Legal & General Group Plc increased its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 4.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 285,536 shares of the asset manager’s stock after acquiring an additional 11,519 shares during the period. Legal & General Group Plc owned about 0.51% of Affiliated Managers Group worth $54,203,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Tributary Capital Management LLC acquired a new position in Affiliated Managers Group in the third quarter valued at about $100,000. Creative Planning boosted its position in Affiliated Managers Group by 15.0% in the second quarter. Creative Planning now owns 705 shares of the asset manager’s stock valued at $117,000 after buying an additional 92 shares in the last quarter. Advisor Group Inc. boosted its position in Affiliated Managers Group by 46.2% in the second quarter. Advisor Group Inc. now owns 722 shares of the asset manager’s stock valued at $120,000 after buying an additional 228 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in Affiliated Managers Group by 2.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 755 shares of the asset manager’s stock valued at $125,000 after buying an additional 16 shares in the last quarter. Finally, Global X Management Co. LLC boosted its position in Affiliated Managers Group by 78.5% in the second quarter. Global X Management Co. LLC now owns 980 shares of the asset manager’s stock valued at $163,000 after buying an additional 431 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Affiliated Managers Group, Inc. (AMG) opened at $197.01 on Wednesday. Affiliated Managers Group, Inc. has a 12-month low of $139.52 and a 12-month high of $202.09. The stock has a market cap of $10,969.65, a P/E ratio of 14.35, a PEG ratio of 0.93 and a beta of 1.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.61.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Monday, October 30th. The asset manager reported $3.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.36 by $0.05. Affiliated Managers Group had a net margin of 23.29% and a return on equity of 17.63%. The company had revenue of $585.70 million for the quarter, compared to analyst estimates of $586.55 million. During the same period in the prior year, the business earned $3.02 earnings per share. Affiliated Managers Group’s quarterly revenue was up 7.5% on a year-over-year basis. research analysts anticipate that Affiliated Managers Group, Inc. will post 14.45 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Thursday, November 9th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, November 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.41%. Affiliated Managers Group’s payout ratio is 8.66%.

AMG has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $229.00 price target on shares of Affiliated Managers Group in a research report on Thursday, October 12th. Zacks Investment Research upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $213.00 target price on the stock in a research report on Monday, October 2nd. Jefferies Group reiterated a “buy” rating and set a $226.00 target price on shares of Affiliated Managers Group in a research report on Thursday, October 12th. Credit Suisse Group upped their target price on shares of Affiliated Managers Group from $205.00 to $223.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Finally, Barrington Research reiterated 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Affiliated Managers Group currently has a consensus rating of “Buy” and an average target price of $207.25.

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

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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.

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

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