Inspire Investing LLC Sells 4,445 Shares of Affiliated Managers Group, Inc. $AMG

Key Points

• Inspire Investing reduced its Affiliated Managers Group stake by 24.2% in the third quarter, selling 4,445 shares and retaining 13,920 shares valued at approximately $5.1 million.
• Institutional ownership remains high at 95.3%, with several investors—including Crossmark Global Holdings and CWA Asset Management—raising their positions during the quarter.
• Analysts maintain a generally positive outlook, with six Buy ratings and one Hold rating producing a “Moderate Buy” consensus and an average price target of $388.33. AMG recently traded at $383.14 after reporting quarterly EPS and revenue above estimates.

Inspire Investing LLC decreased its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 24.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,920 shares of the asset manager's stock after selling 4,445 shares during the period. Inspire Investing LLC owned 0.05% of Affiliated Managers Group worth $5,089,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in shares of Affiliated Managers Group in the 3rd quarter worth $75,000. Crossmark Global Holdings Inc. boosted its stake in Affiliated Managers Group by 61.5% during the third quarter. Crossmark Global Holdings Inc. now owns 23,602 shares of the asset manager's stock valued at $8,629,000 after buying an additional 8,989 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Affiliated Managers Group by 1.1% during the third quarter. Quadrant Capital Group LLC now owns 3,262 shares of the asset manager's stock valued at $1,236,000 after buying an additional 37 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Affiliated Managers Group by 3.3% during the third quarter. Nisa Investment Advisors LLC now owns 8,609 shares of the asset manager's stock worth $3,148,000 after acquiring an additional 278 shares during the period. Finally, CWA Asset Management Group LLC grew its holdings in Affiliated Managers Group by 37.0% during the third quarter. CWA Asset Management Group LLC now owns 7,537 shares of the asset manager's stock worth $2,756,000 after acquiring an additional 2,036 shares during the period. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AMG shares. Barrington Research set a $425.00 price target on shares of Affiliated Managers Group in a research report on Friday, July 31st. Wall Street Zen lowered shares of Affiliated Managers Group from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 30th. TD Cowen lifted their price objective on shares of Affiliated Managers Group from $512.00 to $523.00 and gave the stock a "buy" rating in a research note on Monday, October 12th. Zacks Research downgraded shares of Affiliated Managers Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 29th. Finally, Weiss Ratings raised shares of Affiliated Managers Group from a "buy (b)" rating to a "buy (b+)" rating in a research note on Thursday, October 8th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Affiliated Managers Group has an average rating of "Moderate Buy" and a consensus target price of $388.33.

Affiliated Managers Group Trading Down 3.1%

NYSE AMG opened at $383.14 on Friday. Affiliated Managers Group, Inc. has a twelve month low of $235.04 and a twelve month high of $399.00. 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 stock has a market cap of $9.91 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 0.51 and a beta of 1.07. The firm's 50 day moving average price is $369.03 and its two-hundred day moving average price is $344.00.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its earnings results on Thursday, July 30th. The asset manager reported $8.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.90 by $0.39. The company had revenue of $640.70 million during the quarter, compared to analyst estimates of $590.94 million. Affiliated Managers Group had a return on equity of 21.94% and a net margin of 37.72%. The company's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.39 earnings per share. Equities analysts anticipate that Affiliated Managers Group, Inc. will post 36.87 EPS for the current year.

Affiliated Managers Group Profile

Affiliated Managers Group, Inc NYSE: AMG is a global asset management company that partners with a diverse group of independent investment management firms. Rather than managing a single centralized investment platform, AMG provides strategic, operational and distribution support to its affiliates while allowing them to retain their distinct investment philosophies, brands and day-to-day management.

Through its affiliated firms, AMG offers a broad range of investment strategies, including equities, fixed income, alternatives, multi-asset portfolios and wealth management solutions.

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