Affiliated Managers Group, Inc. (AMG) Shares Sold by Sprott Inc.

Sprott Inc. lowered its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 37.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,858 shares of the asset manager’s stock after selling 3,525 shares during the period. Sprott Inc.’s holdings in Affiliated Managers Group were worth $972,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMG. OppenheimerFunds Inc. increased its position in Affiliated Managers Group by 0.4% in the first quarter. OppenheimerFunds Inc. now owns 1,935 shares of the asset manager’s stock worth $317,000 after buying an additional 7 shares during the period. Duncker Streett & Co. Inc. increased its position in Affiliated Managers Group by 0.6% in the first quarter. Duncker Streett & Co. Inc. now owns 1,700 shares of the asset manager’s stock worth $279,000 after buying an additional 10 shares during the period. Wetherby Asset Management Inc. increased its position in Affiliated Managers Group by 0.7% in the first quarter. Wetherby Asset Management Inc. now owns 2,319 shares of the asset manager’s stock worth $380,000 after buying an additional 16 shares during the period. Independent Portfolio Consultants Inc. boosted its stake in shares of Affiliated Managers Group by 0.4% in the first quarter. Independent Portfolio Consultants Inc. now owns 5,215 shares of the asset manager’s stock worth $855,000 after buying an additional 20 shares during the period. Finally, WMS Partners LLC boosted its stake in shares of Affiliated Managers Group by 1.7% in the first quarter. WMS Partners LLC now owns 1,627 shares of the asset manager’s stock worth $267,000 after buying an additional 27 shares during the period. Hedge funds and other institutional investors own 94.86% of the company’s stock.

Affiliated Managers Group, Inc. (AMG) traded up 0.63% during mid-day trading on Tuesday, hitting $181.56. 320,229 shares of the company were exchanged. Affiliated Managers Group, Inc. has a 12-month low of $130.48 and a 12-month high of $187.08. The stock’s 50 day moving average is $172.76 and its 200-day moving average is $162.87. The company has a market cap of $10.22 billion, a price-to-earnings ratio of 20.11 and a beta of 1.65.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, July 31st. The asset manager reported $3.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.24 by $0.09. The firm had revenue of $570.90 million during the quarter, compared to analysts’ expectations of $573.73 million. Affiliated Managers Group had a return on equity of 17.45% and a net margin of 22.99%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.07 EPS. Equities research analysts predict that Affiliated Managers Group, Inc. will post $14.54 EPS for the current year.

The company also recently disclosed 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. The ex-dividend date is Tuesday, August 8th. This represents a $0.80 annualized dividend and a yield of 0.44%. Affiliated Managers Group’s dividend payout ratio is currently 8.87%.

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A number of analysts have weighed in on AMG shares. Citigroup Inc. reissued a “buy” rating on shares of Affiliated Managers Group in a report on Tuesday, May 2nd. Credit Suisse Group reissued a “buy” rating and set a $207.00 target price on shares of Affiliated Managers Group in a report on Sunday, July 9th. Zacks Investment Research cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Deutsche Bank AG dropped their target price on shares of Affiliated Managers Group from $183.00 to $182.00 and set a “hold” rating on the stock in a report on Tuesday, April 18th. Finally, ValuEngine cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $193.50.

In other Affiliated Managers Group news, Director Dwight D. Churchill sold 3,277 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $163.30, for a total transaction of $535,134.10. Following the completion of the sale, the director now directly owns 7,301 shares of the company’s stock, valued at approximately $1,192,253.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sean M. Healey sold 56,928 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $161.07, for a total value of $9,169,392.96. Following the transaction, the chief executive officer now owns 206,689 shares of the company’s stock, valued at $33,291,397.23. 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 over the last three months. Company insiders own 1.40% of the company’s stock.

About Affiliated Managers Group

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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