Boston Partners Has $223.01 Million Stock Position in Affiliated Managers Group, Inc. $AMG

Boston Partners lessened its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 1.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,133,127 shares of the asset manager’s stock after selling 21,664 shares during the quarter. Boston Partners owned about 3.99% of Affiliated Managers Group worth $223,011,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Affiliated Managers Group by 428.0% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 132 shares of the asset manager’s stock valued at $26,000 after buying an additional 107 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Affiliated Managers Group during the 1st quarter worth approximately $36,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in Affiliated Managers Group by 80.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 229 shares of the asset manager’s stock valued at $45,000 after acquiring an additional 102 shares during the last quarter. AlphaCore Capital LLC bought a new position in Affiliated Managers Group in the second quarter valued at approximately $49,000. Finally, American National Bank & Trust acquired a new position in Affiliated Managers Group during the second quarter valued at approximately $58,000. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Trading Up 0.8%

NYSE:AMG opened at $268.13 on Thursday. The stock’s 50-day moving average is $245.85 and its 200-day moving average is $218.32. Affiliated Managers Group, Inc. has a 1-year low of $139.22 and a 1-year high of $271.48. The stock has a market cap of $7.54 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 0.61 and a beta of 1.25.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Monday, November 3rd. The asset manager reported $6.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $528.00 million during the quarter, compared to the consensus estimate of $543.39 million. During the same quarter last year, the firm earned $4.82 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities analysts forecast that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

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 dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $0.04 annualized dividend and a yield of 0.0%. Affiliated Managers Group’s payout ratio is presently 0.24%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Cowen reaffirmed a “buy” rating on shares of Affiliated Managers Group in a report on Tuesday, November 4th. TD Cowen upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $214.00 to $255.00 in a research report on Monday, August 4th. The Goldman Sachs Group lifted their target price on Affiliated Managers Group from $240.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Bank of America boosted their target price on Affiliated Managers Group to $335.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Finally, UBS Group set a $295.00 price target on shares of Affiliated Managers Group in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $290.33.

Insider Activity at Affiliated Managers Group

In other news, COO Thomas M. Wojcik sold 16,000 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $231.03, for a total value of $3,696,480.00. Following the completion of the sale, the chief operating officer owned 158,710 shares of the company’s stock, valued at approximately $36,666,771.30. This represents a 9.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 4.20% of the company’s stock.

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.