LSV Asset Management Has $136.36 Million Stock Holdings in Affiliated Managers Group, Inc. $AMG

LSV Asset Management decreased its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 473,021 shares of the asset manager’s stock after selling 6,603 shares during the quarter. LSV Asset Management’s holdings in Affiliated Managers Group were worth $136,362,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AMG. Goldman Sachs Group Inc. lifted its stake in shares of Affiliated Managers Group by 1.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 113,353 shares of the asset manager’s stock valued at $19,047,000 after purchasing an additional 1,428 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Affiliated Managers Group by 4.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 141,733 shares of the asset manager’s stock valued at $23,815,000 after purchasing an additional 6,262 shares during the period. Jane Street Group LLC acquired a new position in shares of Affiliated Managers Group in the 1st quarter valued at $1,947,000. American Century Companies Inc. lifted its stake in shares of Affiliated Managers Group by 1.2% in the 2nd quarter. American Century Companies Inc. now owns 8,552 shares of the asset manager’s stock valued at $1,683,000 after purchasing an additional 104 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Affiliated Managers Group by 89.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 281 shares of the asset manager’s stock valued at $55,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Analyst Ratings Changes

AMG has been the topic of a number of analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $405.00 price target on shares of Affiliated Managers Group in a research note on Monday, May 4th. Wall Street Zen downgraded Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $400.00 price target on shares of Affiliated Managers Group in a research note on Monday, May 4th. Barrington Research reissued an “outperform” rating and issued a $365.00 price target on shares of Affiliated Managers Group in a research note on Monday, April 27th. Finally, TD Cowen reissued a “buy” rating and issued a $454.00 price target on shares of Affiliated Managers Group in a research note on Wednesday, May 13th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $362.29.

Affiliated Managers Group Stock Performance

Shares of Affiliated Managers Group stock opened at $301.99 on Friday. The company has a market capitalization of $7.98 billion, a PE ratio of 12.22, a PEG ratio of 0.52 and a beta of 1.14. Affiliated Managers Group, Inc. has a 12 month low of $172.54 and a 12 month high of $334.78. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.73. The stock’s fifty day simple moving average is $287.86 and its 200 day simple moving average is $290.00.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Friday, May 1st. The asset manager reported $8.23 EPS for the quarter, topping the consensus estimate of $8.10 by $0.13. The business had revenue of $544.90 million for the quarter, compared to the consensus estimate of $544.01 million. Affiliated Managers Group had a return on equity of 20.17% and a net margin of 35.55%.The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $5.37 EPS. On average, research analysts predict that Affiliated Managers Group, Inc. will post 34.31 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Monday, May 11th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Monday, May 11th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.16%.

Insider Buying and Selling at Affiliated Managers Group

In related news, Director Rodriguez Felix V. Matos sold 1,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $300.18, for a total transaction of $300,180.00. Following the sale, the director owned 4,369 shares of the company’s stock, valued at approximately $1,311,486.42. This trade represents a 18.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Kavita Padiyar sold 2,200 shares of the firm’s stock in a transaction 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 sale, 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,602 shares of company stock worth $4,240,522 in the last three months. 2.90% of the stock is owned by insiders.

About Affiliated Managers Group

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.