Great West Life Assurance Co. Can decreased its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,531 shares of the asset manager’s stock after selling 3,514 shares during the quarter. Great West Life Assurance Co. Can owned about 0.21% of Affiliated Managers Group worth $22,444,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Douglas Lane & Associates LLC acquired a new stake in shares of Affiliated Managers Group during the third quarter worth $200,000. Schroder Investment Management Group raised its position in shares of Affiliated Managers Group by 8.3% during the second quarter. Schroder Investment Management Group now owns 383,937 shares of the asset manager’s stock worth $63,353,000 after purchasing an additional 29,297 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of Affiliated Managers Group during the second quarter worth $712,000. Sentry Investment Management LLC raised its position in shares of Affiliated Managers Group by 139.5% during the second quarter. Sentry Investment Management LLC now owns 4,323 shares of the asset manager’s stock worth $717,000 after purchasing an additional 2,518 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Affiliated Managers Group by 2.9% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 157,344 shares of the asset manager’s stock worth $26,097,000 after purchasing an additional 4,428 shares during the period. Institutional investors and hedge funds own 95.77% of the company’s stock.

Affiliated Managers Group, Inc. (NYSE:AMG) traded up $0.04 during trading hours on Friday, reaching $198.67. The company had a trading volume of 328,500 shares, compared to its average volume of 411,685. The firm has a market capitalization of $10,929.07, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 0.93 and a beta of 1.70. Affiliated Managers Group, Inc. has a 52-week low of $139.52 and a 52-week high of $202.09. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.24.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Thursday, November 9th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.40%. The ex-dividend date was Wednesday, November 8th. Affiliated Managers Group’s payout ratio is 8.66%.

In other Affiliated Managers Group news, Director Patrick T. Ryan sold 7,705 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $185.27, for a total value of $1,427,505.35. Following the transaction, the director now directly owns 6,797 shares of the company’s stock, valued at approximately $1,259,280.19. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Sean M. Healey sold 69,800 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $185.48, for a total value of $12,946,504.00. Following the completion of the transaction, the chief executive officer now directly owns 194,943 shares in the company, valued at $36,158,027.64. The disclosure for this sale can be found here. Insiders have sold 79,585 shares of company stock worth $14,757,312 over the last three months. 1.40% of the stock is owned by insiders.

AMG has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $229.00 target price on shares of Affiliated Managers Group in a research report on Thursday, October 12th. Credit Suisse Group boosted their target price on Affiliated Managers Group from $205.00 to $223.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Jefferies Group reaffirmed a “buy” rating and set a $200.00 target price on shares of Affiliated Managers Group in a research report on Friday, August 18th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $215.00 target price on shares of Affiliated Managers Group in a research report on Wednesday, October 4th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $207.25.

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Affiliated Managers Group Company Profile

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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