Susquehanna Fundamental Investments LLC Buys 8,660 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Susquehanna Fundamental Investments LLC boosted its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 35.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,109 shares of the asset manager’s stock after acquiring an additional 8,660 shares during the period. Susquehanna Fundamental Investments LLC owned 0.10% of Affiliated Managers Group worth $5,173,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in AMG. Ensign Peak Advisors Inc grew its stake in shares of Affiliated Managers Group by 0.6% during the 2nd quarter. Ensign Peak Advisors Inc now owns 9,902 shares of the asset manager’s stock worth $1,547,000 after acquiring an additional 60 shares during the period. Blair William & Co. IL boosted its position in Affiliated Managers Group by 0.5% during the first quarter. Blair William & Co. IL now owns 12,924 shares of the asset manager’s stock worth $2,164,000 after purchasing an additional 69 shares during the period. Kendall Capital Management increased its stake in shares of Affiliated Managers Group by 2.5% in the second quarter. Kendall Capital Management now owns 4,135 shares of the asset manager’s stock worth $646,000 after purchasing an additional 100 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Affiliated Managers Group by 1.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,854 shares of the asset manager’s stock valued at $1,189,000 after purchasing an additional 135 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Affiliated Managers Group by 4.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,261 shares of the asset manager’s stock valued at $546,000 after buying an additional 150 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

Affiliated Managers Group Stock Performance

Shares of AMG stock opened at $176.28 on Monday. The company has a market capitalization of $5.62 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 0.56 and a beta of 1.20. Affiliated Managers Group, Inc. has a 52-week low of $120.22 and a 52-week high of $189.81. The business’s fifty day moving average is $171.84 and its 200 day moving average is $164.31.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Monday, July 29th. The asset manager reported $4.67 earnings per share for the quarter, beating the consensus estimate of $4.60 by $0.07. Affiliated Managers Group had a return on equity of 16.50% and a net margin of 31.51%. The firm had revenue of $500.30 million for the quarter, compared to analysts’ expectations of $518.03 million. During the same quarter last year, the firm posted $4.45 EPS. The company’s revenue was down 2.4% compared to the same quarter last year. On average, sell-side analysts forecast that Affiliated Managers Group, Inc. will post 22.04 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. Affiliated Managers Group’s dividend payout ratio is presently 0.22%.

Insider Activity

In related news, CEO Jay C. Horgen sold 9,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $171.98, for a total value of $1,547,820.00. Following the completion of the transaction, the chief executive officer now directly owns 377,276 shares in the company, valued at $64,883,926.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Jay C. Horgen sold 9,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $171.98, for a total transaction of $1,547,820.00. Following the transaction, the chief executive officer now directly owns 377,276 shares of the company’s stock, valued at approximately $64,883,926.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Thomas M. Wojcik sold 4,786 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $172.71, for a total value of $826,590.06. Following the completion of the sale, the chief operating officer now owns 84,392 shares of the company’s stock, valued at approximately $14,575,342.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,408 shares of company stock worth $3,865,068. 1.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on AMG. TD Cowen lifted their price objective on shares of Affiliated Managers Group from $201.00 to $226.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft lifted their price target on Affiliated Managers Group from $202.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. StockNews.com cut Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Bank of America lifted their target price on Affiliated Managers Group from $200.00 to $201.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Finally, Barrington Research increased their price target on shares of Affiliated Managers Group from $190.00 to $210.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $199.80.

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.