Ameritas Investment Partners Inc. Has $1.09 Million Stock Holdings in Affiliated Managers Group, Inc. $AMG

Ameritas Investment Partners Inc. trimmed its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 4.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,520 shares of the asset manager’s stock after selling 236 shares during the period. Ameritas Investment Partners Inc.’s holdings in Affiliated Managers Group were worth $1,086,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMG. Prudential Financial Inc. lifted its stake in shares of Affiliated Managers Group by 10.0% during the second quarter. Prudential Financial Inc. now owns 3,256 shares of the asset manager’s stock valued at $615,000 after acquiring an additional 296 shares during the period. American Century Companies Inc. lifted its position in Affiliated Managers Group by 1.2% during the 2nd quarter. American Century Companies Inc. now owns 8,552 shares of the asset manager’s stock valued at $1,683,000 after purchasing an additional 104 shares during the period. AlphaCore Capital LLC acquired a new position in Affiliated Managers Group during the 2nd quarter valued at about $49,000. Entropy Technologies LP acquired a new stake in shares of Affiliated Managers Group during the 2nd quarter worth approximately $981,000. Finally, Magnetar Financial LLC bought a new stake in shares of Affiliated Managers Group during the second quarter worth approximately $285,000. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Performance

Shares of AMG stock opened at $268.13 on Friday. Affiliated Managers Group, Inc. has a 52 week low of $139.22 and a 52 week high of $271.48. The company’s 50 day moving average price is $246.33 and its two-hundred day moving average price is $218.67. The company has a market capitalization 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 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 company had revenue of $528.00 million during the quarter, compared to analysts’ expectations of $543.39 million. During the same quarter in the prior year, the company earned $4.82 earnings per share. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. Analysts forecast that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The company 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. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Thursday, November 13th. Affiliated Managers Group’s dividend payout ratio is 0.24%.

Analyst Ratings Changes

A number of equities analysts have issued reports on AMG shares. Bank of America raised their price objective on shares of Affiliated Managers Group to $335.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Zacks Research upgraded Affiliated Managers Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 14th. Wall Street Zen raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. TD Cowen raised Affiliated Managers Group from a “hold” rating to a “buy” rating and increased their target price for the company from $214.00 to $255.00 in a research note on Monday, August 4th. Finally, Cowen reiterated a “buy” rating on shares of Affiliated Managers Group in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $290.33.

Insider Transactions at Affiliated Managers Group

In other Affiliated Managers Group news, COO Thomas M. Wojcik sold 16,000 shares of Affiliated Managers Group 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 sale, the chief operating officer owned 158,710 shares of the company’s stock, valued at $36,666,771.30. This trade represents a 9.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.20% of the company’s stock.

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.