Oliver Luxxe Assets LLC Has $5.31 Million Position in Affiliated Managers Group, Inc. $AMG

Oliver Luxxe Assets LLC boosted its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 64.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 18,407 shares of the asset manager’s stock after purchasing an additional 7,197 shares during the period. Oliver Luxxe Assets LLC’s holdings in Affiliated Managers Group were worth $5,306,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its stake in shares of Affiliated Managers Group by 1.3% in the first quarter. Goldman Sachs Group Inc. now owns 113,353 shares of the asset manager’s stock worth $19,047,000 after acquiring an additional 1,428 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Affiliated Managers Group by 4.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 141,733 shares of the asset manager’s stock worth $23,815,000 after buying an additional 6,262 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Affiliated Managers Group during the 1st quarter worth about $1,947,000. Allworth Financial LP increased its stake in shares of Affiliated Managers Group by 347.8% in the 2nd quarter. Allworth Financial LP now owns 403 shares of the asset manager’s stock valued at $79,000 after acquiring an additional 313 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Affiliated Managers Group by 4.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,304 shares of the asset manager’s stock valued at $1,437,000 after purchasing an additional 310 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Affiliated Managers Group

In other Affiliated Managers Group news, COO Thomas M. Wojcik sold 8,000 shares of Affiliated Managers Group stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $286.30, for a total value of $2,290,400.00. Following the completion of the sale, the chief operating officer directly owned 159,465 shares in the company, valued at approximately $45,654,829.50. The trade was a 4.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Kavita Padiyar sold 2,200 shares of Affiliated Managers Group stock in a transaction on Monday, March 9th. The shares were sold at an average price of $278.24, for a total transaction of $612,128.00. Following the completion of the sale, the general counsel directly owned 42,672 shares of the company’s stock, valued at approximately $11,873,057.28. This trade represents a 4.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. The Goldman Sachs Group increased their target price on Affiliated Managers Group from $300.00 to $341.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Affiliated Managers Group in a report on Wednesday, January 21st. Zacks Research lowered shares of Affiliated Managers Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Deutsche Bank Aktiengesellschaft set a $408.00 price objective on Affiliated Managers Group and gave the company a “buy” rating in a research report on Friday, February 13th. Finally, TD Cowen restated a “buy” rating on shares of Affiliated Managers Group in a research note on Wednesday, January 14th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Affiliated Managers Group presently has an average rating of “Moderate Buy” and an average price target of $350.14.

Affiliated Managers Group Stock Down 0.1%

Shares of NYSE AMG opened at $278.47 on Friday. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 0.47 and a beta of 1.18. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average price of $305.58 and a two-hundred day moving average price of $274.27. Affiliated Managers Group, Inc. has a 12 month low of $139.22 and a 12 month high of $334.78.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Thursday, February 12th. The asset manager reported $9.48 EPS for the quarter, beating analysts’ consensus estimates of $8.75 by $0.73. Affiliated Managers Group had a return on equity of 18.45% and a net margin of 34.55%.The company had revenue of $556.60 million during the quarter, compared to analysts’ expectations of $578.54 million. During the same period in the prior year, the company earned $6.53 EPS. Affiliated Managers Group’s revenue was up 6.2% compared to the same quarter last year. As a group, analysts forecast that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, February 23rd were given a dividend of $0.01 per share. The ex-dividend date was Monday, February 23rd. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. Affiliated Managers Group’s dividend payout ratio is 0.17%.

Affiliated Managers Group 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.