Seascape Capital Management Raises Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Seascape Capital Management boosted its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 0.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 16,152 shares of the asset manager’s stock after acquiring an additional 151 shares during the quarter. Seascape Capital Management’s holdings in Affiliated Managers Group were worth $2,872,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Ariel Investments LLC boosted its position in shares of Affiliated Managers Group by 8.7% during the 2nd quarter. Ariel Investments LLC now owns 1,442,817 shares of the asset manager’s stock worth $225,411,000 after purchasing an additional 115,808 shares during the period. Victory Capital Management Inc. grew its stake in shares of Affiliated Managers Group by 150.1% in the second quarter. Victory Capital Management Inc. now owns 99,407 shares of the asset manager’s stock valued at $15,530,000 after buying an additional 59,659 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Affiliated Managers Group by 36.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 177,530 shares of the asset manager’s stock valued at $29,731,000 after buying an additional 47,239 shares during the period. Algert Global LLC lifted its stake in Affiliated Managers Group by 74.8% during the 2nd quarter. Algert Global LLC now owns 89,254 shares of the asset manager’s stock worth $13,944,000 after acquiring an additional 38,206 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Affiliated Managers Group by 59.1% during the 2nd quarter. Renaissance Technologies LLC now owns 90,200 shares of the asset manager’s stock valued at $14,092,000 after acquiring an additional 33,500 shares during the period. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Affiliated Managers Group

In related news, COO Thomas M. Wojcik sold 4,786 shares of the stock in a transaction on Friday, August 16th. The shares were 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 $14,575,342.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Rizwan M. Jamal sold 8,622 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $172.89, for a total value of $1,490,657.58. Following the completion of the sale, the insider now owns 128,457 shares in the company, valued at $22,208,930.73. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Thomas M. Wojcik sold 4,786 shares of the firm’s stock in a transaction 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 directly owns 84,392 shares in the company, valued at $14,575,342.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,408 shares of company stock worth $3,865,068. 1.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on AMG shares. Barrington Research cut their price target on shares of Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Affiliated Managers Group from $219.00 to $204.00 and set a “buy” rating on the stock in a report on Tuesday. StockNews.com downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Bank of America increased their price objective on Affiliated Managers Group from $200.00 to $201.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Finally, TD Cowen cut Affiliated Managers Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $226.00 to $177.00 in a research note on Tuesday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $195.50.

Affiliated Managers Group Trading Up 1.0 %

Affiliated Managers Group stock opened at $184.95 on Friday. The company has a fifty day simple moving average of $181.14 and a 200-day simple moving average of $169.19. The stock has a market cap of $5.51 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. Affiliated Managers Group, Inc. has a 12-month low of $129.57 and a 12-month high of $199.52.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Monday, November 4th. The asset manager reported $4.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.84 by ($0.02). Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. The business had revenue of $525.20 million for the quarter, compared to analyst estimates of $521.87 million. During the same period in the prior year, the company posted $4.08 earnings per share. The company’s revenue was up 1.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Affiliated Managers Group, Inc. will post 22.02 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. Affiliated Managers Group’s payout ratio is currently 0.26%.

Affiliated Managers Group Company 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.