Oak Thistle LLC Has $2.51 Million Position in Affiliated Managers Group, Inc. $AMG

Oak Thistle LLC raised its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 194.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,700 shares of the asset manager’s stock after acquiring an additional 5,742 shares during the quarter. Oak Thistle LLC’s holdings in Affiliated Managers Group were worth $2,508,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AMG. Root Financial Partners LLC acquired a new stake in Affiliated Managers Group in the third quarter valued at $33,000. Meeder Asset Management Inc. acquired a new stake in Affiliated Managers Group in the third quarter valued at $34,000. Hantz Financial Services Inc. lifted its stake in Affiliated Managers Group by 189.8% in the third quarter. Hantz Financial Services Inc. now owns 142 shares of the asset manager’s stock valued at $34,000 after acquiring an additional 93 shares during the last quarter. Millstone Evans Group LLC lifted its stake in Affiliated Managers Group by 41.9% in the third quarter. Millstone Evans Group LLC now owns 176 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 52 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in Affiliated Managers Group by 1,237.5% in the third quarter. Global Retirement Partners LLC now owns 214 shares of the asset manager’s stock valued at $51,000 after acquiring an additional 198 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Insider Transactions at Affiliated Managers Group

In related news, COO Thomas M. Wojcik sold 8,000 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $286.30, for a total transaction of $2,290,400.00. Following the transaction, the chief operating officer directly owned 159,465 shares of the company’s stock, valued at approximately $45,654,829.50. This trade represents a 4.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Kavita Padiyar sold 2,200 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was 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 approximately $11,873,057.28. This represents 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 currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on AMG shares. Wall Street Zen cut shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. TD Cowen reiterated a “buy” rating on shares of Affiliated Managers Group in a research note on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft set a $408.00 target price on shares of Affiliated Managers Group and gave the stock a “buy” rating in a research note on Friday, February 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Affiliated Managers Group in a research note on Wednesday, January 21st. Finally, Zacks Research cut shares of Affiliated Managers Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $350.14.

Affiliated Managers Group Stock Performance

NYSE AMG opened at $269.97 on Wednesday. The firm has a 50-day moving average of $294.38 and a 200-day moving average of $277.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $7.20 billion, a PE ratio of 11.70, a P/E/G ratio of 0.44 and a beta of 1.20. Affiliated Managers Group, Inc. has a 52-week low of $140.21 and a 52-week high of $334.78.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Thursday, February 12th. The asset manager reported $9.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.75 by $0.73. The company had revenue of $556.60 million during the quarter, compared to analysts’ expectations of $578.54 million. Affiliated Managers Group had a net margin of 34.55% and a return on equity of 18.45%. Affiliated Managers Group’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company posted $6.53 EPS. On average, sell-side analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

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

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.