Dimensional Fund Advisors LP Purchases 7,891 Shares of Affiliated Managers Group, Inc. $AMG

Dimensional Fund Advisors LP boosted its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 684,116 shares of the asset manager’s stock after buying an additional 7,891 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.43% of Affiliated Managers Group worth $163,113,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. US Bancorp DE boosted its position in Affiliated Managers Group by 1.4% during the 3rd quarter. US Bancorp DE now owns 3,561 shares of the asset manager’s stock worth $849,000 after acquiring an additional 49 shares during the last quarter. Procyon Advisors LLC raised its holdings in shares of Affiliated Managers Group by 3.1% in the third quarter. Procyon Advisors LLC now owns 1,648 shares of the asset manager’s stock valued at $393,000 after purchasing an additional 50 shares during the last quarter. Millstone Evans Group LLC lifted its position in shares of Affiliated Managers Group by 41.9% in the third quarter. Millstone Evans Group LLC now owns 176 shares of the asset manager’s stock worth $42,000 after purchasing an additional 52 shares in the last quarter. Citigroup Inc. lifted its position in shares of Affiliated Managers Group by 0.8% in the third quarter. Citigroup Inc. now owns 9,363 shares of the asset manager’s stock worth $2,232,000 after purchasing an additional 77 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Affiliated Managers Group by 6.5% during the third quarter. GAMMA Investing LLC now owns 1,333 shares of the asset manager’s stock worth $318,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 95.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Zacks Research lowered shares of Affiliated Managers Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Affiliated Managers Group in a research note on Wednesday, January 21st. Wall Street Zen upgraded Affiliated Managers Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. TD Cowen reaffirmed a “buy” rating on shares of Affiliated Managers Group in a research report on Wednesday, January 14th. Finally, The Goldman Sachs Group upped their target price on Affiliated Managers Group from $300.00 to $341.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $350.14.

Affiliated Managers Group Trading Down 1.3%

Shares of Affiliated Managers Group stock opened at $282.01 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a 50-day moving average of $309.66 and a 200-day moving average of $271.42. Affiliated Managers Group, Inc. has a 52-week low of $139.22 and a 52-week high of $334.78. The stock has a market cap of $7.52 billion, a PE ratio of 12.22, a PEG ratio of 0.47 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Thursday, February 12th. The asset manager reported $9.48 EPS for the quarter, topping analysts’ consensus estimates of $8.75 by $0.73. Affiliated Managers Group had a net margin of 34.55% and a return on equity of 18.45%. The business had revenue of $556.60 million for the quarter, compared to analyst estimates of $578.54 million. During the same period last year, the firm earned $6.53 earnings per share. Affiliated Managers Group’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, February 23rd were given 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 was Monday, February 23rd. Affiliated Managers Group’s dividend payout ratio is presently 0.17%.

Insider Activity at Affiliated Managers Group

In related news, General Counsel Kavita Padiyar sold 2,200 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $278.24, for a total value of $612,128.00. Following the completion of the sale, the general counsel directly owned 42,672 shares in the company, valued at approximately $11,873,057.28. The trade was a 4.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Thomas M. Wojcik sold 8,000 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $286.30, for a total value of $2,290,400.00. Following the sale, the chief operating officer directly owned 159,465 shares in the company, valued at $45,654,829.50. This represents a 4.78% decrease in their position. The SEC filing for this sale provides additional information. 4.20% of the stock is currently owned by company insiders.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc (NYSE: AMG) is a global asset management holding company that partners with boutique investment firms. Founded in 1993 and headquartered in West Palm Beach, Florida, AMG invests in and collaborates with independent investment managers to foster growth while preserving their entrepreneurial culture. Through equity stakes and strategic support, the company aims to enhance its affiliates’ distribution capabilities, operational infrastructure and access to capital.

The company’s core business activities include providing capital solutions, distribution services and operational support to affiliated investment firms.