Retirement Systems of Alabama Cuts Stock Holdings in Affiliated Managers Group, Inc. $AMG

Key Points

• Retirement Systems of Alabama cut its stake in Affiliated Managers Group (NYSE:AMG) by 11.7% in Q4, selling 11,323 shares and retaining 85,514 shares worth about $24.65 million (≈0.30% ownership).
• Insiders have been selling recently: COO Thomas M. Wojcik sold 8,000 shares at an average $286.30 (~$2.29M) and General Counsel Kavita Padiyar sold 2,200 shares at $278.24 (~$612k), reducing their ownership stakes.
• AMG beat quarterly EPS estimates ($9.48 vs. $8.75) and analysts remain largely positive—seven Buys and one Hold—with a consensus price target of $350.14 while the stock trades near $276.36 (12‑month high $334.78, low $139.22).

Retirement Systems of Alabama reduced its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,514 shares of the asset manager's stock after selling 11,323 shares during the period. Retirement Systems of Alabama owned about 0.30% of Affiliated Managers Group worth $24,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Carrera Capital Advisors purchased a new stake in shares of Affiliated Managers Group during the 3rd quarter worth about $4,295,000. Allianz Asset Management GmbH grew its position in shares of Affiliated Managers Group by 14.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 393,161 shares of the asset manager's stock valued at $93,741,000 after acquiring an additional 50,219 shares during the period. Skandinaviska Enskilda Banken AB publ raised its holdings in Affiliated Managers Group by 103.0% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 20,100 shares of the asset manager's stock worth $4,792,000 after purchasing an additional 10,200 shares during the period. Oliver Luxxe Assets LLC acquired a new position in Affiliated Managers Group in the 3rd quarter worth about $2,673,000. Finally, Paragon Associates & Paragon Associates II Joint Venture acquired a new position in Affiliated Managers Group in the 3rd quarter worth about $5,357,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO Thomas M. Wojcik sold 8,000 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $286.30, for a total value of $2,290,400.00. Following the completion of the sale, the chief operating officer directly owned 159,465 shares in the company, valued at $45,654,829.50. This represents a 4.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Kavita Padiyar sold 2,200 shares of the firm's stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $278.24, for a total transaction of $612,128.00. Following the completion of the transaction, the general counsel directly owned 42,672 shares in the company, valued at approximately $11,873,057.28. This represents a 4.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 4.20% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the company. TD Cowen reissued a "buy" rating on shares of Affiliated Managers Group in a report on Wednesday, January 14th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Affiliated Managers Group in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft set a $408.00 target price on Affiliated Managers Group and gave the company a "buy" rating in a research report on Friday, February 13th. Wall Street Zen raised shares of Affiliated Managers Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 21st. Finally, Zacks Research cut shares of Affiliated Managers Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 15th. Seven 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $350.14.

Affiliated Managers Group Price Performance

NYSE:AMG opened at $276.36 on Wednesday. Affiliated Managers Group, Inc. has a 12 month low of $139.22 and a 12 month high of $334.78. The stock has a 50 day moving average of $299.46 and a two-hundred day moving average of $276.64. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.64. The firm has a market cap of $7.37 billion, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 0.45 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its earnings results on Thursday, February 12th. The asset manager reported $9.48 earnings per share for the quarter, beating the consensus estimate of $8.75 by $0.73. The business had revenue of $556.60 million for the quarter, compared to the consensus estimate of $578.54 million. Affiliated Managers Group had a return on equity of 18.45% and a net margin of 34.55%.The business's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $6.53 earnings per share. On average, analysts expect that Affiliated Managers Group, Inc. will post 22.86 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

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

Affiliated Managers Group 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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