Clarkston Capital Partners LLC Has $282.44 Million Position in Affiliated Managers Group, Inc. $AMG

Clarkston Capital Partners LLC lowered its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 9.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,435,354 shares of the asset manager’s stock after selling 149,970 shares during the period. Affiliated Managers Group comprises about 6.0% of Clarkston Capital Partners LLC’s portfolio, making the stock its 3rd largest position. Clarkston Capital Partners LLC owned about 5.05% of Affiliated Managers Group worth $282,435,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AMG. Mitsubishi UFJ Asset Management Co. Ltd. grew its position 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 worth $26,000 after purchasing an additional 107 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Affiliated Managers Group in the 1st quarter worth approximately $36,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of 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 in the last quarter. AlphaCore Capital LLC bought a new position in shares of Affiliated Managers Group in the second quarter valued at approximately $49,000. Finally, American National Bank & Trust purchased a new stake in shares of Affiliated Managers Group during the second quarter valued at approximately $58,000. 95.30% of the stock is owned by institutional investors.

Insider Transactions at Affiliated Managers Group

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMG. Bank of America boosted their price objective on Affiliated Managers Group to $335.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Zacks Research raised shares of Affiliated Managers Group from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Weiss Ratings restated a “buy (b-)” rating on shares of Affiliated Managers Group in a report on Wednesday, October 8th. The Goldman Sachs Group boosted their target price on shares of Affiliated Managers Group from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Finally, Cowen restated a “buy” rating on shares of Affiliated Managers Group in a research note on Tuesday, November 4th. One equities research 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, Affiliated Managers Group presently has an average rating of “Buy” and a consensus price target of $290.33.

Affiliated Managers Group Trading Up 0.8%

Shares of AMG stock opened at $268.13 on Friday. The stock has a market capitalization of $7.54 billion, a P/E ratio of 19.57, a PEG ratio of 0.61 and a beta of 1.25. The firm’s 50 day moving average is $246.33 and its 200 day moving average is $218.67. Affiliated Managers Group, Inc. has a 12 month low of $139.22 and a 12 month high of $271.48.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Monday, November 3rd. The asset manager reported $6.10 earnings per share for the quarter, beating 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 analyst estimates of $543.39 million. During the same period in the previous year, the business earned $4.82 EPS. Affiliated Managers Group’s revenue was up 2.2% compared to the same quarter last year. On average, equities analysts predict that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

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

Affiliated Managers Group 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.