3,397 Shares in Affiliated Managers Group, Inc. $AMG Acquired by Redwood Investment Management LLC

Redwood Investment Management LLC bought a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,397 shares of the asset manager’s stock, valued at approximately $1,150,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. bought a new stake in Affiliated Managers Group during the second quarter valued at about $938,294,000. Boston Partners lifted its position 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 buying an additional 24,217 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Affiliated Managers Group by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 718,313 shares of the asset manager’s stock valued at $198,746,000 after buying an additional 18,865 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Affiliated Managers Group by 20.2% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 685,588 shares of the asset manager’s stock valued at $197,641,000 after buying an additional 115,313 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Affiliated Managers Group by 8.1% in the 4th 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 last quarter. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Trading Down 0.1%

NYSE AMG opened at $370.21 on Friday. The company has a fifty day simple moving average of $360.22 and a two-hundred day simple moving average of $321.90. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.76. The stock has a market cap of $9.57 billion, a P/E ratio of 12.82, a P/E/G ratio of 0.50 and a beta of 1.11. 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 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. The firm had revenue of $640.70 million during the quarter, compared to analysts’ expectations of $590.94 million. Affiliated Managers Group had a net margin of 37.72% and a return on equity of 21.94%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the company posted $5.39 earnings per share. On average, analysts forecast that Affiliated Managers Group, Inc. will post 36.69 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently commented on AMG. Wall Street Zen upgraded shares of Affiliated Managers Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $405.00 price target on shares of Affiliated Managers Group in a research report on Monday, May 4th. Barrington Research set a $425.00 price objective on Affiliated Managers Group in a report on Friday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Affiliated Managers Group in a research report on Friday, June 26th. Finally, Zacks Research raised Affiliated Managers Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. Based on data from MarketBeat.com, Affiliated Managers Group currently has a consensus rating of “Buy” and a consensus target price of $370.86.

Insider Transactions at Affiliated Managers Group

In related news, Director Annette Franqui purchased 750 shares of Affiliated Managers Group stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average cost of $304.88 per share, for a total transaction of $228,660.00. Following the completion of the transaction, the director owned 1,962 shares in the company, valued at $598,174.56. The trade was a 61.88% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jay C. Horgen sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $338.27, for a total value of $5,919,725.00. Following the completion of the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.90% of the company’s stock.

About Affiliated Managers Group

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.