Affiliated Managers Group, Inc. (NYSE:AMG) Holdings Boosted by SkyView Investment Advisors LLC

SkyView Investment Advisors LLC grew its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 8.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,681 shares of the asset manager’s stock after purchasing an additional 434 shares during the period. SkyView Investment Advisors LLC’s holdings in Affiliated Managers Group were worth $887,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN increased its holdings in shares of Affiliated Managers Group by 9.5% in the 4th quarter. Wells Fargo & Company MN now owns 70,847 shares of the asset manager’s stock valued at $10,728,000 after purchasing an additional 6,146 shares during the period. Corient Private Wealth LLC grew its holdings in shares of Affiliated Managers Group by 98.8% during the 4th quarter. Corient Private Wealth LLC now owns 9,551 shares of the asset manager’s stock valued at $1,446,000 after acquiring an additional 4,747 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Affiliated Managers Group in the fourth quarter worth $477,000. Hsbc Holdings PLC raised its holdings in shares of Affiliated Managers Group by 56.3% during the fourth quarter. Hsbc Holdings PLC now owns 31,831 shares of the asset manager’s stock worth $4,853,000 after acquiring an additional 11,465 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in Affiliated Managers Group by 333.0% during the fourth quarter. Parallel Advisors LLC now owns 1,195 shares of the asset manager’s stock valued at $181,000 after purchasing an additional 919 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Analyst Ratings Changes

AMG has been the topic of several research reports. Bank of America upped their target price on Affiliated Managers Group from $200.00 to $201.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Barrington Research increased their price objective on Affiliated Managers Group from $190.00 to $210.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Affiliated Managers Group from $202.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. TD Cowen boosted their target price on shares of Affiliated Managers Group from $201.00 to $226.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Finally, StockNews.com downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $199.80.

Insider Activity at Affiliated Managers Group

In other Affiliated Managers Group news, CEO Jay C. Horgen sold 9,000 shares of Affiliated Managers Group stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $171.98, for a total value of $1,547,820.00. Following the transaction, the chief executive officer now directly owns 377,276 shares of the company’s stock, valued at approximately $64,883,926.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Affiliated Managers Group news, COO Thomas M. Wojcik sold 4,786 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $172.71, for a total value of $826,590.06. Following the completion of the transaction, the chief operating officer now owns 84,392 shares of the company’s stock, valued at approximately $14,575,342.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jay C. Horgen sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $171.98, for a total value of $1,547,820.00. Following the sale, the chief executive officer now owns 377,276 shares in the company, valued at $64,883,926.48. The disclosure for this sale can be found here. Insiders sold a total of 22,408 shares of company stock worth $3,865,068 in the last 90 days. 1.90% of the stock is owned by company insiders.

Affiliated Managers Group Stock Down 0.3 %

Shares of Affiliated Managers Group stock opened at $176.28 on Friday. Affiliated Managers Group, Inc. has a 12-month low of $120.22 and a 12-month high of $189.81. The stock has a 50 day moving average price of $171.84 and a two-hundred day moving average price of $164.29. The stock has a market capitalization of $5.62 billion, a P/E ratio of 9.78, a PEG ratio of 0.56 and a beta of 1.20.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Monday, July 29th. The asset manager reported $4.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.60 by $0.07. The business had revenue of $500.30 million for the quarter, compared to analyst estimates of $518.03 million. Affiliated Managers Group had a net margin of 31.51% and a return on equity of 16.50%. Affiliated Managers Group’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the business posted $4.45 EPS. Sell-side analysts anticipate that Affiliated Managers Group, Inc. will post 22.04 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, August 8th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Affiliated Managers Group’s dividend payout ratio is presently 0.22%.

Affiliated Managers Group 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.