Schwab Charles Investment Management Inc. boosted its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 2.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 260,870 shares of the asset manager’s stock after buying an additional 7,257 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.47% of Affiliated Managers Group worth $49,521,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AMG. The Manufacturers Life Insurance Company grew its stake in shares of Affiliated Managers Group by 60.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,591,358 shares of the asset manager’s stock worth $595,663,000 after purchasing an additional 1,359,805 shares during the period. EdgePoint Investment Group Inc. grew its stake in Affiliated Managers Group by 42.2% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 1,932,316 shares of the asset manager’s stock valued at $320,494,000 after acquiring an additional 573,066 shares during the period. Amundi Pioneer Asset Management Inc. grew its stake in Affiliated Managers Group by 156.0% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 714,516 shares of the asset manager’s stock valued at $135,637,000 after acquiring an additional 435,440 shares during the period. Janus Henderson Group PLC grew its stake in Affiliated Managers Group by 333.2% in the 2nd quarter. Janus Henderson Group PLC now owns 518,866 shares of the asset manager’s stock valued at $86,059,000 after acquiring an additional 399,083 shares during the period. Finally, FMR LLC grew its stake in Affiliated Managers Group by 33.8% in the 2nd quarter. FMR LLC now owns 1,146,357 shares of the asset manager’s stock valued at $190,134,000 after acquiring an additional 289,885 shares during the period. 95.78% of the stock is owned by institutional investors.

In other Affiliated Managers Group news, CEO Sean M. Healey sold 69,800 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $185.48, for a total value of $12,946,504.00. Following the transaction, the chief executive officer now owns 194,943 shares in the company, valued at approximately $36,158,027.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick T. Ryan sold 7,705 shares of Affiliated Managers Group stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $185.27, for a total value of $1,427,505.35. Following the transaction, the director now owns 6,797 shares in the company, valued at approximately $1,259,280.19. The disclosure for this sale can be found here. Insiders sold a total of 79,585 shares of company stock worth $14,757,312 in the last 90 days. 1.40% of the stock is currently owned by insiders.

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) traded up $0.98 during mid-day trading on Thursday, reaching $197.99. The company’s stock had a trading volume of 194,700 shares, compared to its average volume of 409,700. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.24. The stock has a market cap of $10,950.19, a price-to-earnings ratio of 14.33, a P/E/G ratio of 0.93 and a beta of 1.71. Affiliated Managers Group, Inc. has a 12 month low of $139.52 and a 12 month high of $202.09.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, October 30th. The asset manager reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.36 by $0.05. The company had revenue of $585.70 million for the quarter, compared to analyst estimates of $586.55 million. Affiliated Managers Group had a return on equity of 17.63% and a net margin of 23.29%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.02 EPS. equities research analysts predict that Affiliated Managers Group, Inc. will post 14.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $0.80 dividend on an annualized basis and a yield of 0.40%. Affiliated Managers Group’s payout ratio is currently 8.66%.

A number of equities research analysts recently issued reports on the stock. Barrington Research reissued an “outperform” rating and issued a $215.00 price target on shares of Affiliated Managers Group in a research note on Wednesday, October 4th. They noted that the move was a valuation call. Jefferies Group reissued a “buy” rating and issued a $200.00 price target on shares of Affiliated Managers Group in a research note on Friday, August 18th. Zacks Investment Research cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Credit Suisse Group lifted their price target on shares of Affiliated Managers Group from $205.00 to $223.00 and gave the company an “outperform” rating in a research note on Friday, August 11th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $229.00 price target on shares of Affiliated Managers Group in a research note on Thursday, October 12th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $207.25.

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Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

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