Affiliated Managers Group, Inc. $AMG Shares Acquired by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 9.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 31,850 shares of the asset manager’s stock after buying an additional 2,800 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Affiliated Managers Group were worth $9,182,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ boosted its holdings in Affiliated Managers Group by 103.0% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 20,100 shares of the asset manager’s stock worth $4,792,000 after acquiring an additional 10,200 shares in the last quarter. Altfest L J & Co. Inc. acquired a new stake in Affiliated Managers Group in the fourth quarter worth about $1,179,000. Paragon Associates & Paragon Associates II Joint Venture acquired a new stake in Affiliated Managers Group in the third quarter worth about $5,357,000. Oak Thistle LLC boosted its holdings in Affiliated Managers Group by 194.1% in the fourth quarter. Oak Thistle LLC now owns 8,700 shares of the asset manager’s stock worth $2,508,000 after acquiring an additional 5,742 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in Affiliated Managers Group by 0.7% in the third quarter. LSV Asset Management now owns 479,624 shares of the asset manager’s stock worth $114,357,000 after acquiring an additional 3,400 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Trading Up 7.3%

Affiliated Managers Group stock opened at $334.50 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.73. Affiliated Managers Group, Inc. has a 52 week low of $179.04 and a 52 week high of $336.76. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 0.53 and a beta of 1.13. The stock has a 50-day moving average price of $294.06 and a 200 day moving average price of $293.49.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Friday, May 1st. The asset manager reported $8.23 EPS for the quarter, topping 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 firm had revenue of $544.90 million during the quarter, compared to the consensus estimate of $544.01 million. During the same quarter in the previous year, the company posted $5.37 earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year. Sell-side analysts anticipate that Affiliated Managers Group, Inc. will post 34.71 EPS for the current year.

Affiliated Managers Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Monday, May 11th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date was Monday, May 11th. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 0.16%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. TD Cowen reissued a “buy” rating and issued a $454.00 price target on shares of Affiliated Managers Group in a report on Wednesday, May 13th. Barrington Research reaffirmed an “outperform” rating and set a $365.00 target price on shares of Affiliated Managers Group in a report on Monday, April 27th. Wall Street Zen downgraded Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $405.00 target price on shares of Affiliated Managers Group in a report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $400.00 target price on shares of Affiliated Managers Group in a report on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $362.29.

Insider Activity at Affiliated Managers Group

In related news, Director Annette Franqui purchased 750 shares of Affiliated Managers Group stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average cost of $304.88 per share, for a total transaction of $228,660.00. Following the completion of the transaction, the director owned 1,962 shares in the company, valued at $598,174.56. The trade was a 61.88% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director G. Staley Cates purchased 1,500 shares of Affiliated Managers Group stock in a transaction that occurred on Wednesday, May 6th. The shares were bought at an average price of $305.83 per share, with a total value of $458,745.00. Following the completion of the transaction, the director owned 6,405 shares of the company’s stock, valued at $1,958,841.15. This represents a 30.58% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold 6,602 shares of company stock valued at $1,950,122 in the last 90 days. 2.90% of the stock is currently owned by corporate insiders.

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.