Affiliated Managers Group, Inc. (AMG) Stake Decreased by Maple Capital Management Inc.

Maple Capital Management Inc. reduced its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 19.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,540 shares of the asset manager’s stock after selling 625 shares during the period. Maple Capital Management Inc.’s holdings in Affiliated Managers Group were worth $421,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. State of Alaska Department of Revenue purchased a new position in Affiliated Managers Group during the first quarter worth approximately $104,000. Creative Planning raised its position in Affiliated Managers Group by 15.0% in the second quarter. Creative Planning now owns 705 shares of the asset manager’s stock worth $117,000 after buying an additional 92 shares in the last quarter. Financial Architects Inc raised its position in Affiliated Managers Group by 5,340.0% in the first quarter. Financial Architects Inc now owns 816 shares of the asset manager’s stock worth $134,000 after buying an additional 801 shares in the last quarter. FNY Partners Fund LP purchased a new position in Affiliated Managers Group during the first quarter worth approximately $163,000. Finally, Pacer Advisors Inc. raised its position in Affiliated Managers Group by 3.1% in the first quarter. Pacer Advisors Inc. now owns 1,096 shares of the asset manager’s stock worth $180,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 94.86% of the company’s stock.

Shares of Affiliated Managers Group, Inc. (AMG) traded down 0.11% during trading on Friday, reaching $175.23. 414,171 shares of the company were exchanged. Affiliated Managers Group, Inc. has a one year low of $130.48 and a one year high of $187.08. The stock has a market capitalization of $9.81 billion, a price-to-earnings ratio of 19.41 and a beta of 1.65. The company has a 50 day moving average price of $174.85 and a 200-day moving average price of $164.17.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Monday, July 31st. The asset manager reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.24 by $0.09. Affiliated Managers Group had a return on equity of 17.45% and a net margin of 22.99%. The business had revenue of $570.90 million during the quarter, compared to the consensus estimate of $573.73 million. During the same quarter last year, the firm posted $3.07 EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Equities analysts predict that Affiliated Managers Group, Inc. will post $14.55 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Tuesday, August 8th. Affiliated Managers Group’s dividend payout ratio is 8.87%.

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AMG has been the topic of a number of recent analyst reports. Credit Suisse Group reissued a “buy” rating and issued a $207.00 price target on shares of Affiliated Managers Group in a research report on Sunday, July 9th. BidaskClub raised shares of Affiliated Managers Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Citigroup Inc. reissued a “buy” rating on shares of Affiliated Managers Group in a research report on Tuesday, May 2nd. Zacks Investment Research lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Finally, ValuEngine lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $195.50.

In other Affiliated Managers Group news, Director Patrick T. Ryan sold 8,902 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of $152.89, for a total transaction of $1,361,026.78. Following the transaction, the director now owns 10,342 shares in the company, valued at approximately $1,581,188.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight D. Churchill sold 3,277 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $163.30, for a total value of $535,134.10. Following the transaction, the director now owns 7,301 shares in the company, valued at approximately $1,192,253.30. The disclosure for this sale can be found here. Insiders have sold a total of 69,107 shares of company stock valued at $11,065,554 in the last ninety days. Insiders own 1.40% of the company’s stock.

Affiliated Managers Group Company 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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