Brant Point Investment Management LLC Acquires New Shares in Affiliated Managers Group, Inc. $AMG

Brant Point Investment Management LLC acquired a new stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 25,000 shares of the asset manager’s stock, valued at approximately $7,207,000. Affiliated Managers Group makes up 0.9% of Brant Point Investment Management LLC’s portfolio, making the stock its 9th biggest position.

Several other hedge funds also recently modified their holdings of the company. Leonteq Securities AG acquired a new position in Affiliated Managers Group during the 4th quarter worth about $30,000. Hantz Financial Services Inc. lifted its holdings in Affiliated Managers Group by 189.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 142 shares of the asset manager’s stock worth $34,000 after buying an additional 93 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Affiliated Managers Group by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 281 shares of the asset manager’s stock worth $55,000 after buying an additional 133 shares during the period. Jones Financial Companies Lllp lifted its holdings in Affiliated Managers Group by 51.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 246 shares of the asset manager’s stock worth $59,000 after buying an additional 84 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in Affiliated Managers Group by 676.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 233 shares of the asset manager’s stock worth $67,000 after buying an additional 203 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Insider Transactions at Affiliated Managers Group

In other news, Director Rodriguez Felix V. Matos sold 1,000 shares of Affiliated Managers Group stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $300.18, for a total value of $300,180.00. Following the completion of the transaction, the director directly owned 4,369 shares of the company’s stock, valued at approximately $1,311,486.42. This trade represents a 18.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director G. Staley Cates acquired 1,500 shares of the stock in a transaction dated Wednesday, May 6th. The stock was acquired at an average cost of $305.83 per share, with a total value of $458,745.00. Following the completion of the transaction, the director owned 6,405 shares in the company, valued at approximately $1,958,841.15. This represents a 30.58% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders sold 21,902 shares of company stock worth $7,257,719. Corporate insiders own 2.90% of the company’s stock.

Affiliated Managers Group Stock Performance

AMG stock opened at $354.55 on Friday. The stock has a 50-day moving average price of $302.17 and a 200-day moving average price of $296.94. Affiliated Managers Group, Inc. has a 1-year low of $179.79 and a 1-year high of $355.55. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.73. The firm has a market cap of $9.36 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 0.60 and a beta of 1.13.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Friday, May 1st. The asset manager reported $8.23 earnings per share for the quarter, topping the consensus estimate of $8.10 by $0.13. Affiliated Managers Group had a return on equity of 20.17% and a net margin of 35.55%.The firm had revenue of $544.90 million during the quarter, compared to analyst estimates of $544.01 million. During the same period last year, the company posted $5.37 EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts expect that Affiliated Managers Group, Inc. will post 34.71 earnings per share for the current year.

Affiliated Managers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were given a $0.01 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. Affiliated Managers Group’s dividend payout ratio (DPR) is 0.16%.

Analyst Ratings Changes

Several brokerages have commented on AMG. The Goldman Sachs Group reaffirmed a “buy” rating and set a $405.00 target price on shares of Affiliated Managers Group in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $400.00 target price on shares of Affiliated Managers Group in a report on Monday, May 4th. Barrington Research reaffirmed an “outperform” rating and set a $365.00 target price on shares of Affiliated Managers Group in a report on Monday, April 27th. TD Cowen reaffirmed a “buy” rating and set a $454.00 target price on shares of Affiliated Managers Group in a report on Wednesday, May 13th. Finally, Wall Street Zen downgraded Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 4th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $362.29.

Affiliated Managers Group Profile

Affiliated Managers Group, Inc (NYSE: AMG) is a global asset management holding company that partners with boutique investment firms. Founded in 1993 and headquartered in West Palm Beach, Florida, AMG invests in and collaborates with independent investment managers to foster growth while preserving their entrepreneurial culture. Through equity stakes and strategic support, the company aims to enhance its affiliates’ distribution capabilities, operational infrastructure and access to capital.

The company’s core business activities include providing capital solutions, distribution services and operational support to affiliated investment firms.