Affiliated Managers Group, Inc. (AMG) Shares Sold by Atlanta Capital Management Co. L L C

Atlanta Capital Management Co. L L C trimmed its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 9.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,839,060 shares of the asset manager’s stock after selling 203,174 shares during the quarter. Affiliated Managers Group makes up 1.2% of Atlanta Capital Management Co. L L C’s holdings, making the stock its 29th largest position. Atlanta Capital Management Co. L L C’s holdings in Affiliated Managers Group were worth $251,436,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its holdings in shares of Affiliated Managers Group by 4,434.6% during the second quarter. Advisors Asset Management Inc. now owns 150,503 shares of the asset manager’s stock worth $595,000 after purchasing an additional 147,184 shares during the period. Voya Investment Management LLC increased its holdings in shares of Affiliated Managers Group by 3.8% during the second quarter. Voya Investment Management LLC now owns 50,635 shares of the asset manager’s stock worth $7,528,000 after purchasing an additional 1,835 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Affiliated Managers Group by 17.7% during the second quarter. Sterling Capital Management LLC now owns 802,258 shares of the asset manager’s stock worth $119,272,000 after purchasing an additional 120,592 shares during the period. Tillar Wenstrup Advisors LLC increased its holdings in shares of Affiliated Managers Group by 79.5% during the third quarter. Tillar Wenstrup Advisors LLC now owns 20,320 shares of the asset manager’s stock worth $2,778,000 after purchasing an additional 8,998 shares during the period. Finally, Congress Asset Management Co. MA increased its holdings in shares of Affiliated Managers Group by 4.4% during the third quarter. Congress Asset Management Co. MA now owns 33,631 shares of the asset manager’s stock worth $4,598,000 after purchasing an additional 1,405 shares during the period. 91.80% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Hugh Cutler bought 1,564 shares of the stock in a transaction that occurred on Wednesday, October 31st. The stock was acquired at an average price of $115.48 per share, with a total value of $180,610.72. Following the completion of the purchase, the executive vice president now directly owns 7,087 shares of the company’s stock, valued at $818,406.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight D. Churchill sold 2,034 shares of Affiliated Managers Group stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of $110.53, for a total transaction of $224,818.02. Following the transaction, the director now directly owns 6,522 shares of the company’s stock, valued at approximately $720,876.66. The disclosure for this sale can be found here. Company insiders own 0.91% of the company’s stock.

NYSE AMG opened at $109.28 on Monday. The company has a current ratio of 0.49, a quick ratio of 0.42 and a debt-to-equity ratio of 0.07. The company has a market cap of $5.76 billion, a P/E ratio of 7.48, a PEG ratio of 0.60 and a beta of 1.53. Affiliated Managers Group, Inc. has a 1 year low of $106.01 and a 1 year high of $216.99.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Monday, October 29th. The asset manager reported $3.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.42 by $0.03. The business had revenue of $601.30 million for the quarter, compared to analyst estimates of $604.82 million. Affiliated Managers Group had a net margin of 29.38% and a return on equity of 19.37%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $3.41 EPS. Equities analysts expect that Affiliated Managers Group, Inc. will post 14.78 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Thursday, November 8th were given a $0.30 dividend. The ex-dividend date was Wednesday, November 7th. This represents a $1.20 dividend on an annualized basis and a yield of 1.10%. Affiliated Managers Group’s dividend payout ratio is currently 8.22%.

Several analysts recently issued reports on the stock. Deutsche Bank reduced their price target on shares of Affiliated Managers Group from $166.00 to $164.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. Citigroup reduced their price target on shares of Affiliated Managers Group from $195.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. Barrington Research reduced their price target on shares of Affiliated Managers Group from $200.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, October 29th. Keefe, Bruyette & Woods upgraded shares of Affiliated Managers Group from a “market perform” rating to an “outperform” rating and set a $191.00 price target on the stock in a research report on Monday, July 30th. Finally, Zacks Investment Research upgraded shares of Affiliated Managers Group from a “sell” rating to a “hold” rating in a research report on Friday, September 21st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $189.75.

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Affiliated Managers Group Profile

Affiliated Managers Group, Inc, through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.

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

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