Patrick T. Ryan Sells 7,705 Shares of Affiliated Managers Group, Inc. (AMG) Stock

Affiliated Managers Group, Inc. (NYSE:AMG) Director Patrick T. Ryan sold 7,705 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $185.27, for a total transaction of $1,427,505.35. Following the completion of the sale, the director now owns 6,797 shares of the company’s stock, valued at $1,259,280.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Affiliated Managers Group, Inc. (NYSE AMG) opened at $183.15 on Wednesday. Affiliated Managers Group, Inc. has a 1-year low of $139.15 and a 1-year high of $198.40. The stock has a market cap of $10,163.71, a P/E ratio of 13.30, a PEG ratio of 0.86 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 released its earnings results on Monday, October 30th. The asset manager reported $3.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $586.55 million. During the same period last year, the business earned $3.02 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. sell-side analysts predict that Affiliated Managers Group, Inc. will post 14.44 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Thursday, November 9th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, November 8th. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. Affiliated Managers Group’s payout ratio is 8.66%.

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Several analysts have commented on AMG shares. Zacks Investment Research lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Credit Suisse Group raised their price objective on shares of Affiliated Managers Group from $205.00 to $223.00 and gave the stock an “outperform” rating in a report on Friday, August 11th. Jefferies Group LLC restated a “buy” rating and issued a $200.00 price objective on shares of Affiliated Managers Group in a report on Friday, August 18th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $229.00 price objective on shares of Affiliated Managers Group in a report on Thursday, October 12th. Finally, Barrington Research restated an “outperform” rating and issued a $215.00 price objective on shares of Affiliated Managers Group in a 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 company. The stock has an average rating of “Buy” and an average target price of $207.25.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Affiliated Managers Group by 5.1% during the second quarter. Vanguard Group Inc. now owns 5,574,012 shares of the asset manager’s stock valued at $924,505,000 after acquiring an additional 270,929 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Affiliated Managers Group by 60.9% during the second quarter. The Manufacturers Life Insurance Company now owns 3,591,358 shares of the asset manager’s stock valued at $595,663,000 after acquiring an additional 1,359,805 shares in the last quarter. State Street Corp increased its position in shares of Affiliated Managers Group by 6.7% during the second quarter. State Street Corp now owns 2,757,345 shares of the asset manager’s stock valued at $457,334,000 after acquiring an additional 174,278 shares in the last quarter. Atlanta Capital Management Co. L L C increased its position in shares of Affiliated Managers Group by 0.6% during the second quarter. Atlanta Capital Management Co. L L C now owns 1,973,612 shares of the asset manager’s stock valued at $327,343,000 after acquiring an additional 10,982 shares in the last quarter. Finally, EdgePoint Investment Group Inc. increased its position in shares of Affiliated Managers Group by 42.2% during the second quarter. EdgePoint Investment Group Inc. now owns 1,932,316 shares of the asset manager’s stock valued at $320,494,000 after acquiring an additional 573,066 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

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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