Northwestern Mutual Wealth Management Co. Has $58.24 Million Position in Affiliated Managers Group, Inc. $AMG

Northwestern Mutual Wealth Management Co. raised its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 28,466.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 193,392 shares of the asset manager’s stock after acquiring an additional 192,715 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Affiliated Managers Group were worth $58,240,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Balyasny Asset Management L.P. lifted its stake in shares of Affiliated Managers Group by 3,811.8% in the second quarter. Balyasny Asset Management L.P. now owns 311,383 shares of the asset manager’s stock worth $61,271,000 after acquiring an additional 303,423 shares during the period. Alyeska Investment Group L.P. bought a new stake in Affiliated Managers Group in the third quarter valued at approximately $70,356,000. UBS Group AG increased its position in Affiliated Managers Group by 97.4% during the 3rd quarter. UBS Group AG now owns 350,212 shares of the asset manager’s stock valued at $83,501,000 after purchasing an additional 172,771 shares during the period. Holocene Advisors LP raised its holdings in Affiliated Managers Group by 151.5% during the 3rd quarter. Holocene Advisors LP now owns 253,935 shares of the asset manager’s stock worth $60,546,000 after purchasing an additional 152,982 shares during the last quarter. Finally, Caisse de depot et placement du Quebec raised its holdings in Affiliated Managers Group by 4,201.2% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 100,948 shares of the asset manager’s stock worth $24,069,000 after purchasing an additional 98,601 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

AMG has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 4th. Barrington Research restated an “outperform” rating and issued a $365.00 target price on shares of Affiliated Managers Group in a report on Monday, April 27th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Affiliated Managers Group in a report on Wednesday, January 21st. TD Cowen reissued a “buy” rating and issued a $454.00 price objective on shares of Affiliated Managers Group in a research report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $400.00 price objective on shares of Affiliated Managers Group in a research note on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Affiliated Managers Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $362.29.

Affiliated Managers Group Stock Performance

NYSE:AMG opened at $293.75 on Monday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.73. Affiliated Managers Group, Inc. has a twelve month low of $172.54 and a twelve month high of $334.78. The company has a fifty day moving average of $286.55 and a 200-day moving average of $288.21. The firm has a market capitalization of $7.76 billion, a P/E ratio of 11.88, a P/E/G ratio of 0.51 and a beta of 1.14.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Friday, May 1st. The asset manager reported $8.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.10 by $0.13. The business had revenue of $544.90 million for the quarter, compared to analyst estimates of $544.01 million. Affiliated Managers Group had a net margin of 35.55% and a return on equity of 20.17%. Affiliated Managers Group’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $5.37 earnings per share. As a group, sell-side analysts anticipate that Affiliated Managers Group, Inc. will post 34.27 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th will be paid a $0.01 dividend. The ex-dividend date is Monday, May 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 0.16%.

Insiders Place Their Bets

In other Affiliated Managers Group news, General Counsel Kavita Padiyar sold 2,200 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $278.24, for a total value of $612,128.00. Following the completion of the sale, the general counsel 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. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Rodriguez Felix V. Matos sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $300.18, for a total value of $300,180.00. Following the sale, the director owned 4,369 shares of the company’s stock, valued at approximately $1,311,486.42. This represents a 18.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 14,602 shares of company stock worth $4,240,522 over the last three months. Insiders own 2.90% of the company’s stock.

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.