Affiliated Managers Group, Inc. (NYSE:AMG) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its stake in Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 43.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,951 shares of the asset manager's stock after acquiring an additional 24,119 shares during the quarter. Assenagon Asset Management S.A. owned about 0.25% of Affiliated Managers Group worth $14,215,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Altshuler Shaham Ltd purchased a new stake in shares of Affiliated Managers Group in the second quarter valued at $28,000. UMB Bank n.a. lifted its position in Affiliated Managers Group by 481.3% during the third quarter. UMB Bank n.a. now owns 186 shares of the asset manager's stock worth $33,000 after buying an additional 154 shares during the period. Denali Advisors LLC lifted its position in Affiliated Managers Group by 429.2% during the first quarter. Denali Advisors LLC now owns 254 shares of the asset manager's stock worth $43,000 after buying an additional 206 shares during the period. Daiwa Securities Group Inc. purchased a new position in Affiliated Managers Group during the second quarter worth about $47,000. Finally, Goodman Advisory Group LLC purchased a new position in shares of Affiliated Managers Group in the 2nd quarter worth about $50,000. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. StockNews.com downgraded Affiliated Managers Group from a "buy" rating to a "hold" rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised their price objective on Affiliated Managers Group from $202.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, August 15th. TD Cowen raised their price objective on Affiliated Managers Group from $201.00 to $226.00 and gave the stock a "buy" rating in a report on Tuesday, July 30th. Barrington Research raised their price objective on Affiliated Managers Group from $190.00 to $210.00 and gave the stock an "outperform" rating in a report on Monday, July 29th. Finally, Bank of America raised their price objective on Affiliated Managers Group from $200.00 to $201.00 and gave the stock a "neutral" rating in a report on Tuesday, July 30th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $210.50.

Affiliated Managers Group Stock Performance

Shares of AMG stock traded up $1.28 during trading hours on Friday, reaching $191.35. The company had a trading volume of 157,952 shares, compared to its average volume of 241,069. Affiliated Managers Group, Inc. has a twelve month low of $121.56 and a twelve month high of $196.69. The company has a market capitalization of $6.10 billion, a P/E ratio of 10.62, a price-to-earnings-growth ratio of 0.58 and a beta of 1.20. The stock's fifty day simple moving average is $178.01 and its 200 day simple moving average is $167.37.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last posted its earnings results on Monday, July 29th. The asset manager reported $4.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $500.30 million during the quarter, compared to analyst estimates of $518.03 million. During the same quarter last year, the firm earned $4.45 earnings per share. The company's revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, equities analysts expect that Affiliated Managers Group, Inc. will post 21.98 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

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

Insider Buying and Selling at Affiliated Managers Group

In other Affiliated Managers Group news, COO Thomas M. Wojcik sold 4,786 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $172.71, for a total transaction of $826,590.06. Following the completion of the sale, the chief operating officer now owns 84,392 shares in the company, valued at $14,575,342.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Rizwan M. Jamal sold 8,622 shares of Affiliated Managers Group stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $172.89, for a total value of $1,490,657.58. Following the completion of the transaction, the insider now owns 128,457 shares in the company, valued at approximately $22,208,930.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Thomas M. Wojcik sold 4,786 shares of Affiliated Managers Group stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $172.71, for a total value of $826,590.06. Following the completion of the transaction, the chief operating officer now owns 84,392 shares of the company's stock, valued at approximately $14,575,342.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,408 shares of company stock worth $3,865,068 in the last 90 days. 1.90% of the stock is owned by corporate insiders.

About Affiliated Managers Group

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.