Affiliated Managers Group, Inc. (NYSE:AMG) Short Interest Update

Affiliated Managers Group, Inc. (NYSE:AMG) saw a significant decline in short interest in September. As of September 30th, there was short interest totalling 467,400 shares, a decline of 36.3% from the September 15th total of 733,500 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily trading volume, of 210,200 shares, the short-interest ratio is currently 2.2 days.

Insider Buying and Selling at Affiliated Managers Group

In other news, insider Rizwan M. Jamal sold 8,622 shares of Affiliated Managers Group stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $172.89, for a total value of $1,490,657.58. Following the sale, the insider now owns 128,457 shares in the company, valued at $22,208,930.73. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Rizwan M. Jamal sold 8,622 shares of Affiliated Managers Group stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $172.89, for a total value of $1,490,657.58. Following the sale, the insider now owns 128,457 shares in the company, valued at $22,208,930.73. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Thomas M. Wojcik sold 4,786 shares of Affiliated Managers Group stock in a transaction dated Friday, August 16th. The shares were 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 approximately $14,575,342.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,408 shares of company stock valued at $3,865,068. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Affiliated Managers Group

A number of large investors have recently bought and sold shares of the business. Ensign Peak Advisors Inc boosted its stake in Affiliated Managers Group by 0.6% during the 2nd quarter. Ensign Peak Advisors Inc now owns 9,902 shares of the asset manager’s stock worth $1,547,000 after purchasing an additional 60 shares during the period. Blair William & Co. IL raised its position in Affiliated Managers Group by 0.5% during the 1st quarter. Blair William & Co. IL now owns 12,924 shares of the asset manager’s stock worth $2,164,000 after buying an additional 69 shares during the last quarter. Kendall Capital Management raised its position in Affiliated Managers Group by 2.5% during the 2nd quarter. Kendall Capital Management now owns 4,135 shares of the asset manager’s stock worth $646,000 after buying an additional 100 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Affiliated Managers Group by 1.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,854 shares of the asset manager’s stock worth $1,189,000 after buying an additional 135 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in Affiliated Managers Group by 4.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,261 shares of the asset manager’s stock worth $546,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Price Performance

Shares of Affiliated Managers Group stock traded up $1.76 during trading hours on Friday, hitting $188.00. The company had a trading volume of 112,000 shares, compared to its average volume of 245,228. The company’s 50-day moving average is $172.73 and its two-hundred day moving average is $165.58. Affiliated Managers Group has a twelve month low of $120.22 and a twelve month high of $189.83. The company has a market cap of $5.99 billion, a P/E ratio of 10.44, a price-to-earnings-growth ratio of 0.58 and a beta of 1.20.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Monday, July 29th. The asset manager reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.60 by $0.07. Affiliated Managers Group had a net margin of 31.51% and a return on equity of 16.50%. The business had revenue of $500.30 million during the quarter, compared to analysts’ expectations of $518.03 million. During the same quarter in the prior year, the business posted $4.45 EPS. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. Sell-side analysts expect that Affiliated Managers Group will post 21.98 EPS for the current year.

Affiliated Managers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Thursday, August 8th. Affiliated Managers Group’s dividend payout ratio is currently 0.22%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. StockNews.com lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Bank of America boosted their price target on shares of Affiliated Managers Group from $200.00 to $201.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Affiliated Managers Group from $202.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. TD Cowen boosted their price target on shares of Affiliated Managers Group from $201.00 to $226.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Finally, Barrington Research boosted their price target on shares of Affiliated Managers Group from $190.00 to $210.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Affiliated Managers Group currently has a consensus rating of “Moderate Buy” and an average target price of $210.50.

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.