Invst LLC Has $807,000 Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Invst LLC boosted its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 6.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,208 shares of the asset manager’s stock after acquiring an additional 310 shares during the period. Invst LLC’s holdings in Affiliated Managers Group were worth $807,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AMG. Creative Planning lifted its position in shares of Affiliated Managers Group by 4.5% during the 2nd quarter. Creative Planning now owns 6,483 shares of the asset manager’s stock worth $1,013,000 after purchasing an additional 281 shares during the last quarter. Algert Global LLC increased its position in Affiliated Managers Group by 74.8% in the 2nd quarter. Algert Global LLC now owns 89,254 shares of the asset manager’s stock worth $13,944,000 after buying an additional 38,206 shares during the period. SkyView Investment Advisors LLC lifted its holdings in shares of Affiliated Managers Group by 8.3% during the second quarter. SkyView Investment Advisors LLC now owns 5,681 shares of the asset manager’s stock worth $887,000 after buying an additional 434 shares during the last quarter. Goodman Advisory Group LLC bought a new stake in shares of Affiliated Managers Group in the second quarter valued at approximately $50,000. Finally, Susquehanna Fundamental Investments LLC grew its stake in shares of Affiliated Managers Group by 35.4% in the second quarter. Susquehanna Fundamental Investments LLC now owns 33,109 shares of the asset manager’s stock worth $5,173,000 after acquiring an additional 8,660 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors.

Affiliated Managers Group Trading Down 0.3 %

NYSE AMG opened at $176.28 on Monday. Affiliated Managers Group, Inc. has a 1-year low of $120.22 and a 1-year high of $189.81. The stock’s 50 day moving average is $171.84 and its two-hundred day moving average is $164.31. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.56 and a beta of 1.20.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Monday, July 29th. The asset manager reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.60 by $0.07. Affiliated Managers Group had a return on equity of 16.50% and a net margin of 31.51%. The firm had revenue of $500.30 million during the quarter, compared to analyst estimates of $518.03 million. During the same period in the prior year, the company posted $4.45 earnings per share. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, analysts predict that Affiliated Managers Group, Inc. will post 22.04 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.22%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, COO Thomas M. Wojcik sold 4,786 shares of the business’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 transaction, the chief operating officer now directly owns 84,392 shares of the company’s stock, valued at approximately $14,575,342.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Affiliated Managers Group news, CEO Jay C. Horgen sold 9,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 377,276 shares in the company, valued at approximately $64,883,926.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $826,590.06. Following the transaction, the chief operating officer now owns 84,392 shares in the company, valued at $14,575,342.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,408 shares of company stock valued at $3,865,068. 1.90% of the stock is currently owned by insiders.

About Affiliated Managers Group

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.