Evolve Private Wealth LLC Purchases New Stake in Affiliated Managers Group, Inc. $AMG

Key Points

• Evolve Private Wealth acquired 4,417 AMG shares in the second quarter, valued at approximately $1.5 million. Institutional investors and hedge funds collectively own 95.3% of the company.
• AMG exceeded quarterly expectations, reporting adjusted EPS of $8.29 versus the $7.90 consensus estimate and revenue of $640.7 million, above forecasts of $590.94 million.
• Analysts remain bullish, with AMG carrying a consensus “Buy” rating and a $370.86 average price target; the stock recently traded near $356, while the company declared a $0.01 quarterly dividend.

Evolve Private Wealth LLC acquired a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,417 shares of the asset manager's stock, valued at approximately $1,495,000.

Other large investors have also recently bought and sold shares of the company. Farringdon Capital Ltd. bought a new position in Affiliated Managers Group in the second quarter valued at approximately $212,000. EP Wealth Advisors LLC bought a new stake in Affiliated Managers Group during the second quarter worth $976,000. Ieq Capital LLC acquired a new stake in shares of Affiliated Managers Group in the 2nd quarter valued at $3,058,000. Callan Family Office LLC acquired a new stake in shares of Affiliated Managers Group in the 2nd quarter valued at $2,112,000. Finally, Allworth Financial LP bought a new position in shares of Affiliated Managers Group in the 2nd quarter valued at $155,000. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Up 1.0%

Affiliated Managers Group stock opened at $356.08 on Friday. The firm has a market cap of $9.21 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 0.50 and a beta of 1.11. Affiliated Managers Group, Inc. has a 52-week low of $218.21 and a 52-week high of $392.92. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a 50 day moving average price of $359.29 and a two-hundred day moving average price of $320.17.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The asset manager reported $8.29 earnings per share for the quarter, topping 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 company had revenue of $640.70 million during the quarter, compared to analysts' expectations of $590.94 million. During the same period in the prior year, the company posted $5.39 earnings per share. Affiliated Managers Group's revenue for the quarter was up .0% compared to the same quarter last year. Equities analysts predict that Affiliated Managers Group, Inc. will post 36.69 EPS for the current year.

Affiliated Managers Group Announces Dividend

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

Insider Activity

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

More Affiliated Managers Group News

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.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Zacks Research raised Affiliated Managers Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. Wall Street Zen upgraded Affiliated Managers Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday. TD Cowen reissued a "buy" rating and set a $454.00 target price on shares of Affiliated Managers Group in a research note on Wednesday, May 13th. The Goldman Sachs Group restated a "buy" rating and issued a $405.00 price target on shares of Affiliated Managers Group in a research note on Monday, May 4th. Finally, Barrington Research set a $425.00 price objective on shares of Affiliated Managers Group in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $370.86.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source