Affiliated Managers Group, Inc. (AMG) Holdings Lifted by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA grew its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 31.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 35,948 shares of the asset manager’s stock after buying an additional 8,641 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.06% of Affiliated Managers Group worth $6,824,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Affiliated Managers Group by 5.1% in the second quarter. Vanguard Group Inc. now owns 5,574,012 shares of the asset manager’s stock worth $924,505,000 after buying an additional 270,929 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Affiliated Managers Group by 60.9% during the second quarter. The Manufacturers Life Insurance Company now owns 3,591,358 shares of the asset manager’s stock valued at $595,663,000 after buying an additional 1,359,805 shares during the last quarter. State Street Corp increased its holdings in Affiliated Managers Group by 6.7% during the second quarter. State Street Corp now owns 2,757,345 shares of the asset manager’s stock valued at $457,334,000 after buying an additional 174,278 shares during the last quarter. Atlanta Capital Management Co. L L C increased its holdings in Affiliated Managers Group by 0.6% during the second quarter. Atlanta Capital Management Co. L L C now owns 1,973,612 shares of the asset manager’s stock valued at $327,343,000 after buying an additional 10,982 shares during the last quarter. Finally, EdgePoint Investment Group Inc. increased its holdings in Affiliated Managers Group by 42.2% during the second quarter. EdgePoint Investment Group Inc. now owns 1,932,316 shares of the asset manager’s stock valued at $320,494,000 after buying an additional 573,066 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

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AMG has been the subject of a number of research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $229.00 target price on shares of Affiliated Managers Group in a report on Thursday, October 12th. Zacks Investment Research raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $213.00 target price for the company in a report on Monday, October 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $226.00 target price on shares of Affiliated Managers Group in a report on Thursday, October 12th. Credit Suisse Group upped their price target on shares of Affiliated Managers Group from $205.00 to $223.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Finally, BidaskClub lowered shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $207.25.

Affiliated Managers Group, Inc. (NYSE AMG) opened at $185.49 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.61. Affiliated Managers Group, Inc. has a 12-month low of $139.52 and a 12-month high of $198.40. The firm has a market cap of $10,269.87, a price-to-earnings ratio of 13.44, a P/E/G ratio of 0.87 and a beta of 1.70.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Monday, October 30th. The asset manager reported $3.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.36 by $0.05. Affiliated Managers Group had a net margin of 23.29% and a return on equity of 17.63%. The business had revenue of $585.70 million during the quarter, compared to analyst estimates of $586.55 million. During the same quarter last year, the business earned $3.02 earnings per share. Affiliated Managers Group’s quarterly revenue was up 7.5% compared to the same quarter last year. analysts expect that Affiliated Managers Group, Inc. will post 14.44 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $0.80 annualized dividend and a yield of 0.43%. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 8.66%.

In other Affiliated Managers Group news, Director Dwight D. Churchill sold 2,080 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $184.28, for a total transaction of $383,302.40. Following the completion of the transaction, the director now owns 6,104 shares in the company, valued at $1,124,845.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick T. Ryan sold 7,705 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $185.27, for a total transaction of $1,427,505.35. Following the transaction, the director now owns 6,797 shares of the company’s stock, valued at approximately $1,259,280.19. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

About Affiliated Managers Group

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

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

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