Affiliated Managers Group, Inc. (NYSE:AMG) Position Increased by Creative Planning

Creative Planning increased its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 4.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,483 shares of the asset manager’s stock after purchasing an additional 281 shares during the period. Creative Planning’s holdings in Affiliated Managers Group were worth $1,013,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Algert Global LLC lifted its holdings in shares of Affiliated Managers Group by 74.8% in the 2nd quarter. Algert Global LLC now owns 89,254 shares of the asset manager’s stock worth $13,944,000 after purchasing an additional 38,206 shares during the last quarter. SkyView Investment Advisors LLC increased its position in Affiliated Managers Group by 8.3% in the 2nd quarter. SkyView Investment Advisors LLC now owns 5,681 shares of the asset manager’s stock valued at $887,000 after acquiring an additional 434 shares during the period. Goodman Advisory Group LLC acquired a new stake in Affiliated Managers Group in the 2nd quarter valued at approximately $50,000. Susquehanna Fundamental Investments LLC increased its position in Affiliated Managers Group by 35.4% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 33,109 shares of the asset manager’s stock valued at $5,173,000 after acquiring an additional 8,660 shares during the period. Finally, Lighthouse Investment Partners LLC acquired a new stake in Affiliated Managers Group in the 2nd quarter valued at approximately $311,000. Institutional investors own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on AMG shares. StockNews.com cut Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Bank of America raised their target price on Affiliated Managers Group from $200.00 to $201.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. Barrington Research lifted their price target on Affiliated Managers Group from $190.00 to $210.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. 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. Finally, TD Cowen lifted their price target on Affiliated Managers Group from $201.00 to $226.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $210.50.

Insider Transactions at Affiliated Managers Group

In other news, CEO Jay C. Horgen sold 9,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $171.98, for a total value of $1,547,820.00. Following the completion of the sale, the chief executive officer now owns 377,276 shares of the company’s stock, valued at $64,883,926.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Jay C. Horgen sold 9,000 shares of Affiliated Managers Group stock in a transaction on 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 completion of the sale, the chief executive officer now owns 377,276 shares of the company’s stock, valued at approximately $64,883,926.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Thomas M. Wojcik sold 4,786 shares of Affiliated Managers Group stock in a transaction on Friday, August 16th. The shares were sold at an average price of $172.71, for a total value of $826,590.06. Following the sale, the chief operating officer now directly owns 84,392 shares of the company’s stock, valued at approximately $14,575,342.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,408 shares of company stock valued at $3,865,068 over the last quarter. Company insiders own 1.90% of the company’s stock.

Affiliated Managers Group Stock Up 0.4 %

Shares of NYSE AMG opened at $186.24 on Friday. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 0.56 and a beta of 1.20. The stock’s fifty day simple moving average is $172.36 and its 200 day simple moving average is $165.41. Affiliated Managers Group, Inc. has a 52-week low of $120.22 and a 52-week high of $189.81.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Monday, July 29th. The asset manager reported $4.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.60 by $0.07. The business had revenue of $500.30 million for the quarter, compared to analysts’ expectations of $518.03 million. Affiliated Managers Group had a return on equity of 16.50% and a net margin of 31.51%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $4.45 EPS. As a group, analysts anticipate that Affiliated Managers Group, Inc. will post 22.04 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.22%.

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.