Nisa Investment Advisors LLC Has $5.66 Million Position in Affiliated Managers Group, Inc. $AMG

Nisa Investment Advisors LLC increased its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 146.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,629 shares of the asset manager’s stock after purchasing an additional 11,656 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.07% of Affiliated Managers Group worth $5,659,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Affiliated Managers Group during the second quarter worth $71,779,000. Balyasny Asset Management L.P. increased its holdings in Affiliated Managers Group by 3,811.8% in the 2nd quarter. Balyasny Asset Management L.P. now owns 311,383 shares of the asset manager’s stock worth $61,271,000 after purchasing an additional 303,423 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in Affiliated Managers Group in the third quarter valued at about $70,356,000. UBS Group AG raised its position in Affiliated Managers Group by 97.4% in the third quarter. UBS Group AG now owns 350,212 shares of the asset manager’s stock valued at $83,501,000 after purchasing an additional 172,771 shares during the last quarter. Finally, Holocene Advisors LP grew its holdings in shares of Affiliated Managers Group by 151.5% during the third quarter. Holocene Advisors LP now owns 253,935 shares of the asset manager’s stock worth $60,546,000 after purchasing an additional 152,982 shares during the last quarter. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Trading Down 2.9%

AMG opened at $265.67 on Friday. Affiliated Managers Group, Inc. has a twelve month low of $139.22 and a twelve month high of $334.78. The company has a fifty day moving average of $297.11 and a 200-day moving average of $276.55. The stock has a market cap of $7.09 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 0.45 and a beta of 1.20. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.64.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Thursday, February 12th. The asset manager reported $9.48 EPS for the quarter, beating analysts’ consensus estimates of $8.75 by $0.73. Affiliated Managers Group had a net margin of 34.55% and a return on equity of 18.45%. The business had revenue of $556.60 million for the quarter, compared to analysts’ expectations of $578.54 million. During the same quarter in the prior year, the firm posted $6.53 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, sell-side analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, February 23rd were given a dividend of $0.01 per share. The ex-dividend date was Monday, February 23rd. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. Affiliated Managers Group’s dividend payout ratio is presently 0.17%.

Insider Activity at Affiliated Managers Group

In other Affiliated Managers Group news, COO Thomas M. Wojcik sold 8,000 shares of the business’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 value of $2,290,400.00. Following the transaction, the chief operating officer directly owned 159,465 shares of the company’s stock, valued at approximately $45,654,829.50. The trade was a 4.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Kavita Padiyar sold 2,200 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $278.24, for a total value of $612,128.00. Following the transaction, the general counsel owned 42,672 shares in the company, valued at $11,873,057.28. The trade was a 4.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AMG. Weiss Ratings reissued a “buy (b-)” rating on shares of Affiliated Managers Group in a research note on Wednesday, January 21st. Zacks Research downgraded Affiliated Managers Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Deutsche Bank Aktiengesellschaft set a $408.00 price target on Affiliated Managers Group and gave the company a “buy” rating in a research report on Friday, February 13th. The Goldman Sachs Group increased their price target on Affiliated Managers Group from $300.00 to $341.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Affiliated Managers Group in a research note on Wednesday, January 14th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $350.14.

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.