Affiliated Managers Group, Inc. $AMG Shares Sold by Signaturefd LLC

Signaturefd LLC cut its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 15.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 552 shares of the asset manager’s stock after selling 99 shares during the period. Signaturefd LLC’s holdings in Affiliated Managers Group were worth $109,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AMG. Redwood Investment Management LLC grew its position in Affiliated Managers Group by 0.9% during the first quarter. Redwood Investment Management LLC now owns 7,775 shares of the asset manager’s stock valued at $1,306,000 after acquiring an additional 69 shares during the period. Versant Capital Management Inc grew its holdings in shares of Affiliated Managers Group by 70.8% during the 1st quarter. Versant Capital Management Inc now owns 181 shares of the asset manager’s stock worth $30,000 after purchasing an additional 75 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Affiliated Managers Group by 11.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 737 shares of the asset manager’s stock worth $124,000 after purchasing an additional 78 shares in the last quarter. Private Trust Co. NA raised its holdings in Affiliated Managers Group by 38.1% in the first quarter. Private Trust Co. NA now owns 301 shares of the asset manager’s stock valued at $51,000 after buying an additional 83 shares during the period. Finally, M&T Bank Corp lifted its position in Affiliated Managers Group by 4.8% during the first quarter. M&T Bank Corp now owns 1,956 shares of the asset manager’s stock valued at $329,000 after buying an additional 90 shares in the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Affiliated Managers Group news, COO Thomas M. Wojcik sold 16,000 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $231.03, for a total transaction of $3,696,480.00. Following the completion of the sale, the chief operating officer owned 158,710 shares in the company, valued at $36,666,771.30. The trade was a 9.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.20% of the stock is currently owned by corporate insiders.

Affiliated Managers Group Stock Performance

Shares of Affiliated Managers Group stock opened at $242.58 on Friday. Affiliated Managers Group, Inc. has a 1 year low of $139.22 and a 1 year high of $250.15. The firm’s 50-day simple moving average is $226.70 and its 200-day simple moving average is $195.66. The firm has a market cap of $6.89 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 0.64 and a beta of 1.21.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Thursday, July 31st. The asset manager reported $5.39 earnings per share for the quarter, beating the consensus estimate of $5.26 by $0.13. Affiliated Managers Group had a return on equity of 16.11% and a net margin of 21.79%.The firm had revenue of $493.20 million during the quarter, compared to analyst estimates of $506.46 million. During the same period in the previous year, the company earned $4.67 earnings per share. Affiliated Managers Group’s quarterly revenue was down 1.4% on a year-over-year basis. On average, equities analysts predict that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Monday, August 11th. Affiliated Managers Group’s payout ratio is currently 0.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Zacks Research raised shares of Affiliated Managers Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 22nd. Bank of America raised their price objective on Affiliated Managers Group to $335.00 and gave the company a “buy” rating in a research report on Thursday. Wall Street Zen upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. The Goldman Sachs Group upgraded Affiliated Managers Group from a “neutral” rating to a “buy” rating and increased their target price for the company from $197.00 to $218.00 in a research note on Friday, June 27th. Finally, Barrington Research reissued an “outperform” rating and set a $240.00 price target on shares of Affiliated Managers Group in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $251.20.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc, through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.