Cwm LLC Purchases 4,602 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Cwm LLC boosted its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 169.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,322 shares of the asset manager’s stock after buying an additional 4,602 shares during the quarter. Cwm LLC’s holdings in Affiliated Managers Group were worth $1,302,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Ariel Investments LLC raised its stake in shares of Affiliated Managers Group by 8.7% during the second quarter. Ariel Investments LLC now owns 1,442,817 shares of the asset manager’s stock valued at $225,411,000 after acquiring an additional 115,808 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Affiliated Managers Group by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 826,123 shares of the asset manager’s stock valued at $129,065,000 after purchasing an additional 30,059 shares during the last quarter. LSV Asset Management lifted its holdings in Affiliated Managers Group by 0.8% in the 2nd quarter. LSV Asset Management now owns 240,504 shares of the asset manager’s stock worth $37,574,000 after buying an additional 2,000 shares during the period. Raymond James & Associates grew its position in shares of Affiliated Managers Group by 9.6% in the 2nd quarter. Raymond James & Associates now owns 234,647 shares of the asset manager’s stock worth $36,659,000 after buying an additional 20,514 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Affiliated Managers Group by 36.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 177,530 shares of the asset manager’s stock valued at $29,731,000 after buying an additional 47,239 shares during the period. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMG. TD Cowen raised their price target on Affiliated Managers Group from $201.00 to $226.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Barrington Research raised their target price on shares of Affiliated Managers Group from $190.00 to $210.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Affiliated Managers Group from $202.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. Bank of America lifted their price objective 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. Finally, StockNews.com lowered Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $210.50.

Affiliated Managers Group Price Performance

Shares of NYSE AMG opened at $192.86 on Thursday. Affiliated Managers Group, Inc. has a 1 year low of $120.22 and a 1 year high of $194.27. The firm has a 50-day moving average of $174.57 and a 200 day moving average of $166.10. The stock has a market cap of $6.15 billion, a P/E ratio of 10.70, a price-to-earnings-growth ratio of 0.58 and a beta of 1.20.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Monday, July 29th. The asset manager reported $4.67 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm posted $4.45 EPS. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. Research analysts expect that Affiliated Managers Group, Inc. will post 21.98 earnings per share 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. Stockholders of record on Thursday, August 8th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Thursday, August 8th. Affiliated Managers Group’s dividend payout ratio is presently 0.22%.

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.