10,930 Shares in Affiliated Managers Group, Inc. $AMG Bought by Jupiter Topco LLC

Jupiter Topco LLC acquired a new stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,930 shares of the asset manager’s stock, valued at approximately $3,699,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its stake in 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Affiliated Managers Group by 4.6% in 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 worth $23,815,000 after buying an additional 6,262 shares in the last quarter. Jane Street Group LLC purchased a new position in Affiliated Managers Group in the 1st quarter worth approximately $1,947,000. American Century Companies Inc. increased its holdings in shares of Affiliated Managers Group by 1.2% in the 2nd quarter. American Century Companies Inc. now owns 8,552 shares of the asset manager’s stock worth $1,683,000 after buying an additional 104 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Affiliated Managers Group by 89.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 281 shares of the asset manager’s stock worth $55,000 after buying an additional 133 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Jay C. Horgen sold 17,500 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $338.27, for a total transaction of $5,919,725.00. Following the sale, the chief executive officer owned 204,706 shares in the company, valued at approximately $69,245,898.62. The trade was a 7.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.90% of the company’s stock.

Affiliated Managers Group Trading Down 2.1%

NYSE:AMG opened at $360.52 on Wednesday. The company has a 50-day moving average price of $361.00 and a 200-day moving average price of $323.19. Affiliated Managers Group, Inc. has a 12 month low of $224.59 and a 12 month high of $392.92. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.76. The stock has a market cap of $9.32 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 0.50 and a beta of 1.10.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Thursday, July 30th. The asset manager reported $8.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.90 by $0.39. The firm had revenue of $640.70 million during the quarter, compared to analyst estimates of $590.94 million. Affiliated Managers Group had a return on equity of 21.94% and a net margin of 37.72%.The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.39 EPS. Equities analysts predict that Affiliated Managers Group, Inc. will post 36.69 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 10th were issued a $0.01 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. Affiliated Managers Group’s dividend payout ratio is 0.14%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AMG shares. Barrington Research set a $425.00 target price on Affiliated Managers Group in a research report on Friday, July 31st. TD Cowen reissued a “buy” rating and set a $454.00 price target on shares of Affiliated Managers Group in a research note on Wednesday, May 13th. Weiss Ratings restated a “buy (b)” rating on shares of Affiliated Managers Group in a report on Friday, June 26th. Wall Street Zen cut shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, Zacks Research raised shares of Affiliated Managers Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $370.86.

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.