In the market the company is trading up by 1.39% since yesterday’s close of $171.65. It is currently trading at $174.03 a bit higher than $158.75, the stock’s 50 day moving average and which is just a bit higher than the 200 day moving average of $157.85. The 50 day moving average moved up $15.28 whereas the 200 day moving average was up $16.18 or +10.25%.
Here is the rundown on market activity for Affiliated Managers Group, Inc. (NYSE:AMG). Dwight D. Churchill, Director reported the sale of 3,277 shares. The shares were sold on June 5th for an average price of $163.30. Churchill now owns $657,119 of the stock per the Form 4 SEC filing. Patrick T. Ryan, Director disclosed the sale of 8,902 shares of AMG stock. The shares were purchased at an average price of $152.89. The Director now owns $721,182 of the stock according to the SEC filing.
Sean M. Healey, CEO disclosed the sale of 62,000 shares of (AMG). The shares sold for $155.11. The CEO now owns $14,868,845 of the stock per the Form 4 SEC filing.
Affiliated Managers Group, Inc., launched on December 29, 1993, is an asset management company with equity investments in boutique investment management firms (Affiliates). The Company is focused on investing around the globe in investment management firms that manage active return-oriented strategies, including traditional, alternative and wealth management firms. The Company operates through three business 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. The equity method investments in the Mutual Fund distribution channel are made in advisory or sub-advisory relationships with active return-oriented mutual funds, Undertakings for Collective Investment in Transferable Securities (UCITS) and other retail products. The equity method investments in the High Net Worth distribution channel are made in relationships with high net worth and ultra-high net worth individuals, families, trusts, foundations, endowments and retirement plans..
These firms have also modified their investment in AMG. As of the end of the quarter Morgan Stanley had sold 42,924 shares trimming its position 95.4%. The value of the company’s investment in Affiliated Managers Group, Inc. decreased from $6,539,000 to $341,000 decreasing 94.8% for the reporting period. As of quarter end Tower Research Capital LLC (trc) had disposed of a total of 1,726 shares trimming its holdings by 94.5%. The value of the investment in AMG went from $265,000 to $16,000 a change of $249,000 quarter over quarter.
As of the end of the quarter Schroder Investment Management Group had acquired a total of 8,621 shares growing its stake by 22.0%. The value of the investment in Affiliated Managers Group, Inc. went from $5,687,000 to $7,829,000 a change of 37.7% since the last quarter. Goldman Sachs Group Inc downsized its investment by shedding 602 shares a decrease of 32.6% from 12/31/2016 to 03/31/2017. Goldman Sachs Group Inc currently owns 1,242 shares with a value of $204,000. The value of the position overall is down by 23.9%.
On November 4 the stock rating was downgraded from “Buy” to “Hold” in a statement from Deutsche Bank. October 11 investment analysts at Jefferies made no change to the company rating of “Buy” but lowered the price expectation from $195.00 to $193.00.
On October 5 Deutsche Bank maintained a company rating of “Buy” and moved down the price target to $188.00 from $191.00. On September 9 Deutsche Bank left the stock rating at “Buy” and lowered the price expectation from $194.00 to $191.00.
July 18 investment analysts at Deutsche Bank made no change to the stock rating of “Buy” but lowered the price target from $207.00 to $194.00. July 11 investment analysts at Jefferies maintained a stock rating of “Buy” but moved down the price target from $232.00 to $195.00.
Affiliated Managers Group, Inc. recently declared a dividend for shareholders paid on Thursday the 25th of May 2017. The dividend payment was $0.200 per share for the quarter or $0.80 on an annualized basis. The dividend yield was $0.47. The ex-dividend date was set for Tuesday the 9th of May 2017.
Affiliated Managers Group, Inc.’s P/E ratio is 19.80 and the market value is 9.85B. In the latest earnings report the EPS was $8.79 and is expected to be $14.62 for the current year with 56,602,000 shares outstanding. Analysts expect next quarter’s EPS to be $3.28 with next year’s EPS projected to be $16.29.