Susquehanna Fundamental Investments LLC Has $6.61 Million Position in Affiliated Managers Group, Inc. $AMG

Key Points

• Susquehanna Fundamental Investments increased its Affiliated Managers Group position by 163.1% in the second quarter, holding 19,530 shares worth approximately $6.61 million. Institutional investors collectively own 95.3% of AMG.
• Analysts remain broadly positive, with one Strong Buy and seven Buy ratings; the stock has a consensus Buy rating and an average price target of $370.86.
• AMG exceeded quarterly earnings expectations, reporting $8.29 in EPS versus the $7.90 consensus and revenue of $640.7 million versus estimates of $590.94 million. Shares opened at $368.63, near their 12-month high of $392.92.

Susquehanna Fundamental Investments LLC raised its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 163.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,530 shares of the asset manager's stock after buying an additional 12,106 shares during the quarter. Susquehanna Fundamental Investments LLC owned 0.08% of Affiliated Managers Group worth $6,609,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new position in Affiliated Managers Group during the second quarter worth about $25,000. Leonteq Securities AG acquired a new position in shares of Affiliated Managers Group during the 4th quarter worth approximately $30,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Affiliated Managers Group during the second quarter worth approximately $48,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Affiliated Managers Group during the fourth quarter worth approximately $42,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Affiliated Managers Group by 45.5% in the first quarter. EverSource Wealth Advisors LLC now owns 179 shares of the asset manager's stock valued at $50,000 after buying an additional 56 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AMG shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Affiliated Managers Group in a research note on Friday, June 26th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $400.00 price target on shares of Affiliated Managers Group in a research note on Monday, May 4th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $405.00 price objective on shares of Affiliated Managers Group in a research note on Monday, May 4th. Wall Street Zen downgraded Affiliated Managers Group from a "strong-buy" rating to a "buy" rating in a report on Sunday. Finally, Zacks Research upgraded shares of Affiliated Managers Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $370.86.

Affiliated Managers Group Stock Down 0.6%

Shares of NYSE AMG opened at $368.63 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. The firm has a market cap of $9.53 billion, a PE ratio of 12.77, a P/E/G ratio of 0.50 and a beta of 1.11. The company's fifty day simple moving average is $360.80 and its 200 day simple moving average is $322.83. Affiliated Managers Group, Inc. has a 12-month low of $223.44 and a 12-month high of $392.92.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The asset manager reported $8.29 earnings per share for the quarter, beating the consensus estimate of $7.90 by $0.39. The firm had revenue of $640.70 million for the quarter, compared to analyst estimates of $590.94 million. Affiliated Managers Group had a net margin of 37.72% and a return on equity of 21.94%. The business's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.39 earnings per share. As a group, sell-side analysts forecast that Affiliated Managers Group, Inc. will post 36.69 earnings per share for the current fiscal year.

Affiliated Managers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 10th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend was Monday, August 10th. Affiliated Managers Group's dividend payout ratio (DPR) is 0.14%.

Insider Activity at Affiliated Managers Group

In other news, CEO Jay C. Horgen sold 17,500 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 204,706 shares in the company, valued at $69,245,898.62. The trade was a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.

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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