IFM Investors Pty Ltd purchased a new stake in Affiliated Managers Group, Inc. (NYSE:AMG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 979 shares of the asset manager’s stock, valued at approximately $201,000.

Other institutional investors have also recently bought and sold shares of the company. Douglas Lane & Associates LLC purchased a new stake in shares of Affiliated Managers Group in the 3rd quarter valued at approximately $200,000. BNP Paribas Arbitrage SA grew its stake in shares of Affiliated Managers Group by 31.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 35,948 shares of the asset manager’s stock valued at $6,824,000 after buying an additional 8,641 shares during the period. Rhumbline Advisers grew its stake in shares of Affiliated Managers Group by 2.1% in the 3rd quarter. Rhumbline Advisers now owns 103,393 shares of the asset manager’s stock valued at $19,627,000 after buying an additional 2,148 shares during the period. Nomura Holdings Inc. purchased a new stake in shares of Affiliated Managers Group in the 2nd quarter valued at approximately $712,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Affiliated Managers Group by 16.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 593,301 shares of the asset manager’s stock valued at $112,364,000 after buying an additional 83,018 shares during the period. 95.73% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on AMG. 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. Zacks Investment Research upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $230.00 price objective on the stock in a report on Tuesday, January 2nd. Credit Suisse Group restated a “hold” rating and issued a $215.00 price objective on shares of Affiliated Managers Group in a report on Friday, January 12th. Goldman Sachs Group lowered shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $216.00 price objective on the stock. in a report on Tuesday, January 9th. Finally, Citigroup upgraded shares of Affiliated Managers Group from a “neutral” rating to a “buy” rating in a report on Friday, January 19th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $211.00.

In other Affiliated Managers Group news, CEO Sean M. Healey sold 69,800 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $185.48, for a total transaction of $12,946,504.00. Following the sale, the chief executive officer now directly owns 194,943 shares in the company, valued at approximately $36,158,027.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Peter W. Macewen sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $197.67, for a total transaction of $1,976,700.00. Following the sale, the insider now owns 37,682 shares in the company, valued at $7,448,600.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,585 shares of company stock worth $16,734,012. 1.40% of the stock is owned by company insiders.

Shares of Affiliated Managers Group, Inc. (NYSE AMG) traded down $5.26 during mid-day trading on Monday, hitting $210.50. 109,695 shares of the stock traded hands, compared to its average volume of 293,511. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.61. Affiliated Managers Group, Inc. has a 52-week low of $143.07 and a 52-week high of $216.99. The firm has a market cap of $11,992.35, a price-to-earnings ratio of 23.35, a P/E/G ratio of 0.76 and a beta of 1.71.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Monday, January 29th. The asset manager reported $4.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.50 by $0.18. The company had revenue of $604.10 million for the quarter, compared to analyst estimates of $608.51 million. Affiliated Managers Group had a net margin of 23.29% and a return on equity of 17.63%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.80 EPS. analysts forecast that Affiliated Managers Group, Inc. will post 14.5 EPS for the current fiscal year.

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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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