Livforsakringsbolaget Skandia Omsesidigt Has $9.67 Million Position in Affiliated Managers Group, Inc. $AMG

Livforsakringsbolaget Skandia Omsesidigt raised its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 9.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 34,950 shares of the asset manager’s stock after buying an additional 3,100 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Affiliated Managers Group were worth $9,671,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AMG. Goldman Sachs Group Inc. raised its holdings in Affiliated Managers Group by 1.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 113,353 shares of the asset manager’s stock valued at $19,047,000 after buying an additional 1,428 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Affiliated Managers Group by 4.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 141,733 shares of the asset manager’s stock worth $23,815,000 after acquiring an additional 6,262 shares during the last quarter. Jane Street Group LLC bought a new stake in Affiliated Managers Group during the 1st quarter worth approximately $1,947,000. American Century Companies Inc. increased its position in Affiliated Managers Group by 1.2% in the 2nd quarter. American Century Companies Inc. now owns 8,552 shares of the asset manager’s stock valued at $1,683,000 after acquiring an additional 104 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Affiliated Managers Group by 89.9% during the second quarter. EverSource Wealth Advisors LLC now owns 281 shares of the asset manager’s stock valued at $55,000 after acquiring an additional 133 shares during the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Annette Franqui acquired 750 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were purchased at an average price of $304.88 per share, for a total transaction of $228,660.00. Following the completion of the acquisition, the director owned 1,962 shares of the company’s stock, valued at approximately $598,174.56. This trade represents a 61.88% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Christopher Ryan sold 3,402 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $305.06, for a total transaction of $1,037,814.12. Following the transaction, the director directly owned 1,092 shares in the company, valued at $333,125.52. This trade represents a 75.70% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 21,902 shares of company stock valued at $7,257,719. 2.90% of the stock is currently owned by corporate insiders.

Affiliated Managers Group Trading Up 1.8%

NYSE AMG opened at $366.38 on Wednesday. The business has a 50 day simple moving average of $329.73 and a 200 day simple moving average of $309.14. Affiliated Managers Group, Inc. has a one year low of $199.59 and a one year high of $369.94. The stock has a market capitalization of $9.68 billion, a P/E ratio of 14.82, a P/E/G ratio of 0.58 and a beta of 1.12. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.79 and a quick ratio of 1.79.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Friday, May 1st. The asset manager reported $8.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.10 by $0.13. The firm had revenue of $544.90 million for the quarter, compared to analyst estimates of $544.01 million. Affiliated Managers Group had a return on equity of 20.17% and a net margin of 35.55%.The company’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.37 earnings per share. Research analysts expect that Affiliated Managers Group, Inc. will post 35.37 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Monday, May 11th. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.16%.

Analyst Ratings Changes

A number of brokerages have recently commented on AMG. Weiss Ratings reiterated a “buy (b)” rating on shares of Affiliated Managers Group in a report on Friday, June 26th. Barrington Research restated an “outperform” rating and issued a $365.00 price objective on shares of Affiliated Managers Group in a report on Monday, April 27th. TD Cowen reaffirmed a “buy” rating and set a $454.00 target price on shares of Affiliated Managers Group in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $400.00 target price on shares of Affiliated Managers Group in a report on Monday, May 4th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $405.00 price target on shares of Affiliated Managers Group in a research report on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Affiliated Managers Group presently has an average rating of “Moderate Buy” and a consensus price target of $362.29.

About Affiliated Managers Group

Affiliated Managers Group, Inc (NYSE: AMG) is a global asset management holding company that partners with boutique investment firms. Founded in 1993 and headquartered in West Palm Beach, Florida, AMG invests in and collaborates with independent investment managers to foster growth while preserving their entrepreneurial culture. Through equity stakes and strategic support, the company aims to enhance its affiliates’ distribution capabilities, operational infrastructure and access to capital.

The company’s core business activities include providing capital solutions, distribution services and operational support to affiliated investment firms.