Affiliated Managers Group, Inc. (AMG) Shares Bought by OLD National Bancorp IN

OLD National Bancorp IN boosted its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,340 shares of the asset manager’s stock after purchasing an additional 264 shares during the quarter. OLD National Bancorp IN’s holdings in Affiliated Managers Group were worth $894,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. South Dakota Investment Council grew its holdings in Affiliated Managers Group by 204.2% during the 1st quarter. South Dakota Investment Council now owns 21,600 shares of the asset manager’s stock worth $2,314,000 after acquiring an additional 14,500 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in Affiliated Managers Group by 1.7% during the 1st quarter. Crossmark Global Holdings Inc. now owns 6,867 shares of the asset manager’s stock worth $736,000 after acquiring an additional 114 shares during the last quarter. Nicollet Investment Management Inc. grew its holdings in Affiliated Managers Group by 19.8% during the 1st quarter. Nicollet Investment Management Inc. now owns 3,030 shares of the asset manager’s stock worth $325,000 after acquiring an additional 500 shares during the last quarter. Candriam Luxembourg S.C.A. grew its holdings in Affiliated Managers Group by 13.3% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 3,060 shares of the asset manager’s stock worth $328,000 after acquiring an additional 360 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Affiliated Managers Group by 153.9% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 15,645 shares of the asset manager’s stock worth $1,676,000 after acquiring an additional 9,484 shares during the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.

A number of equities research analysts have commented on AMG shares. Jefferies Financial Group lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and set a $109.87 price objective on the stock. in a report on Tuesday, January 29th. Zacks Investment Research upgraded shares of Affiliated Managers Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. ValuEngine upgraded shares of Affiliated Managers Group from a “strong sell” rating to a “sell” rating in a research report on Friday, March 15th. Barrington Research restated a “buy” rating and set a $135.00 target price on shares of Affiliated Managers Group in a research report on Tuesday, April 30th. Finally, Deutsche Bank cut their target price on shares of Affiliated Managers Group from $111.00 to $103.00 and set a “hold” rating on the stock in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $130.86.

In other Affiliated Managers Group news, insider Jay C. Horgen purchased 11,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was bought at an average cost of $93.19 per share, with a total value of $1,025,090.00. Following the purchase, the insider now directly owns 115,527 shares of the company’s stock, valued at $10,765,961.13. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Tracy P. Palandjian sold 1,694 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $110.64, for a total transaction of $187,424.16. Following the transaction, the director now directly owns 4,291 shares of the company’s stock, valued at $474,756.24. The disclosure for this sale can be found here. 1.43% of the stock is owned by company insiders.

NYSE AMG opened at $91.34 on Wednesday. Affiliated Managers Group, Inc. has a 52-week low of $88.46 and a 52-week high of $169.88. The company has a market cap of $4.65 billion, a P/E ratio of 6.30, a price-to-earnings-growth ratio of 0.64 and a beta of 1.49.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Monday, May 6th. The asset manager reported $3.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.27 by ($0.01). Affiliated Managers Group had a positive return on equity of 17.72% and a negative net margin of 4.77%. The business had revenue of $543.10 million for the quarter, compared to the consensus estimate of $541.42 million. During the same period in the previous year, the company posted $3.92 earnings per share. Affiliated Managers Group’s revenue for the quarter was down 11.3% compared to the same quarter last year. On average, analysts anticipate that Affiliated Managers Group, Inc. will post 13.92 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.40%. Affiliated Managers Group’s dividend payout ratio is currently 8.83%.

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Affiliated Managers Group Profile

Affiliated Managers Group, Inc, through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.

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

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