BlackRock Inc. Invests $938.29 Million in Affiliated Managers Group, Inc. $AMG

Key Points

• BlackRock acquired a new 2.77 million-share stake in Affiliated Managers Group valued at approximately $938.3 million, giving it a 10.5% ownership position. Institutional investors collectively own 95.3% of AMG.
• AMG reported quarterly EPS of $8.29, beating estimates of $7.90, while revenue reached $640.7 million versus the $590.9 million consensus estimate. Analysts maintain a consensus “Buy” rating with an average price target of $370.86.
• AMG shares opened at $356.08 and trade at roughly 12.3 times earnings, with a one-year range of $218.21 to $392.92. The company declared a quarterly dividend of $0.01 per share, equivalent to a $0.04 annualized payout.

BlackRock Inc. acquired a new stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,772,736 shares of the asset manager's stock, valued at approximately $938,294,000. BlackRock Inc. owned 10.50% of Affiliated Managers Group as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AMG. N.E.W. Advisory Services LLC bought a new position in shares of Affiliated Managers Group during the 2nd quarter valued at about $25,000. Leonteq Securities AG acquired a new position in shares of Affiliated Managers Group in the 4th quarter worth approximately $30,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Affiliated Managers Group in the 2nd quarter worth approximately $48,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Affiliated Managers Group in the 4th quarter worth approximately $42,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Affiliated Managers Group by 45.5% during the first quarter. EverSource Wealth Advisors LLC now owns 179 shares of the asset manager's stock valued at $50,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 95.30% of the company's stock.

Insider Activity at Affiliated Managers Group

In related news, CEO Jay C. Horgen sold 17,500 shares of the business's stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $338.27, for a total value of $5,919,725.00. Following the completion of the sale, the chief executive officer owned 204,706 shares of the company's stock, valued at approximately $69,245,898.62. The trade was a 7.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Annette Franqui bought 750 shares of the firm's stock in a transaction on Monday, June 1st. The stock was acquired at an average cost of $304.88 per share, with a total value of $228,660.00. Following the completion of the transaction, the director directly owned 1,962 shares of the company's stock, valued at approximately $598,174.56. This represents a 61.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. TD Cowen restated a "buy" rating and set a $454.00 target price on shares of Affiliated Managers Group in a report on Wednesday, May 13th. Barrington Research set a $425.00 price target on Affiliated Managers Group in a report on Friday, July 31st. Zacks Research upgraded Affiliated Managers Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $400.00 price objective on shares of Affiliated Managers Group in a research note on Monday, May 4th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Affiliated Managers Group in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $370.86.

Affiliated Managers Group Price Performance

AMG stock opened at $356.08 on Friday. Affiliated Managers Group, Inc. has a one year low of $218.21 and a one year high of $392.92. The firm has a 50-day moving average of $359.29 and a two-hundred day moving average of $320.17. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $9.21 billion, a PE ratio of 12.33, a P/E/G ratio of 0.50 and a beta of 1.11.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The asset manager reported $8.29 EPS for the quarter, beating the consensus estimate of $7.90 by $0.39. Affiliated Managers Group had a net margin of 37.72% and a return on equity of 21.94%. The business had revenue of $640.70 million during the quarter, compared to the consensus estimate of $590.94 million. During the same quarter in the prior year, the firm earned $5.39 EPS. The firm's quarterly revenue was up .0% on a year-over-year basis. On average, analysts forecast that Affiliated Managers Group, Inc. will post 36.69 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, August 10th will be issued a $0.01 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. Affiliated Managers Group's dividend payout ratio is currently 0.14%.

Affiliated Managers Group News Roundup

Here are the key news stories impacting Affiliated Managers Group this week:

• Positive Sentiment: Value appeal remains a key catalyst. Zacks identified AMG as a top long-term value stock based on its Style Scores. The shares trade at approximately 12.3 times earnings, which may appeal to investors seeking relatively inexpensive exposure to asset management. Why Affiliated Managers Group is a Top Value Stock for the Long-Term
• Positive Sentiment: Zacks maintained a “Strong-Buy” rating while raising its FY2026 EPS forecast to $34.67 from $33.01, FY2027 to $34.57 from $34.07, and FY2028 to $39.29 from $39.22. Estimates were also increased for Q4 2026, Q3 2027, Q4 2027 and Q1 2028, signaling improved expectations for earnings growth. Zacks Research earnings estimates
• Positive Sentiment: Recent commentary emphasizes strong fundamentals. An analysis of AMG’s second quarter highlighted solid business fundamentals and potentially undervalued investment-grade bond holdings, while other coverage cited two reasons investors remain attracted to the company. AMG Q2 Analysis
• Neutral Sentiment: Forecast revisions were mixed. Zacks lowered its Q2 2028 EPS estimate to $9.03 from $9.56, partially offsetting the broader upward revisions. Its FY2026 estimate of $34.67 also remains below the broader consensus of $36.25, suggesting some analysts still expect more near-term earnings upside.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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