New York State Common Retirement Fund Buys 445 Shares of Affiliated Managers Group, Inc. $AMG

New York State Common Retirement Fund raised its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 126,415 shares of the asset manager’s stock after purchasing an additional 445 shares during the period. New York State Common Retirement Fund owned 0.44% of Affiliated Managers Group worth $24,875,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Schroder Investment Management Group bought a new stake in shares of Affiliated Managers Group in the second quarter valued at $2,016,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in Affiliated Managers Group in the 2nd quarter worth about $1,948,000. Norges Bank bought a new stake in Affiliated Managers Group in the 2nd quarter valued at about $71,779,000. Choreo LLC bought a new stake in Affiliated Managers Group in the 2nd quarter valued at about $250,000. Finally, Prudential Financial Inc. lifted its holdings in Affiliated Managers Group by 10.0% during the second quarter. Prudential Financial Inc. now owns 3,256 shares of the asset manager’s stock valued at $615,000 after purchasing an additional 296 shares during the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Affiliated Managers Group Stock Down 0.6%

AMG opened at $267.31 on Tuesday. The business’s fifty day simple moving average is $247.30 and its 200 day simple moving average is $220.39. Affiliated Managers Group, Inc. has a 52 week low of $139.22 and a 52 week high of $272.00. The stock has a market cap of $7.52 billion, a PE ratio of 19.51, a P/E/G ratio of 0.61 and a beta of 1.25.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Monday, November 3rd. The asset manager reported $6.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.88 by $0.22. The firm had revenue of $528.00 million during the quarter, compared to analyst estimates of $543.39 million. Affiliated Managers Group had a return on equity of 16.11% and a net margin of 21.79%.The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.82 earnings per share. As a group, equities analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current year.

Affiliated Managers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Thursday, November 13th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $0.04 annualized dividend and a yield of 0.0%. Affiliated Managers Group’s dividend payout ratio is currently 0.24%.

Insider Buying and Selling

In other Affiliated Managers Group news, COO Thomas M. Wojcik sold 16,000 shares of Affiliated Managers Group stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $231.03, for a total transaction of $3,696,480.00. Following the transaction, the chief operating officer directly owned 158,710 shares of the company’s stock, valued at approximately $36,666,771.30. This trade represents a 9.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AMG has been the subject of several recent research reports. TD Cowen upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $214.00 to $255.00 in a research note on Monday, August 4th. Zacks Research raised shares of Affiliated Managers Group from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Wall Street Zen raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Cowen restated a “buy” rating on shares of Affiliated Managers Group in a research report on Tuesday, November 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $282.00 price target on shares of Affiliated Managers Group in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $290.33.

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.