Amalgamated Bank Has $2.51 Million Stock Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Amalgamated Bank reduced its position in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 29.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 14,102 shares of the asset manager's stock after selling 5,883 shares during the period. Amalgamated Bank's holdings in Affiliated Managers Group were worth $2,507,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. increased its stake in shares of Affiliated Managers Group by 94.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 10,594 shares of the asset manager's stock valued at $1,884,000 after buying an additional 5,142 shares during the period. New York State Common Retirement Fund boosted its position in shares of Affiliated Managers Group by 6.7% in the 3rd quarter. New York State Common Retirement Fund now owns 185,147 shares of the asset manager's stock worth $32,919,000 after purchasing an additional 11,565 shares during the last quarter. US Bancorp DE boosted its position in shares of Affiliated Managers Group by 4.7% in the 3rd quarter. US Bancorp DE now owns 3,585 shares of the asset manager's stock worth $637,000 after purchasing an additional 160 shares during the last quarter. Custom Index Systems LLC boosted its position in shares of Affiliated Managers Group by 79.9% in the 3rd quarter. Custom Index Systems LLC now owns 5,196 shares of the asset manager's stock worth $924,000 after purchasing an additional 2,307 shares during the last quarter. Finally, CWC Advisors LLC. bought a new position in shares of Affiliated Managers Group in the 3rd quarter worth $1,901,000. 95.30% of the stock is owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Performance

AMG stock traded up $1.88 during midday trading on Monday, hitting $186.83. 114,234 shares of the company's stock were exchanged, compared to its average volume of 201,428. The stock's fifty day moving average price is $181.40 and its 200-day moving average price is $169.48. The company has a market cap of $5.57 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 0.65 and a beta of 1.18. Affiliated Managers Group, Inc. has a one year low of $129.99 and a one year high of $199.52.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its earnings results on Monday, November 4th. The asset manager reported $4.82 earnings per share for the quarter, missing the consensus estimate of $4.84 by ($0.02). The business had revenue of $525.20 million for the quarter, compared to the consensus estimate of $521.87 million. Affiliated Managers Group had a return on equity of 16.76% and a net margin of 27.02%. The business's revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.08 earnings per share. On average, analysts expect that Affiliated Managers Group, Inc. will post 21.25 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be issued a $0.01 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group's dividend payout ratio (DPR) is 0.26%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMG. Barrington Research reduced their price target on Affiliated Managers Group from $210.00 to $200.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. StockNews.com lowered Affiliated Managers Group from a "buy" rating to a "hold" rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised their price target on Affiliated Managers Group from $204.00 to $208.00 and gave the stock a "buy" rating in a research report on Monday. TD Cowen lowered Affiliated Managers Group from a "buy" rating to a "hold" rating and reduced their price target for the stock from $226.00 to $177.00 in a research report on Tuesday, November 5th. Finally, Bank of America lifted their target price on Affiliated Managers Group from $200.00 to $201.00 and gave the stock a "neutral" rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $196.50.

Insider Activity

In other news, CEO Jay C. Horgen sold 9,000 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $171.98, for a total value of $1,547,820.00. Following the sale, the chief executive officer now directly owns 377,276 shares in the company, valued at $64,883,926.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Jay C. Horgen sold 9,000 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $171.98, for a total value of $1,547,820.00. Following the sale, the chief executive officer now directly owns 377,276 shares in the company, valued at $64,883,926.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Rizwan M. Jamal sold 8,622 shares of Affiliated Managers Group stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $172.89, for a total value of $1,490,657.58. Following the completion of the sale, the insider now directly owns 128,457 shares in the company, valued at approximately $22,208,930.73. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,408 shares of company stock worth $3,865,068 over the last three months. Corporate insiders own 1.90% of the company's stock.

Affiliated Managers Group Company 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.