Asset Management One Co. Ltd. Takes Position in Affiliated Managers Group, Inc. $AMG

Key Points

• Asset Management One bought a new stake of 5,920 shares in Affiliated Managers Group (NYSE:AMG) worth about $1.73 million in Q4, and institutional investors now own roughly 95.3% of the stock.
• Wall Street sentiment is largely positive — seven Buy ratings and one Hold give a consensus "Moderate Buy" with an average price target of $350.14.
• Affiliated Managers Group reported an EPS beat ($9.48 vs. $8.75) and trades at a P/E of 12.33 with a $7.56B market cap, while insiders (including the general counsel and COO) sold shares in March, trimming their holdings by about 4.9% and 4.8% respectively.

Asset Management One Co. Ltd. bought a new stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,920 shares of the asset manager's stock, valued at approximately $1,729,000.

Several other institutional investors and hedge funds also recently bought and sold shares of AMG. Root Financial Partners LLC bought a new position in Affiliated Managers Group in the 3rd quarter worth approximately $33,000. Meeder Asset Management Inc. bought a new position in Affiliated Managers Group in the 3rd quarter worth approximately $34,000. Hantz Financial Services Inc. boosted its holdings in Affiliated Managers Group by 189.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 142 shares of the asset manager's stock worth $34,000 after buying an additional 93 shares during the period. Millstone Evans Group LLC boosted its holdings in Affiliated Managers Group by 41.9% in the 3rd quarter. Millstone Evans Group LLC now owns 176 shares of the asset manager's stock worth $42,000 after buying an additional 52 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in Affiliated Managers Group by 1,237.5% in the 3rd quarter. Global Retirement Partners LLC now owns 214 shares of the asset manager's stock worth $51,000 after buying an additional 198 shares during the period. 95.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMG has been the subject of several analyst reports. Wall Street Zen downgraded shares of Affiliated Managers Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, April 4th. Deutsche Bank Aktiengesellschaft set a $408.00 price objective on shares of Affiliated Managers Group and gave the stock a "buy" rating in a report on Friday, February 13th. The Goldman Sachs Group raised their price objective on shares of Affiliated Managers Group from $300.00 to $341.00 and gave the stock a "buy" rating in a report on Tuesday, January 6th. TD Cowen reaffirmed a "buy" rating on shares of Affiliated Managers Group in a report on Thursday, April 9th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Affiliated Managers Group in a report on Wednesday, January 21st. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $350.14.

Insiders Place Their Bets

In other news, General Counsel Kavita Padiyar sold 2,200 shares of Affiliated Managers Group stock in a transaction on Monday, March 9th. The shares were sold at an average price of $278.24, for a total transaction of $612,128.00. Following the completion of the sale, the general counsel directly owned 42,672 shares of the company's stock, valued at approximately $11,873,057.28. The trade was a 4.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Thomas M. Wojcik sold 8,000 shares of Affiliated Managers Group stock in a transaction on Friday, March 6th. The stock was sold at an average price of $286.30, for a total transaction of $2,290,400.00. Following the sale, the chief operating officer directly owned 159,465 shares of the company's stock, valued at $45,654,829.50. This represents a 4.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.20% of the company's stock.

Affiliated Managers Group Stock Performance

NYSE AMG opened at $284.67 on Friday. Affiliated Managers Group, Inc. has a 52-week low of $159.51 and a 52-week high of $334.78. 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 company has a market capitalization of $7.56 billion, a P/E ratio of 12.33, a P/E/G ratio of 0.55 and a beta of 1.20. The company has a fifty day moving average of $290.58 and a 200-day moving average of $281.80.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The asset manager reported $9.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.75 by $0.73. Affiliated Managers Group had a net margin of 34.55% and a return on equity of 18.45%. The company had revenue of $556.60 million during the quarter, compared to the consensus estimate of $578.54 million. During the same period in the previous year, the firm posted $6.53 EPS. The firm's revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts predict that Affiliated Managers Group, Inc. will post 30.49 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, February 23rd were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Monday, February 23rd. Affiliated Managers Group's payout ratio is currently 0.17%.

Affiliated Managers Group Company Profile

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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