Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Stake in Affiliated Managers Group, Inc. (AMG)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 8.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,551 shares of the asset manager’s stock after acquiring an additional 346 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Affiliated Managers Group were worth $864,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Tributary Capital Management LLC purchased a new stake in shares of Affiliated Managers Group during the 3rd quarter valued at approximately $100,000. Creative Planning lifted its stake in shares of Affiliated Managers Group by 15.0% during the 2nd quarter. Creative Planning now owns 705 shares of the asset manager’s stock valued at $117,000 after buying an additional 92 shares in the last quarter. Advisor Group Inc. lifted its stake in shares of Affiliated Managers Group by 46.2% during the 2nd quarter. Advisor Group Inc. now owns 722 shares of the asset manager’s stock valued at $120,000 after buying an additional 228 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Affiliated Managers Group by 2.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 755 shares of the asset manager’s stock valued at $125,000 after buying an additional 16 shares in the last quarter. Finally, Global X Management Co. LLC lifted its stake in shares of Affiliated Managers Group by 78.5% during the 2nd quarter. Global X Management Co. LLC now owns 980 shares of the asset manager’s stock valued at $163,000 after buying an additional 431 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Affiliated Managers Group, Inc. (NYSE AMG) traded up $0.98 during trading on Thursday, hitting $197.99. 194,700 shares of the stock traded hands, compared to its average volume of 409,700. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market cap of $10,950.19, a PE ratio of 14.33, a P/E/G ratio of 0.93 and a beta of 1.71. Affiliated Managers Group, Inc. has a 12-month low of $139.52 and a 12-month high of $202.09.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Monday, October 30th. The asset manager reported $3.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.36 by $0.05. The firm had revenue of $585.70 million for the quarter, compared to analysts’ expectations of $586.55 million. Affiliated Managers Group had a net margin of 23.29% and a return on equity of 17.63%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company posted $3.02 EPS. equities research analysts forecast that Affiliated Managers Group, Inc. will post 14.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Thursday, November 9th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Wednesday, November 8th. Affiliated Managers Group’s dividend payout ratio is currently 8.66%.

In related news, CEO Sean M. Healey sold 69,800 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $185.48, for a total transaction of $12,946,504.00. Following the transaction, the chief executive officer now owns 194,943 shares of the company’s stock, valued at approximately $36,158,027.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dwight D. Churchill sold 2,080 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $184.28, for a total transaction of $383,302.40. Following the transaction, the director now directly owns 6,104 shares in the company, valued at approximately $1,124,845.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,585 shares of company stock worth $14,757,312. 1.40% of the stock is owned by insiders.

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $229.00 target price on shares of Affiliated Managers Group in a research note on Thursday, October 12th. Jefferies Group reiterated a “buy” rating and issued a $200.00 target price on shares of Affiliated Managers Group in a research note on Friday, August 18th. Credit Suisse Group raised their price objective on shares of Affiliated Managers Group from $205.00 to $223.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. Barrington Research restated an “outperform” rating and set a $215.00 price objective on shares of Affiliated Managers Group in a research report on Wednesday, October 4th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $213.00 price objective on the stock in a research report on Monday, October 2nd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $207.25.

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About Affiliated Managers Group

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.

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

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