Affiliated Managers Group Target of Unusually Large Options Trading (AMG)

Affiliated Managers Group, Inc. (NYSE:AMG) was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 682 put options on the stock. This is an increase of approximately Infinity compared to the typical daily volume of 0 put options.

In other news, Director Dwight D. Churchill sold 2,080 shares of Affiliated Managers Group stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $184.28, for a total transaction of $383,302.40. Following the sale, the director now owns 6,104 shares of the company’s stock, valued at approximately $1,124,845.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.40% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tributary Capital Management LLC acquired a new position in shares of Affiliated Managers Group in the third quarter worth $100,000. Creative Planning grew its stake in shares of Affiliated Managers Group by 15.0% in the second quarter. Creative Planning now owns 705 shares of the asset manager’s stock worth $117,000 after acquiring an additional 92 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Affiliated Managers Group by 46.2% in the second quarter. Advisor Group Inc. now owns 722 shares of the asset manager’s stock worth $120,000 after acquiring an additional 228 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake 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. Finally, Financial Architects Inc grew its stake in shares of Affiliated Managers Group by 2.1% in the second quarter. Financial Architects Inc now owns 833 shares of the asset manager’s stock worth $138,000 after acquiring an additional 17 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Shares of Affiliated Managers Group (NYSE:AMG) opened at $184.36 on Monday. The stock has a market capitalization of $10,247.08, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 0.87 and a beta of 1.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.61 and a quick ratio of 0.61. Affiliated Managers Group has a 12-month low of $139.15 and a 12-month high of $198.40.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Wednesday, November 8th. Affiliated Managers Group’s payout ratio is 8.66%.

AMG has been the topic of several analyst reports. BidaskClub lowered shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $200.00 price target on shares of Affiliated Managers Group in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $215.00 price target on shares of Affiliated Managers Group in a research report on Thursday, August 3rd. Credit Suisse Group lifted their price target 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. Finally, Zacks Investment Research raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $213.00 price target on the stock in a research report on Monday, October 2nd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Affiliated Managers Group has a consensus rating of “Buy” and an average target price of $207.25.

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Affiliated Managers Group Company Profile

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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