Affiliated Managers Group, Inc. (NYSE:AMG) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lessened its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,116 shares of the asset manager’s stock after selling 1,828 shares during the quarter. Stifel Financial Corp owned approximately 0.11% of Affiliated Managers Group worth $11,410,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMG. Tributary Capital Management LLC bought a new position in Affiliated Managers Group in the 3rd quarter worth about $100,000. Creative Planning boosted its holdings in shares of Affiliated Managers Group by 15.0% in the second quarter. Creative Planning now owns 705 shares of the asset manager’s stock valued at $117,000 after acquiring an additional 92 shares in the last quarter. Advisor Group Inc. boosted its holdings in shares of Affiliated Managers Group by 46.2% in the second quarter. Advisor Group Inc. now owns 722 shares of the asset manager’s stock valued at $120,000 after acquiring an additional 228 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Affiliated Managers Group by 2.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 755 shares of the asset manager’s stock valued at $125,000 after acquiring an additional 16 shares in the last quarter. Finally, Global X Management Co. LLC boosted its holdings in Affiliated Managers Group by 78.5% during the second quarter. Global X Management Co. LLC now owns 980 shares of the asset manager’s stock worth $163,000 after buying an additional 431 shares in the last quarter. Hedge funds and other institutional investors own 95.65% of the company’s stock.

AMG has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $213.00 target price for the company in a report on Monday, October 2nd. Jefferies Group restated a “buy” rating and issued a $226.00 price target on shares of Affiliated Managers Group in a research report on Thursday, October 12th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $229.00 price target on shares of Affiliated Managers Group in a research report on Thursday, October 12th. Finally, Barrington Research restated an “outperform” rating and issued a $215.00 price target on shares of Affiliated Managers Group in a research report on Wednesday, October 4th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $209.38.

Affiliated Managers Group, Inc. (NYSE AMG) traded down $2.21 during trading hours on Tuesday, reaching $203.04. 273,212 shares of the company were exchanged, compared to its average volume of 283,250. Affiliated Managers Group, Inc. has a 1-year low of $139.52 and a 1-year high of $207.67. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.24. The firm has a market cap of $11,410.00, a price-to-earnings ratio of 21.97, a PEG ratio of 0.97 and a beta of 1.71.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Monday, October 30th. The asset manager reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the business posted $3.02 EPS. equities analysts anticipate that Affiliated Managers Group, Inc. will post 14.47 EPS for the current fiscal year.

In other news, CEO Sean M. Healey sold 69,800 shares of Affiliated Managers Group stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $185.48, for a total transaction of $12,946,504.00. Following the completion of the sale, 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 filing with the SEC, which can be accessed through this link. Also, insider Peter W. Macewen sold 10,000 shares of Affiliated Managers Group stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $197.67, for a total transaction of $1,976,700.00. Following the sale, the insider now owns 37,682 shares of the company’s stock, valued at approximately $7,448,600.94. The disclosure for this sale can be found here. Insiders have sold a total of 89,585 shares of company stock valued at $16,734,012 over the last ninety days. 1.40% of the stock is owned by insiders.

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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.

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

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