Macquarie Group Ltd. reduced its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,687 shares of the asset manager’s stock after selling 2,580 shares during the quarter. Macquarie Group Ltd. owned 0.27% of Affiliated Managers Group worth $28,036,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMG. Stephens Inc. AR increased its position in shares of Affiliated Managers Group by 0.4% in the second quarter. Stephens Inc. AR now owns 2,247 shares of the asset manager’s stock worth $373,000 after acquiring an additional 9 shares in the last quarter. Contravisory Investment Management Inc. increased its position in shares of Affiliated Managers Group by 0.7% in the second quarter. Contravisory Investment Management Inc. now owns 1,621 shares of the asset manager’s stock worth $269,000 after acquiring an additional 11 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of Affiliated Managers Group by 2.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 755 shares of the asset manager’s stock worth $125,000 after acquiring an additional 16 shares in the last quarter. Nicolet Bankshares Inc. increased its position in shares of Affiliated Managers Group by 0.8% in the second quarter. Nicolet Bankshares Inc. now owns 3,099 shares of the asset manager’s stock worth $514,000 after acquiring an additional 25 shares in the last quarter. Finally, Oliver Luxxe Assets LLC increased its position in shares of Affiliated Managers Group by 0.5% in the second quarter. Oliver Luxxe Assets LLC now owns 7,237 shares of the asset manager’s stock worth $1,200,000 after acquiring an additional 33 shares in the last quarter. Institutional investors and hedge funds own 97.43% of the company’s stock.

In other Affiliated Managers Group news, Director Patrick T. Ryan sold 7,705 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $185.27, for a total value of $1,427,505.35. Following the completion of the sale, the director now directly owns 6,797 shares of the company’s stock, valued at $1,259,280.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sean M. Healey sold 69,800 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $185.48, for a total transaction of $12,946,504.00. Following the completion of the sale, the chief executive officer now directly owns 194,943 shares of the company’s stock, valued at $36,158,027.64. The disclosure for this sale can be found here. Insiders have sold 79,585 shares of company stock worth $14,757,312 over the last ninety days. 1.40% of the stock is currently owned by insiders.

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AMG has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $229.00 price objective on shares of Affiliated Managers Group in a research report on Thursday, October 12th. Credit Suisse Group boosted their price objective on shares of Affiliated Managers Group from $205.00 to $223.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. Jefferies Group LLC reaffirmed a “buy” rating and set a $200.00 price objective on shares of Affiliated Managers Group in a research report on Friday, August 18th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $215.00 price objective on shares of Affiliated Managers Group in a research report on Wednesday, October 4th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Affiliated Managers Group currently has an average rating of “Buy” and a consensus target price of $207.25.

Affiliated Managers Group, Inc. (AMG) opened at $189.99 on Friday. Affiliated Managers Group, Inc. has a 1 year low of $139.52 and a 1 year high of $198.40. The company has a market cap of $10,560.01, a P/E ratio of 13.82, a P/E/G ratio of 0.90 and a beta of 1.70. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, October 30th. The asset manager reported $3.41 EPS for the quarter, beating the Zacks’ consensus estimate of $3.36 by $0.05. Affiliated Managers Group had a net margin of 23.29% and a return on equity of 17.63%. The firm had revenue of $585.70 million for the quarter, compared to the consensus estimate of $586.55 million. During the same period in the previous year, the firm posted $3.02 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. equities analysts anticipate that Affiliated Managers Group, Inc. will post 14.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Thursday, November 9th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date was Wednesday, November 8th. Affiliated Managers Group’s payout ratio is presently 8.66%.

About Affiliated Managers Group

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

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Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

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