Affiliated Managers Group, Inc. (AMG) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 20.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 410,381 shares of the asset manager’s stock after selling 108,485 shares during the period. Janus Henderson Group PLC owned approximately 0.74% of Affiliated Managers Group worth $77,901,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of AMG. Strs Ohio increased its position in Affiliated Managers Group by 69.2% in the 2nd quarter. Strs Ohio now owns 3,693 shares of the asset manager’s stock valued at $612,000 after buying an additional 1,511 shares in the last quarter. Pictet Asset Management Ltd. increased its position in Affiliated Managers Group by 1.7% in the 2nd quarter. Pictet Asset Management Ltd. now owns 29,415 shares of the asset manager’s stock valued at $4,526,000 after buying an additional 500 shares in the last quarter. Global X Management Co. LLC increased its position in Affiliated Managers Group by 78.5% in the 2nd quarter. Global X Management Co. LLC now owns 980 shares of the asset manager’s stock valued at $163,000 after buying an additional 431 shares in the last quarter. Advisors Asset Management Inc. increased its position in Affiliated Managers Group by 39.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,613 shares of the asset manager’s stock valued at $268,000 after buying an additional 457 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Affiliated Managers Group by 31.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 26,085 shares of the asset manager’s stock valued at $4,326,000 after buying an additional 6,268 shares in the last quarter. 95.93% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Sean M. Healey sold 69,800 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $185.48, for a total value of $12,946,504.00. Following the transaction, the chief executive officer now owns 194,943 shares in the company, valued at approximately $36,158,027.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight D. Churchill sold 2,080 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $184.28, for a total value of $383,302.40. Following the completion of the transaction, the director now owns 6,104 shares in the company, valued at approximately $1,124,845.12. The disclosure for this sale can be found here. Insiders sold a total of 89,585 shares of company stock worth $16,734,012 in the last 90 days. Company insiders own 1.40% of the company’s stock.

A number of analysts recently commented on AMG shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $229.00 target price on shares of Affiliated Managers Group in a research report on Thursday, October 12th. Zacks Investment Research raised Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $213.00 target price for the company in a research report on Monday, October 2nd. Jefferies Group reaffirmed a “buy” rating and issued a $226.00 target price on shares of Affiliated Managers Group in a research report on Thursday, October 12th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $215.00 target price on shares of Affiliated Managers Group in a research report on Wednesday, October 4th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Affiliated Managers Group currently has an average rating of “Buy” and a consensus price target of $207.25.

Shares of Affiliated Managers Group, Inc. (NYSE AMG) opened at $198.64 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market capitalization of $10,793.45, a P/E ratio of 14.12, a price-to-earnings-growth ratio of 0.91 and a beta of 1.71. Affiliated Managers Group, Inc. has a twelve month low of $139.52 and a twelve month high of $202.09.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Monday, October 30th. The asset manager reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $3.36 by $0.05. The firm had revenue of $585.70 million during 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 company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.02 EPS. sell-side analysts predict that Affiliated Managers Group, Inc. will post 14.45 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Thursday, November 9th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.40%. Affiliated Managers Group’s payout ratio is presently 8.66%.

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

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