Shares of the company are trading at $174.03 just above the 50 day moving average which is $158.75 and which is marginally over the 200 day moving average of $157.85. The 50 day moving average was up $15.28 or +9.63% and the 200 day average was up $16.18. Trading was light with 469K shares changing hands on Thursday. Volume was down 20.12% under the stocks average daily volume.
Here is the rundown on market activity for Affiliated Managers Group, Inc. (NYSE:AMG). Director Dwight D. Churchill let go of 3,277 shares at an average price of $163.30 on Mon the 5th. That brings Churchill’s holdings to $657,119 as reported to the SEC. Director Patrick T. Ryan disclosed the sale of 8,902 shares. 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.
CEO Sean M. Healey sold 62,000 shares at a price of $155.11 on December 15th. That brings the CEO’s holdings to $14,868,845 per an SEC filing yesterday.
The following firms have also recently changed their position in AMG. Morgan Stanley reduced its ownership by shedding 42,924 shares a decrease of 95.4% in the quarter. Morgan Stanley now holds 2,076 shares worth $341,000. The value of the position overall is down by 94.8%. As of the end of the quarter Tower Research Capital LLC (trc) had disposed of 1,726 shares trimming its position 94.5%. The value of the investment in Affiliated Managers Group, Inc. decreased from $265,000 to $16,000 a change of $249,000 since the last quarter.
Schroder Investment Management Group bolstered its position by buying 8,621 shares an increase of 22.0% from 12/31/2016 to 03/31/2017. Schroder Investment Management Group now controls 47,758 shares valued at $7,829,000. The total value of its holdings increased 37.7%. As of quarter end Goldman Sachs Group Inc had sold a total of 602 shares trimming its holdings by 32.6%. The value of the company’s investment in Affiliated Managers Group, Inc. went from $268,000 to $204,000 decreasing 23.9% quarter over quarter.
On November 4 the company was set at “Hold” according to a Deutsche Bank report which was a cut from the previous “Buy” rating. On October 11 Jefferies held the stock rating at “Buy” and lowered the price expectation from $195.00 to $193.00.
October 5 investment analysts at Deutsche Bank maintained a stock rating of “Buy” but lowered the price expectation to $188.00 from $191.00. On September 9 Deutsche Bank left the stock rating at “Buy” but moved down the price target to $191.00 from $194.00.
On July 18 Deutsche Bank kept the company rating at “Buy” and moved down the price target to $194.00 from $207.00. On July 11 Jefferies left the company rating at “Buy” and lowered the price target from $232.00 to $195.00.
The company is trading up by 1.39 percent from yesterday’s close. The company announced a dividend that was paid on Thursday the 25th of May 2017. The dividend was $0.200 per share for the quarter or $0.80 annualized. The dividend yield was $0.46. The ex-dividend date was set for Tuesday the 9th of May 2017.
The company currently has a P/E ratio of 19.80 and the market value is 9.85B. In the last earnings report the EPS was $8.79 and is projected to be $14.54 for the current year with 56,602,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $3.28 with next year’s EPS anticipated to be $16.29.
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..