Nisa Investment Advisors LLC Buys 11,656 Shares of Affiliated Managers Group, Inc. $AMG

Nisa Investment Advisors LLC boosted its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 146.2% in the fourth quarter, HoldingsChannel reports. The firm owned 19,629 shares of the asset manager’s stock after buying an additional 11,656 shares during the period. Nisa Investment Advisors LLC’s holdings in Affiliated Managers Group were worth $5,659,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMG. US Bancorp DE raised its holdings in shares of Affiliated Managers Group by 1.4% during the third quarter. US Bancorp DE now owns 3,561 shares of the asset manager’s stock valued at $849,000 after purchasing an additional 49 shares during the period. Procyon Advisors LLC grew its stake in shares of Affiliated Managers Group by 3.1% in the 3rd quarter. Procyon Advisors LLC now owns 1,648 shares of the asset manager’s stock valued at $393,000 after buying an additional 50 shares during the period. Millstone Evans Group LLC increased its position in Affiliated Managers Group by 41.9% in the 3rd quarter. Millstone Evans Group LLC now owns 176 shares of the asset manager’s stock valued at $42,000 after buying an additional 52 shares in the last quarter. Quadrant Capital Group LLC increased its position in Affiliated Managers Group by 2.1% in the 3rd quarter. Quadrant Capital Group LLC now owns 3,174 shares of the asset manager’s stock valued at $757,000 after buying an additional 64 shares in the last quarter. Finally, Glenmede Investment Management LP raised its stake in Affiliated Managers Group by 3.9% during the 3rd quarter. Glenmede Investment Management LP now owns 1,792 shares of the asset manager’s stock worth $427,000 after buying an additional 67 shares during the period. 95.30% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, COO Thomas M. Wojcik sold 8,000 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $286.30, for a total value of $2,290,400.00. Following the completion of the sale, the chief operating officer owned 159,465 shares in the company, valued at $45,654,829.50. This represents a 4.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Kavita Padiyar sold 2,200 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $278.24, for a total transaction of $612,128.00. Following the transaction, the general counsel directly owned 42,672 shares in the company, valued at $11,873,057.28. The trade was a 4.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.20% of the stock is owned by insiders.

Affiliated Managers Group Stock Performance

Shares of AMG opened at $265.67 on Friday. The firm has a market capitalization of $7.09 billion, a P/E ratio of 11.51, a P/E/G ratio of 0.45 and a beta of 1.20. Affiliated Managers Group, Inc. has a 52 week low of $139.22 and a 52 week high of $334.78. The stock has a 50 day moving average price of $297.11 and a two-hundred day moving average price of $276.55. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.34 and a current ratio of 1.34.

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

Affiliated Managers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, February 23rd were paid a dividend of $0.01 per share. The ex-dividend date was Monday, February 23rd. This represents a $0.04 annualized dividend and a yield of 0.0%. Affiliated Managers Group’s dividend payout ratio (DPR) is 0.17%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $408.00 target price on Affiliated Managers Group and gave the stock a “buy” rating in a research report on Friday, February 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of Affiliated Managers Group in a research report on Wednesday, January 21st. 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. Wall Street Zen upgraded shares of Affiliated Managers Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Finally, TD Cowen reaffirmed a “buy” rating on shares of Affiliated Managers Group in a research note on Wednesday, January 14th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Affiliated Managers Group has an average rating of “Moderate Buy” and an average price target of $350.14.

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.