Affiliated Managers Group, Inc. (AMG) Shares Sold by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC decreased its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,941 shares of the asset manager’s stock after selling 334 shares during the period. Oliver Luxxe Assets LLC’s holdings in Affiliated Managers Group were worth $1,425,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Stephens Inc. AR grew its stake in shares of Affiliated Managers Group by 0.4% in the second quarter. Stephens Inc. AR now owns 2,247 shares of the asset manager’s stock worth $373,000 after acquiring an additional 9 shares during the last quarter. Bancorpsouth Inc. grew its stake in shares of Affiliated Managers Group by 12.0% in the second quarter. Bancorpsouth Inc. now owns 1,695 shares of the asset manager’s stock worth $281,000 after acquiring an additional 181 shares during the last quarter. Advisor Group Inc. grew its stake in shares of Affiliated Managers Group by 46.2% in the second quarter. Advisor Group Inc. now owns 722 shares of the asset manager’s stock worth $120,000 after acquiring an additional 228 shares during the last quarter. Norinchukin Bank The grew its stake in shares of Affiliated Managers Group by 12.1% in the second quarter. Norinchukin Bank The now owns 2,235 shares of the asset manager’s stock worth $371,000 after acquiring an additional 242 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in shares of Affiliated Managers Group by 4.1% in the third quarter. Mutual of America Capital Management LLC now owns 7,242 shares of the asset manager’s stock worth $1,375,000 after acquiring an additional 284 shares during the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.

In other news, CEO Sean M. Healey sold 69,800 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $185.48, for a total value of $12,946,504.00. Following the sale, the chief executive officer now owns 194,943 shares in the company, valued at approximately $36,158,027.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter W. Macewen sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $197.67, for a total transaction of $1,976,700.00. Following the completion of the sale, the insider now owns 37,682 shares in the company, valued at approximately $7,448,600.94. The disclosure for this sale can be found here. Insiders have sold 89,585 shares of company stock worth $16,734,012 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

Affiliated Managers Group, Inc. (AMG) traded up $2.08 on Tuesday, reaching $202.80. 245,500 shares of the company’s stock were exchanged, compared to its average volume of 282,356. Affiliated Managers Group, Inc. has a 1 year low of $139.52 and a 1 year high of $207.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market capitalization of $11,272.01, a P/E ratio of 21.95, a P/E/G ratio of 0.73 and a beta of 1.71.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Monday, October 30th. The asset manager reported $3.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.36 by $0.05. Affiliated Managers Group had a net margin of 23.29% and a return on equity of 17.63%. The firm had revenue of $585.70 million for the quarter, compared to the consensus estimate of $586.55 million. During the same quarter in the previous year, the company earned $3.02 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. analysts forecast that Affiliated Managers Group, Inc. will post 14.48 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on AMG shares. Keefe, Bruyette & Woods restated a “buy” rating and issued a $229.00 price objective on shares of Affiliated Managers Group in a research note on Thursday, October 12th. 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 note on Monday, October 2nd. Jefferies Group restated a “buy” rating and issued a $226.00 price objective on shares of Affiliated Managers Group in a research note on Thursday, October 12th. Credit Suisse Group downgraded shares of Affiliated Managers Group from an “outperform” rating to a “neutral” rating and set a $220.00 price objective on the stock. in a research note on Wednesday, January 3rd. Finally, Goldman Sachs Group downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $216.00 price target on the stock. in a research note on Tuesday, January 9th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $211.00.

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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.

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

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