Livforsakringsbolaget Skandia Omsesidigt Has $5.55 Million Stock Position in Affiliated Managers Group, Inc. $AMG

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Affiliated Managers Group by 144.6% in the second quarter, now owning 28,250 shares valued at approximately $5.55 million.
• Affiliated Managers Group reported earnings of $5.39 per share for the latest quarter, exceeding estimates, while also announcing a quarterly dividend of $0.01.
• Several institutional investors have significantly raised their positions in Affiliated Managers Group, leading to institutional ownership reaching 95.30% of the company.

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 144.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,250 shares of the asset manager's stock after purchasing an additional 16,700 shares during the period. Livforsakringsbolaget Skandia Omsesidigt owned 0.10% of Affiliated Managers Group worth $5,550,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its position in shares of Affiliated Managers Group by 18.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 53,727 shares of the asset manager's stock valued at $9,028,000 after purchasing an additional 8,361 shares in the last quarter. Private Trust Co. NA grew its holdings in Affiliated Managers Group by 38.1% in the first quarter. Private Trust Co. NA now owns 301 shares of the asset manager's stock worth $51,000 after purchasing an additional 83 shares during the period. Farther Finance Advisors LLC grew its holdings in Affiliated Managers Group by 785.2% in the first quarter. Farther Finance Advisors LLC now owns 1,859 shares of the asset manager's stock worth $315,000 after purchasing an additional 1,649 shares during the period. XTX Topco Ltd lifted its stake in shares of Affiliated Managers Group by 189.9% in the first quarter. XTX Topco Ltd now owns 14,695 shares of the asset manager's stock worth $2,469,000 after buying an additional 9,626 shares in the last quarter. Finally, Goodman Financial Corp lifted its position in Affiliated Managers Group by 1.6% during the first quarter. Goodman Financial Corp now owns 80,806 shares of the asset manager's stock valued at $13,578,000 after purchasing an additional 1,301 shares during the period. Hedge funds and other institutional investors own 95.30% of the company's stock.

Affiliated Managers Group Trading Down 0.5%

NYSE:AMG traded down $1.26 during trading hours on Friday, reaching $243.08. 328,724 shares of the company were exchanged, compared to its average volume of 193,661. The stock's 50-day moving average is $220.64 and its 200-day moving average is $190.19. The firm has a market cap of $6.91 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 0.65 and a beta of 1.19. Affiliated Managers Group, Inc. has a twelve month low of $139.22 and a twelve month high of $245.96.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The asset manager reported $5.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.26 by $0.13. The firm had revenue of $493.20 million during the quarter, compared to analyst estimates of $506.46 million. Affiliated Managers Group had a net margin of 21.79% and a return on equity of 16.11%. Affiliated Managers Group's quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.67 earnings per share. As a group, research analysts anticipate that Affiliated Managers Group, Inc. will post 22.86 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 11th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Monday, August 11th. Affiliated Managers Group's dividend payout ratio (DPR) is 0.29%.

Wall Street Analyst Weigh In

AMG has been the topic of several recent research reports. Cowen upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Monday, August 4th. TD Cowen raised shares of Affiliated Managers Group from a "hold" rating to a "buy" rating and raised their target price for the company from $214.00 to $255.00 in a research note on Monday, August 4th. The Goldman Sachs Group upgraded shares of Affiliated Managers Group from a "neutral" rating to a "buy" rating and increased their price objective for the company from $197.00 to $218.00 in a research report on Friday, June 27th. Wall Street Zen lowered shares of Affiliated Managers Group from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Finally, Barrington Research reissued an "outperform" rating and set a $200.00 target price on shares of Affiliated Managers Group in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $242.40.

Insider Buying and Selling

In other Affiliated Managers Group news, COO Thomas M. Wojcik sold 16,000 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $231.03, for a total value of $3,696,480.00. Following the completion of the sale, the chief operating officer owned 158,710 shares of the company's stock, valued at approximately $36,666,771.30. This trade represents a 9.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.20% of the company's stock.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc, through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.