CWC Advisors LLC. Takes Position in Affiliated Managers Group, Inc. (NYSE:AMG)

CWC Advisors LLC. acquired a new stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,692 shares of the asset manager's stock, valued at approximately $1,901,000. Affiliated Managers Group makes up about 1.9% of CWC Advisors LLC.'s holdings, making the stock its 12th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new position in shares of Affiliated Managers Group during the second quarter worth $28,000. UMB Bank n.a. grew its position in Affiliated Managers Group by 481.3% during the 3rd quarter. UMB Bank n.a. now owns 186 shares of the asset manager's stock worth $33,000 after acquiring an additional 154 shares during the last quarter. Denali Advisors LLC increased its holdings in Affiliated Managers Group by 429.2% in the 1st quarter. Denali Advisors LLC now owns 254 shares of the asset manager's stock worth $43,000 after purchasing an additional 206 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in Affiliated Managers Group in the second quarter valued at about $47,000. Finally, Goodman Advisory Group LLC acquired a new stake in shares of Affiliated Managers Group during the second quarter valued at about $50,000. Institutional investors own 95.30% of the company's stock.

Affiliated Managers Group Stock Up 0.7 %

AMG traded up $1.28 during trading on Friday, reaching $191.35. 157,952 shares of the stock traded hands, compared to its average volume of 241,069. The stock's 50-day moving average is $178.01 and its 200 day moving average is $167.37. Affiliated Managers Group, Inc. has a 12 month low of $121.56 and a 12 month high of $196.69. The stock has a market capitalization of $6.10 billion, a PE ratio of 10.62, a P/E/G ratio of 0.58 and a beta of 1.20.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last announced its earnings results on Monday, July 29th. The asset manager reported $4.67 EPS for the quarter, beating the consensus estimate of $4.60 by $0.07. Affiliated Managers Group had a return on equity of 16.50% and a net margin of 31.51%. The company had revenue of $500.30 million for the quarter, compared to analyst estimates of $518.03 million. During the same quarter in the prior year, the company earned $4.45 EPS. The firm's revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Affiliated Managers Group, Inc. will post 21.98 EPS for the current year.

Affiliated Managers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group's payout ratio is presently 0.22%.

Insider Buying and Selling

In other Affiliated Managers Group news, CEO Jay C. Horgen sold 9,000 shares of Affiliated Managers Group stock in a transaction on Monday, August 19th. The shares were sold at an average price of $171.98, for a total value of $1,547,820.00. Following the completion of the sale, the chief executive officer now directly owns 377,276 shares of the company's stock, valued at approximately $64,883,926.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Affiliated Managers Group news, CEO Jay C. Horgen sold 9,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 377,276 shares in the company, valued at approximately $64,883,926.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rizwan M. Jamal sold 8,622 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at $22,208,930.73. This trade 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 valued at $3,865,068 over the last ninety days. 1.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AMG has been the subject of several recent research reports. Bank of America upped their price objective on Affiliated Managers Group from $200.00 to $201.00 and gave the company a "neutral" rating in a research note on Tuesday, July 30th. StockNews.com downgraded shares of Affiliated Managers Group from a "buy" rating to a "hold" rating in a research note on Tuesday, July 30th. TD Cowen boosted their price objective on shares of Affiliated Managers Group from $201.00 to $226.00 and gave the stock a "buy" rating in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised their target price on Affiliated Managers Group from $202.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, August 15th. Finally, Barrington Research increased their price target on Affiliated Managers Group from $190.00 to $210.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $210.50.

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.