Yousif Capital Management LLC Has $2.04 Million Stock Holdings in Affiliated Managers Group, Inc. $AMG

Yousif Capital Management LLC lessened its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 4.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 10,342 shares of the asset manager’s stock after selling 490 shares during the quarter. Yousif Capital Management LLC’s holdings in Affiliated Managers Group were worth $2,035,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Redwood Investment Management LLC lifted its position in shares of Affiliated Managers Group by 0.9% during the 1st quarter. Redwood Investment Management LLC now owns 7,775 shares of the asset manager’s stock worth $1,306,000 after purchasing an additional 69 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Affiliated Managers Group by 11.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 737 shares of the asset manager’s stock valued at $124,000 after purchasing an additional 78 shares during the period. Private Trust Co. NA grew its stake in shares of Affiliated Managers Group by 38.1% in the 1st quarter. Private Trust Co. NA now owns 301 shares of the asset manager’s stock valued at $51,000 after purchasing an additional 83 shares during the period. M&T Bank Corp grew its stake in shares of Affiliated Managers Group by 4.8% in the 1st quarter. M&T Bank Corp now owns 1,956 shares of the asset manager’s stock valued at $329,000 after purchasing an additional 90 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of Affiliated Managers Group by 32.6% in the 2nd quarter. UMB Bank n.a. now owns 395 shares of the asset manager’s stock valued at $78,000 after purchasing an additional 97 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Insider Transactions at Affiliated Managers Group

In other Affiliated Managers Group news, COO Thomas M. Wojcik sold 16,000 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $231.03, for a total transaction of $3,696,480.00. Following the transaction, the chief operating officer owned 158,710 shares of the company’s stock, valued at approximately $36,666,771.30. This represents a 9.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Affiliated Managers Group Stock Performance

NYSE:AMG opened at $235.89 on Friday. The stock’s fifty day moving average price is $232.11 and its two-hundred day moving average price is $200.38. Affiliated Managers Group, Inc. has a 52-week low of $139.22 and a 52-week high of $250.15. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 0.60 and a beta of 1.21.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Thursday, July 31st. The asset manager reported $5.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.26 by $0.13. Affiliated Managers Group had a return on equity of 16.11% and a net margin of 21.79%.The firm had revenue of $493.20 million for the quarter, compared to the consensus estimate of $506.46 million. During the same quarter in the prior year, the business earned $4.67 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 11th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. Affiliated Managers Group’s dividend payout ratio is currently 0.29%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AMG shares. Zacks Research lowered Affiliated Managers Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Bank of America upped their price objective on Affiliated Managers Group to $335.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Affiliated Managers Group in a research report on Wednesday, October 8th. The Goldman Sachs Group increased their price target on Affiliated Managers Group from $240.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, Cowen upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Monday, August 4th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $272.60.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc, through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.