Los Angeles Capital Management & Equity Research Inc. Acquires 10,273 Shares of Affiliated Managers Group, Inc. (AMG)

Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 267.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,121 shares of the asset manager’s stock after purchasing an additional 10,273 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Affiliated Managers Group were worth $2,681,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AMG. Capstone Asset Management Co. lifted its position in Affiliated Managers Group by 10.2% in the second quarter. Capstone Asset Management Co. now owns 3,796 shares of the asset manager’s stock worth $630,000 after buying an additional 351 shares during the last quarter. Creative Planning lifted its position in Affiliated Managers Group by 15.0% in the second quarter. Creative Planning now owns 705 shares of the asset manager’s stock worth $117,000 after buying an additional 92 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Affiliated Managers Group by 90.6% in the second quarter. State of Alaska Department of Revenue now owns 1,220 shares of the asset manager’s stock worth $202,000 after buying an additional 580 shares during the last quarter. LS Investment Advisors LLC lifted its position in Affiliated Managers Group by 6.4% in the second quarter. LS Investment Advisors LLC now owns 2,528 shares of the asset manager’s stock worth $419,000 after buying an additional 151 shares during the last quarter. Finally, Aperio Group LLC lifted its position in Affiliated Managers Group by 1.1% in the second quarter. Aperio Group LLC now owns 32,860 shares of the asset manager’s stock worth $5,450,000 after buying an additional 363 shares during the last quarter. 97.43% of the stock is owned by hedge funds and other institutional investors.

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In other news, Director Dwight D. Churchill sold 2,080 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $184.28, for a total transaction of $383,302.40. Following the transaction, the director now owns 6,104 shares in the company, valued at $1,124,845.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Patrick T. Ryan sold 7,705 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $185.27, for a total value of $1,427,505.35. Following the transaction, the director now owns 6,797 shares in the company, valued at approximately $1,259,280.19. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,585 shares of company stock worth $14,757,312. Insiders own 1.40% of the company’s stock.

AMG has been the subject of a number of analyst reports. Zacks Investment Research downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Barrington Research restated an “outperform” rating and issued a $215.00 price target on shares of Affiliated Managers Group in a research report on Wednesday, October 4th. They noted that the move was a valuation call. Jefferies Group LLC restated a “buy” rating and issued a $226.00 price target on shares of Affiliated Managers Group in a research report on Thursday, October 12th. Credit Suisse Group raised their price target on Affiliated Managers Group from $205.00 to $223.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $215.00 price target on shares of Affiliated Managers Group in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $207.25.

Affiliated Managers Group, Inc. (AMG) opened at $189.99 on Thursday. The company has a market capitalization of $10,578.91, a price-to-earnings ratio of 13.84, a PEG ratio of 0.90 and a beta of 1.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.61. Affiliated Managers Group, Inc. has a 52 week low of $139.52 and a 52 week high of $198.40.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Monday, October 30th. The asset manager reported $3.41 EPS for the quarter, beating the consensus estimate of $3.36 by $0.05. The firm had revenue of $585.70 million for the quarter, compared to analyst estimates of $586.55 million. Affiliated Managers Group had a return on equity of 17.63% and a net margin of 23.29%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.02 earnings per share. analysts forecast that Affiliated Managers Group, Inc. will post 14.44 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Thursday, November 9th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, November 8th. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. Affiliated Managers Group’s dividend payout ratio is currently 8.66%.

Affiliated Managers Group Profile

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

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