $AMG Purchased by AXQ Capital LP

AXQ Capital LP acquired a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,404 shares of the asset manager’s stock, valued at approximately $693,000.

Several other large investors have also made changes to their positions in the business. AlphaCore Capital LLC grew its stake in shares of Affiliated Managers Group by 3.4% in the fourth quarter. AlphaCore Capital LLC now owns 1,083 shares of the asset manager’s stock valued at $312,000 after acquiring an additional 36 shares in the last quarter. Allworth Financial LP lifted its position in Affiliated Managers Group by 10.3% during the fourth quarter. Allworth Financial LP now owns 482 shares of the asset manager’s stock worth $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 fourth quarter. Coldstream Capital Management Inc. now owns 2,400 shares of the asset manager’s stock worth $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 third quarter. US Bancorp DE now owns 3,561 shares of the asset manager’s stock worth $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 fourth quarter. Williamson Legacy Group LLC now owns 4,109 shares of the asset manager’s stock worth $1,185,000 after purchasing an additional 62 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $400.00 price objective on shares of Affiliated Managers Group in a research report on Monday, May 4th. Wall Street Zen cut shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 4th. TD Cowen reissued a “buy” rating and issued a $454.00 target price on shares of Affiliated Managers Group in a report on Wednesday, May 13th. The Goldman Sachs Group reissued a “buy” rating and issued a $405.00 target price on shares of Affiliated Managers Group in a report on Monday, May 4th. Finally, Barrington Research reiterated an “outperform” rating and issued 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $362.29.

Insider Buying and Selling at Affiliated Managers Group

In other Affiliated Managers Group news, General Counsel Kavita Padiyar sold 2,200 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $278.24, for a total transaction of $612,128.00. Following the completion of the sale, the general counsel owned 42,672 shares of the company’s stock, valued at approximately $11,873,057.28. This represents a 4.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $1,037,814.12. Following the sale, the director directly owned 1,092 shares of the company’s stock, valued at $333,125.52. This represents a 75.70% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 14,602 shares of company stock worth $4,240,522. Company insiders own 2.90% of the company’s stock.

Affiliated Managers Group Stock Up 2.9%

Shares of NYSE AMG opened at $311.13 on Wednesday. The company has a 50 day simple moving average of $291.49 and a 200 day simple moving average of $292.24. The firm has a market cap of $8.22 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 0.51 and a beta of 1.13. Affiliated Managers Group, Inc. has a 1 year low of $178.17 and a 1 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.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Friday, May 1st. The asset manager reported $8.23 earnings per share for the quarter, beating analysts’ consensus estimates of $8.10 by $0.13. The business had revenue of $544.90 million during the quarter, compared to the consensus estimate of $544.01 million. Affiliated Managers Group had a net margin of 35.55% and a return on equity of 20.17%. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.37 EPS. On average, 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 given 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 dividend payout ratio is currently 0.16%.

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.