Affiliated Managers Group (NYSE:AMG) Director Rodriguez Felix Matos Sells 1,000 Shares

Key Points

• Director Rodriguez Felix Matos sold 1,000 shares of Affiliated Managers Group at an average price of $300.18, reducing his holdings by 18.63% to 4,369 shares. The transaction was worth $300,180 and was disclosed in an SEC filing.
• AMG reported stronger-than-expected quarterly results, with EPS of $8.23 versus the $8.10 consensus and revenue of $544.9 million, up 9.7% year over year. The company also posted a 35.55% net margin and 19.92% return on equity.
• Analysts remain mostly positive on the stock, with seven Buy ratings and one Hold, giving AMG a consensus “Moderate Buy” rating and a target price of $362.29. Recent targets from major firms ranged from $365 to $454 per share.

Affiliated Managers Group, Inc. (NYSE:AMG - Get Free Report) Director Rodriguez Felix Matos sold 1,000 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $300.18, for a total value of $300,180.00. Following the sale, the director directly owned 4,369 shares of the company's stock, valued at $1,311,486.42. The trade was a 18.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Affiliated Managers Group Stock Performance

Affiliated Managers Group stock traded up $5.03 during mid-day trading on Friday, reaching $302.79. 339,903 shares of the company were exchanged, compared to its average volume of 396,394. Affiliated Managers Group, Inc. has a twelve month low of $172.54 and a twelve month high of $334.78. The firm has a market cap of $8.04 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 0.53 and a beta of 1.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.34 and a current ratio of 1.34. The firm's 50-day simple moving average is $287.55 and its two-hundred day simple moving average is $285.63.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its earnings results on Friday, May 1st. The asset manager reported $8.23 EPS for the quarter, topping the consensus estimate of $8.10 by $0.13. Affiliated Managers Group had a net margin of 35.55% and a return on equity of 19.92%. The company had revenue of $544.90 million during the quarter, compared to analysts' expectations of $544.01 million. During the same quarter last year, the business earned $5.37 EPS. The business's revenue was up 9.7% on a year-over-year basis. Equities analysts predict that Affiliated Managers Group, Inc. will post 34.23 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Monday, May 11th. Affiliated Managers Group's dividend payout ratio (DPR) is 0.16%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AMG shares. Barrington Research restated an "outperform" rating and issued a $365.00 target price on shares of Affiliated Managers Group in a research note on Monday, April 27th. Wall Street Zen cut Affiliated Managers Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, April 4th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $400.00 price target on shares of Affiliated Managers Group in a report on Monday. The Goldman Sachs Group reissued a "buy" rating and issued a $405.00 price target on shares of Affiliated Managers Group in a report on Monday. Finally, TD Cowen reduced their price target on Affiliated Managers Group to $454.00 and set a "buy" rating for the company in a report on Monday. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Affiliated Managers Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $362.29.

Institutional Trading of Affiliated Managers Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Leonteq Securities AG acquired a new stake in shares of Affiliated Managers Group in the fourth quarter valued at about $30,000. Root Financial Partners LLC acquired a new stake in shares of Affiliated Managers Group in the third quarter valued at about $33,000. Meeder Asset Management Inc. acquired a new position in Affiliated Managers Group during the third quarter worth $34,000. Hantz Financial Services Inc. raised its holdings in Affiliated Managers Group by 189.8% during the third quarter. Hantz Financial Services Inc. now owns 142 shares of the asset manager's stock worth $34,000 after purchasing an additional 93 shares during the last quarter. Finally, Millstone Evans Group LLC raised its holdings in Affiliated Managers Group by 41.9% during the third quarter. Millstone Evans Group LLC now owns 176 shares of the asset manager's stock worth $42,000 after purchasing an additional 52 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company's stock.

About Affiliated Managers Group

Affiliated Managers Group, Inc NYSE: AMG is a global asset management holding company that partners with boutique investment firms. Founded in 1993 and headquartered in West Palm Beach, Florida, AMG invests in and collaborates with independent investment managers to foster growth while preserving their entrepreneurial culture. Through equity stakes and strategic support, the company aims to enhance its affiliates' distribution capabilities, operational infrastructure and access to capital.

The company's core business activities include providing capital solutions, distribution services and operational support to affiliated investment firms.

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