Affiliated Managers Group, Inc. (AMG) Shares Sold by Pictet Asset Management Ltd.

Pictet Asset Management Ltd. reduced its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,615 shares of the asset manager’s stock after selling 800 shares during the quarter. Pictet Asset Management Ltd. owned about 0.05% of Affiliated Managers Group worth $5,432,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Calamos Advisors LLC grew its position in shares of Affiliated Managers Group by 102.0% in the third quarter. Calamos Advisors LLC now owns 226,214 shares of the asset manager’s stock valued at $42,942,000 after purchasing an additional 114,217 shares during the last quarter. North Star Asset Management Inc. grew its position in shares of Affiliated Managers Group by 0.4% in the third quarter. North Star Asset Management Inc. now owns 88,323 shares of the asset manager’s stock valued at $14,479,000 after purchasing an additional 395 shares during the last quarter. Korea Investment CORP grew its position in shares of Affiliated Managers Group by 3.1% in the third quarter. Korea Investment CORP now owns 30,250 shares of the asset manager’s stock valued at $5,742,000 after purchasing an additional 900 shares during the last quarter. BB&T Corp grew its position in Affiliated Managers Group by 6.6% during the third quarter. BB&T Corp now owns 7,509 shares of the asset manager’s stock worth $1,426,000 after buying an additional 467 shares in the last quarter. Finally, APG Asset Management N.V. grew its position in Affiliated Managers Group by 17.2% during the third quarter. APG Asset Management N.V. now owns 122,809 shares of the asset manager’s stock worth $23,313,000 after buying an additional 18,000 shares in the last quarter. 96.41% of the stock is currently owned by institutional investors.

In other Affiliated Managers Group news, Director Dwight D. Churchill sold 2,080 shares of Affiliated Managers Group stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $184.28, for a total transaction of $383,302.40. Following the sale, the director now directly owns 6,104 shares of the company’s stock, valued at $1,124,845.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by insiders.

Shares of Affiliated Managers Group, Inc. (AMG) opened at $184.36 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market capitalization of $10,288.77, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 0.87 and a beta of 1.70. Affiliated Managers Group, Inc. has a 1-year low of $139.15 and a 1-year high of $198.40.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Monday, October 30th. The asset manager reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.36 by $0.05. The company had revenue of $585.70 million for the quarter, compared to the consensus estimate of $586.55 million. Affiliated Managers Group had a return on equity of 17.63% and a net margin of 23.29%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.02 earnings per share. equities research analysts predict that Affiliated Managers Group, Inc. will post 14.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Wednesday, November 8th. Affiliated Managers Group’s payout ratio is 8.66%.

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A number of research firms recently weighed in on AMG. Jefferies Group LLC reissued a “buy” rating and set a $226.00 target price on shares of Affiliated Managers Group in a research report on Thursday, October 12th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $229.00 target price on shares of Affiliated Managers Group in a research report on Thursday, October 12th. Zacks Investment Research downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Barrington Research reissued an “outperform” rating and set a $215.00 target price on shares of Affiliated Managers Group in a research report on Wednesday, October 4th. They noted that the move was a valuation call. Finally, BidaskClub downgraded Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Affiliated Managers Group presently has an average rating of “Buy” and a consensus target price of $207.25.

Affiliated Managers Group 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.

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Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

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