Robeco Institutional Asset Management B.V. Invests $3.83 Million in Affiliated Managers Group, Inc. $AMG

Key Points

• Robeco Institutional Asset Management B.V. invested approximately $3.83 million to acquire 19,476 shares of Affiliated Managers Group, Inc. during the second quarter, representing around 0.07% ownership in the company.
• Affiliated Managers Group reported quarterly earnings of $5.39 EPS, surpassing analysts' expectations, despite a year-over-year revenue decline of 1.4% to $493.20 million.
• The company declared a quarterly dividend of $0.01 per share, leading to an annualized yield of 0.0%, with a dividend payout ratio currently at 0.29%.

Robeco Institutional Asset Management B.V. purchased a new position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,476 shares of the asset manager's stock, valued at approximately $3,832,000. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Affiliated Managers Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMG. Millennium Management LLC lifted its holdings in shares of Affiliated Managers Group by 314.3% in the first quarter. Millennium Management LLC now owns 1,265,655 shares of the asset manager's stock worth $212,668,000 after buying an additional 960,158 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Affiliated Managers Group in the first quarter worth about $16,060,000. LSV Asset Management lifted its holdings in shares of Affiliated Managers Group by 10.4% in the first quarter. LSV Asset Management now owns 468,084 shares of the asset manager's stock worth $78,652,000 after buying an additional 44,090 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Affiliated Managers Group by 10.2% in the first quarter. Northern Trust Corp now owns 385,292 shares of the asset manager's stock worth $64,741,000 after buying an additional 35,681 shares in the last quarter. Finally, Brandywine Global Investment Management LLC lifted its holdings in shares of Affiliated Managers Group by 55.3% in the first quarter. Brandywine Global Investment Management LLC now owns 76,293 shares of the asset manager's stock worth $12,820,000 after buying an additional 27,165 shares in the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Affiliated Managers Group Price Performance

Shares of NYSE AMG opened at $244.75 on Tuesday. Affiliated Managers Group, Inc. has a one year low of $139.22 and a one year high of $250.15. The firm's 50 day simple moving average is $227.35 and its two-hundred day simple moving average is $196.38. The stock has a market capitalization of $6.95 billion, a P/E ratio of 17.86, a PEG ratio of 0.63 and a beta of 1.21.

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

Affiliated Managers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 11th were given 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 was Monday, August 11th. Affiliated Managers Group's dividend payout ratio (DPR) is presently 0.29%.

Insider Buying and Selling

In other Affiliated Managers Group news, COO Thomas M. Wojcik sold 16,000 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $231.03, for a total transaction of $3,696,480.00. Following the transaction, the chief operating officer directly owned 158,710 shares in the company, valued at $36,666,771.30. This trade represents a 9.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMG. Weiss Ratings reissued a "buy (b-)" rating on shares of Affiliated Managers Group in a report on Saturday, September 27th. Zacks Research upgraded shares of Affiliated Managers Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 22nd. Wall Street Zen upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. Cowen upgraded shares of Affiliated Managers Group from a "hold" rating to a "buy" rating in a research report on Monday, August 4th. Finally, Barrington Research restated an "outperform" rating and issued a $240.00 price objective on shares of Affiliated Managers Group in a research report on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $263.60.

Affiliated Managers Group 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.

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