Royce & Associates LP grew its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 17.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,778 shares of the asset manager’s stock after purchasing an additional 4,698 shares during the quarter. Royce & Associates LP owned approximately 0.06% of Affiliated Managers Group worth $6,032,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AMG. Tributary Capital Management LLC bought a new position in shares of Affiliated Managers Group in the third quarter valued at approximately $100,000. Advisor Group Inc. increased its position in Affiliated Managers Group by 46.2% during the second quarter. Advisor Group Inc. now owns 722 shares of the asset manager’s stock worth $120,000 after acquiring an additional 228 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in Affiliated Managers Group by 2.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 755 shares of the asset manager’s stock worth $125,000 after acquiring an additional 16 shares during the period. Global X Management Co. LLC increased its position in Affiliated Managers Group by 78.5% during the second quarter. Global X Management Co. LLC now owns 980 shares of the asset manager’s stock worth $163,000 after acquiring an additional 431 shares during the period. Finally, Pacer Advisors Inc. increased its position in Affiliated Managers Group by 7.9% during the second quarter. Pacer Advisors Inc. now owns 1,183 shares of the asset manager’s stock worth $196,000 after acquiring an additional 87 shares during the period. 95.93% of the stock is currently owned by institutional investors.

In other Affiliated Managers Group news, CEO Sean M. Healey sold 69,800 shares of Affiliated Managers Group stock in a transaction 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 sale, the chief executive officer now owns 194,943 shares in the company, valued at $36,158,027.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter W. Macewen sold 10,000 shares of Affiliated Managers Group stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $197.67, for a total transaction of $1,976,700.00. Following the sale, the insider now owns 37,682 shares in the company, valued at approximately $7,448,600.94. The disclosure for this sale can be found here. Insiders have sold 89,585 shares of company stock worth $16,734,012 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

Affiliated Managers Group, Inc. (NYSE:AMG) opened at $198.64 on Friday. Affiliated Managers Group, Inc. has a 52-week low of $139.52 and a 52-week high of $202.09. The stock has a market cap of $11,040.81, a price-to-earnings ratio of 14.45, a P/E/G ratio of 0.94 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 posted its quarterly earnings results on Monday, October 30th. The asset manager reported $3.41 earnings per share 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 firm had revenue of $585.70 million for the quarter, compared to the consensus estimate of $586.55 million. During the same quarter in the previous year, the company earned $3.02 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. analysts expect that Affiliated Managers Group, Inc. will post 14.45 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th were paid 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 yield of 0.40%. Affiliated Managers Group’s dividend payout ratio is currently 8.66%.

AMG has been the topic of a number of research reports. Zacks Investment Research raised 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. 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. 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. Finally, Jefferies Group reaffirmed a “buy” rating and set a $226.00 target price on shares of Affiliated Managers Group in a research report on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target 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.

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

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