1,150 Shares in Affiliated Managers Group, Inc. $AMG Bought by Atlanta Consulting Group Advisors LLC

Atlanta Consulting Group Advisors LLC purchased a new stake in Affiliated Managers Group, Inc. (NYSE:AMG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,150 shares of the asset manager’s stock, valued at approximately $226,000.

Several other large investors also recently made changes to their positions in the business. 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 purchasing an additional 69 shares in the last quarter. Guinness Asset Management LTD boosted its stake in shares of Affiliated Managers Group by 2.4% in the 2nd quarter. Guinness Asset Management LTD now owns 3,196 shares of the asset manager’s stock valued at $629,000 after purchasing an additional 74 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Affiliated Managers Group by 11.8% during the first 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 during the last quarter. M&T Bank Corp raised its holdings in Affiliated Managers Group by 4.8% during the 1st quarter. M&T Bank Corp now owns 1,956 shares of the asset manager’s stock worth $329,000 after purchasing an additional 90 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of Affiliated Managers Group by 32.6% in the 2nd quarter. UMB Bank n.a. now owns 395 shares of the asset manager’s stock valued at $78,000 after acquiring an additional 97 shares during the period. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Performance

Shares of Affiliated Managers Group stock opened at $264.24 on Thursday. Affiliated Managers Group, Inc. has a one year low of $139.22 and a one year high of $264.81. The stock has a market cap of $7.43 billion, a P/E ratio of 19.29, a P/E/G ratio of 0.61 and a beta of 1.25. The stock’s fifty day moving average is $241.04 and its 200 day moving average is $212.30.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Monday, November 3rd. The asset manager reported $6.10 EPS for the quarter, topping analysts’ consensus estimates of $5.88 by $0.22. Affiliated Managers Group had a net margin of 21.79% and a return on equity of 16.11%. The business had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $543.39 million. During the same period last year, the company posted $4.82 EPS. The business’s revenue was up 2.2% on a year-over-year basis. Analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Thursday, November 13th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date is Thursday, November 13th. Affiliated Managers Group’s dividend payout ratio is presently 0.24%.

Insiders Place Their Bets

In other news, COO Thomas M. Wojcik sold 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $231.03, for a total value of $3,696,480.00. Following the completion of the transaction, the chief operating officer owned 158,710 shares of the company’s stock, valued at approximately $36,666,771.30. This trade represents a 9.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AMG has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Zacks Research downgraded shares of Affiliated Managers Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Affiliated Managers Group in a report on Wednesday, October 8th. The Goldman Sachs Group increased their price objective on Affiliated Managers Group from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Finally, Jefferies Financial Group restated a “buy” rating and set a $282.00 price target on shares of Affiliated Managers Group in a research note on Tuesday, November 4th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $290.33.

About Affiliated Managers Group

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.