SG Americas Securities LLC Has $3.45 Million Stake in Affiliated Managers Group, Inc. (AMG)

SG Americas Securities LLC grew its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 78.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,177 shares of the asset manager’s stock after purchasing an additional 8,009 shares during the quarter. SG Americas Securities LLC’s holdings in Affiliated Managers Group were worth $3,451,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in AMG. Capstone Asset Management Co. raised its holdings in shares of Affiliated Managers Group by 10.2% in the 2nd quarter. Capstone Asset Management Co. now owns 3,796 shares of the asset manager’s stock valued at $630,000 after purchasing an additional 351 shares in the last quarter. Creative Planning raised its holdings in shares of Affiliated Managers Group by 15.0% in the 2nd quarter. Creative Planning now owns 705 shares of the asset manager’s stock valued at $117,000 after purchasing an additional 92 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Affiliated Managers Group by 90.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,220 shares of the asset manager’s stock valued at $202,000 after purchasing an additional 580 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its holdings in shares of Affiliated Managers Group by 529.6% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 9,205 shares of the asset manager’s stock valued at $1,527,000 after purchasing an additional 7,743 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in Affiliated Managers Group by 6.4% during the 2nd quarter. LS Investment Advisors LLC now owns 2,528 shares of the asset manager’s stock worth $419,000 after acquiring an additional 151 shares in the last quarter. Institutional investors and hedge funds own 97.43% of the company’s stock.

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Affiliated Managers Group, Inc. (NYSE:AMG) traded up $0.59 during midday trading on Tuesday, reaching $186.68. 203,500 shares of the company’s stock were exchanged, compared to its average volume of 416,379. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $10,340.00, a price-to-earnings ratio of 13.53, a PEG ratio of 0.88 and a beta of 1.70. Affiliated Managers Group, Inc. has a one year low of $139.52 and a one year high of $198.40.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Monday, October 30th. The asset manager reported $3.41 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 net margin of 23.29% and a return on equity of 17.63%. Affiliated Managers Group’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business posted $3.02 earnings per share. research analysts anticipate that Affiliated Managers Group, Inc. 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. Stockholders of record on Thursday, November 9th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Wednesday, November 8th. Affiliated Managers Group’s payout ratio is 8.66%.

In other news, Director Patrick T. Ryan sold 7,705 shares of Affiliated Managers Group stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $185.27, for a total value of $1,427,505.35. Following 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dwight D. Churchill sold 2,080 shares of Affiliated Managers Group stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $184.28, for a total transaction of $383,302.40. Following the completion of the sale, the director now directly owns 6,104 shares in the company, valued at approximately $1,124,845.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,585 shares of company stock worth $14,757,312. Insiders own 1.40% of the company’s stock.

Several equities research analysts recently commented on AMG shares. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $229.00 price target on shares of Affiliated Managers Group in a research note on Thursday, October 12th. Zacks Investment Research upgraded 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 note on Monday, October 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $226.00 price target on shares of Affiliated Managers Group in a research note on Thursday, October 12th. Credit Suisse Group lifted their price target on shares of Affiliated Managers Group from $205.00 to $223.00 and gave the stock an “outperform” rating in a research note on Friday, August 11th. Finally, BidaskClub lowered shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $207.25.

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.

Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

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