Cognios Capital LLC Invests $360,000 in Affiliated Managers Group, Inc. (NYSE:AMG)

Cognios Capital LLC purchased a new stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,754 shares of the asset manager’s stock, valued at approximately $360,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Advisor Group Inc. raised its position in shares of Affiliated Managers Group by 46.2% in the 2nd quarter. Advisor Group Inc. now owns 722 shares of the asset manager’s stock worth $120,000 after acquiring an additional 228 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Affiliated Managers Group during the second quarter valued at approximately $12,766,000. Dimensional Fund Advisors LP raised its holdings in shares of Affiliated Managers Group by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 295,233 shares of the asset manager’s stock valued at $48,967,000 after acquiring an additional 767 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Affiliated Managers Group in the second quarter valued at approximately $302,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Affiliated Managers Group in the second quarter valued at approximately $712,000. Institutional investors own 94.81% of the company’s stock.

Affiliated Managers Group, Inc. (NYSE AMG) traded up $1.63 during trading on Friday, reaching $191.79. The company’s stock had a trading volume of 366,922 shares, compared to its average volume of 532,324. Affiliated Managers Group, Inc. has a one year low of $148.81 and a one year high of $216.99. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.54 and a current ratio of 0.59. The firm has a market capitalization of $10,660.07, a PE ratio of 15.89, a PEG ratio of 0.69 and a beta of 1.57.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Monday, January 29th. The asset manager reported $4.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.55 by $0.13. Affiliated Managers Group had a return on equity of 18.61% and a net margin of 29.92%. The company had revenue of $604.10 million for the quarter, compared to analysts’ expectations of $608.51 million. During the same period last year, the firm earned $3.80 earnings per share. Affiliated Managers Group’s quarterly revenue was up 9.8% on a year-over-year basis. analysts anticipate that Affiliated Managers Group, Inc. will post 17.58 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, February 8th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, February 7th. This is a boost from Affiliated Managers Group’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a dividend yield of 0.63%. Affiliated Managers Group’s dividend payout ratio (DPR) is 6.63%.

Affiliated Managers Group declared that its board has initiated a stock repurchase plan on Monday, January 29th that authorizes the company to repurchase 3,400,000 shares. This repurchase authorization authorizes the asset manager to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Several equities research analysts recently commented on the company. Deutsche Bank raised Affiliated Managers Group from a “hold” rating to a “buy” rating and cut their price target for the company from $216.00 to $215.00 in a report on Tuesday, February 13th. Credit Suisse Group lowered Affiliated Managers Group from an “outperform” rating to a “neutral” rating and set a $220.00 price objective for the company. in a research report on Wednesday, January 3rd. Citigroup increased their price objective on Affiliated Managers Group from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Barrington Research increased their price objective on Affiliated Managers Group to $240.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. They noted that the move was a valuation call. Finally, Goldman Sachs Group lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $216.00 price target for the company. in a research report on Tuesday, January 9th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Affiliated Managers Group presently has a consensus rating of “Buy” and a consensus price target of $228.25.

In other news, insider Peter W. Macewen sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $197.67, for a total value of $1,976,700.00. Following the completion of the transaction, the insider now directly owns 37,682 shares in the company, valued at $7,448,600.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.40% of the company’s stock.

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Affiliated Managers Group Profile

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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