Public Employees Retirement System of Ohio Takes Position in Affiliated Managers Group, Inc. $AMG

Public Employees Retirement System of Ohio bought a new stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,489 shares of the asset manager’s stock, valued at approximately $8,964,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. bought a new stake in Affiliated Managers Group in the second quarter valued at approximately $938,294,000. Boston Partners boosted its stake in shares of Affiliated Managers Group by 2.1% during the third quarter. Boston Partners now owns 1,157,344 shares of the asset manager’s stock valued at $275,957,000 after purchasing an additional 24,217 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Affiliated Managers Group by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 718,313 shares of the asset manager’s stock worth $198,746,000 after purchasing an additional 18,865 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Affiliated Managers Group by 20.2% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 685,588 shares of the asset manager’s stock worth $197,641,000 after purchasing an additional 115,313 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Affiliated Managers Group by 8.1% in the fourth quarter. Geode Capital Management LLC now owns 551,153 shares of the asset manager’s stock worth $158,916,000 after buying an additional 41,322 shares during the period. 95.30% of the stock is currently owned by institutional investors.

Affiliated Managers Group Stock Performance

Shares of AMG stock opened at $368.63 on Tuesday. The company’s fifty day moving average price is $360.80 and its 200-day moving average price is $322.83. The stock has a market cap of $9.53 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 0.50 and a beta of 1.11. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.76. Affiliated Managers Group, Inc. has a 12 month low of $223.44 and a 12 month high of $392.92.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Thursday, July 30th. The asset manager reported $8.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.90 by $0.39. Affiliated Managers Group had a net margin of 37.72% and a return on equity of 21.94%. The company had revenue of $640.70 million during the quarter, compared to analyst estimates of $590.94 million. During the same period last year, the business earned $5.39 EPS. Affiliated Managers Group’s quarterly revenue was up .0% compared to the same quarter last year. On average, equities analysts expect that Affiliated Managers Group, Inc. will post 36.69 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 10th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Monday, August 10th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.14%.

Insider Activity at Affiliated Managers Group

In other news, CEO Jay C. Horgen sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $338.27, for a total value of $5,919,725.00. Following the sale, the chief executive officer directly owned 204,706 shares of the company’s stock, valued at $69,245,898.62. The trade was a 7.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Barrington Research set a $425.00 price target on shares of Affiliated Managers Group in a report on Friday, July 31st. The Goldman Sachs Group restated a “buy” rating and issued a $405.00 price objective on shares of Affiliated Managers Group in a research report on Monday, May 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Affiliated Managers Group in a research note on Friday, June 26th. Wall Street Zen lowered shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $400.00 target price on shares of Affiliated Managers Group in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to data from MarketBeat.com, Affiliated Managers Group has a consensus rating of “Buy” and an average price target of $370.86.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc (NYSE: AMG) is a global asset management holding company that partners with boutique investment firms. Founded in 1993 and headquartered in West Palm Beach, Florida, AMG invests in and collaborates with independent investment managers to foster growth while preserving their entrepreneurial culture. Through equity stakes and strategic support, the company aims to enhance its affiliates’ distribution capabilities, operational infrastructure and access to capital.

The company’s core business activities include providing capital solutions, distribution services and operational support to affiliated investment firms.