Andra AP fonden reduced its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 18.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 17,800 shares of the asset manager’s stock after selling 3,900 shares during the quarter. Andra AP fonden’s holdings in Affiliated Managers Group were worth $3,379,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tributary Capital Management LLC acquired a new position in Affiliated Managers Group in the 3rd quarter valued at $100,000. Creative Planning grew its stake in shares of Affiliated Managers Group by 15.0% during the 2nd quarter. Creative Planning now owns 705 shares of the asset manager’s stock worth $117,000 after purchasing an additional 92 shares during the period. Advisor Group Inc. grew its stake in shares of Affiliated Managers Group by 46.2% during the 2nd quarter. Advisor Group Inc. now owns 722 shares of the asset manager’s stock worth $120,000 after purchasing an additional 228 shares during the period. Bronfman E.L. Rothschild L.P. grew its stake in shares of Affiliated Managers Group by 2.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 755 shares of the asset manager’s stock worth $125,000 after purchasing an additional 16 shares during the period. Finally, Financial Architects Inc grew its stake in shares of Affiliated Managers Group by 2.1% during the 2nd quarter. Financial Architects Inc now owns 833 shares of the asset manager’s stock worth $138,000 after purchasing an additional 17 shares during the period. 96.41% of the stock is currently owned by institutional investors.

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In other Affiliated Managers Group news, Director Dwight D. Churchill sold 2,080 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $184.28, for a total value of $383,302.40. Following the transaction, the director now directly owns 6,104 shares in the company, valued at approximately $1,124,845.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) opened at $185.11 on Friday. Affiliated Managers Group, Inc. has a 1 year low of $139.15 and a 1 year high of $198.40. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.24. The company has a market cap of $10,335.46, a PE ratio of 13.52, a P/E/G ratio of 0.88 and a beta of 1.70.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Monday, October 30th. The asset manager reported $3.41 EPS for the quarter, topping the consensus estimate of $3.36 by $0.05. The business had revenue of $585.70 million for the quarter, compared to analyst estimates of $586.55 million. Affiliated Managers Group had a net margin of 23.29% and a return on equity of 17.63%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.02 EPS. analysts anticipate that Affiliated Managers Group, Inc. will post 14.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. Affiliated Managers Group’s dividend payout ratio (DPR) is 8.66%.

A number of equities analysts have recently weighed in on AMG shares. BidaskClub cut shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $200.00 price target on shares of Affiliated Managers Group in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $215.00 price target on shares of Affiliated Managers Group in a research note on Thursday, August 3rd. Credit Suisse Group upped their price target on shares of Affiliated Managers Group from $205.00 to $223.00 and gave the stock an “outperform” rating in a research note on Friday, August 11th. Finally, Zacks Investment Research raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $213.00 price target on the stock in a research note on Monday, October 2nd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Affiliated Managers Group has a consensus rating of “Buy” and a consensus target price of $207.25.

About Affiliated Managers Group

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

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