2,180 Shares in Affiliated Managers Group, Inc. $AMG Bought by ARQ Wealth Advisors LLC

ARQ Wealth Advisors LLC bought a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,180 shares of the asset manager’s stock, valued at approximately $603,000.

Several other large investors also recently bought and sold shares of AMG. Goldman Sachs Group Inc. grew its position in shares of Affiliated Managers Group by 1.3% in the first quarter. Goldman Sachs Group Inc. now owns 113,353 shares of the asset manager’s stock valued at $19,047,000 after purchasing an additional 1,428 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Affiliated Managers Group by 4.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 141,733 shares of the asset manager’s stock valued at $23,815,000 after buying an additional 6,262 shares during the last quarter. Jane Street Group LLC purchased a new position in Affiliated Managers Group during the first quarter worth $1,947,000. American Century Companies Inc. raised its holdings in shares of Affiliated Managers Group by 1.2% in the second quarter. American Century Companies Inc. now owns 8,552 shares of the asset manager’s stock worth $1,683,000 after acquiring an additional 104 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Affiliated Managers Group by 89.9% in the second quarter. EverSource Wealth Advisors LLC now owns 281 shares of the asset manager’s stock valued at $55,000 after acquiring an additional 133 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Trading Up 0.5%

Shares of NYSE AMG traded up $1.84 during trading on Friday, hitting $366.80. 198,096 shares of the company traded hands, compared to its average volume of 288,377. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $9.69 billion, a P/E ratio of 14.84, a P/E/G ratio of 0.61 and a beta of 1.12. The company has a 50-day moving average price of $327.18 and a 200-day moving average price of $307.99. Affiliated Managers Group, Inc. has a 1 year low of $199.59 and a 1 year high of $369.94.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Friday, May 1st. The asset manager reported $8.23 EPS 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 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 firm’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $5.37 earnings per share. On average, equities analysts predict that Affiliated Managers Group, Inc. will post 35.17 EPS for the current year.

Affiliated Managers Group Dividend Announcement

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

Insider Buying and Selling

In other news, CEO Jay C. Horgen sold 17,500 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $338.27, for a total value of $5,919,725.00. Following the transaction, the chief executive officer owned 204,706 shares of the company’s stock, valued at approximately $69,245,898.62. This trade represents a 7.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rodriguez Felix V. Matos sold 1,000 shares of Affiliated Managers Group stock in a transaction on Friday, May 8th. The shares were sold at an average price of $300.18, for a total transaction of $300,180.00. Following the transaction, the director owned 4,369 shares in the company, valued at $1,311,486.42. The trade was a 18.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 21,902 shares of company stock valued at $7,257,719. 2.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AMG. Weiss Ratings restated a “buy (b)” rating on shares of Affiliated Managers Group in a report on Friday, June 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $400.00 price objective on shares of Affiliated Managers Group in a research note on Monday, May 4th. Wall Street Zen raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Sunday, June 28th. Barrington Research reiterated an “outperform” rating and issued a $365.00 price target on shares of Affiliated Managers Group in a report on Monday, April 27th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $405.00 price target on shares of Affiliated Managers Group in a research note on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Affiliated Managers Group has an average rating of “Moderate Buy” and an average price target of $362.29.

About Affiliated Managers Group

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.