Toronto Dominion Bank Has $4.04 Million Stake in Affiliated Managers Group, Inc. (NYSE:AMG)

Toronto Dominion Bank grew its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 10.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,254 shares of the asset manager’s stock after buying an additional 2,079 shares during the quarter. Toronto Dominion Bank’s holdings in Affiliated Managers Group were worth $4,035,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Tributary Capital Management LLC acquired a new position in shares of Affiliated Managers Group in the 3rd quarter valued at approximately $100,000. Creative Planning raised its position in shares of Affiliated Managers Group by 15.0% in the 2nd quarter. Creative Planning now owns 705 shares of the asset manager’s stock valued at $117,000 after buying an additional 92 shares in the last quarter. Advisor Group Inc. raised its position in shares of Affiliated Managers Group by 46.2% in the 2nd quarter. Advisor Group Inc. now owns 722 shares of the asset manager’s stock valued at $120,000 after buying an additional 228 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of Affiliated Managers Group by 2.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 755 shares of the asset manager’s stock valued at $125,000 after buying an additional 16 shares in the last quarter. Finally, Financial Architects Inc increased its position in Affiliated Managers Group by 2.1% during the 2nd quarter. Financial Architects Inc now owns 833 shares of the asset manager’s stock worth $138,000 after purchasing an additional 17 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Affiliated Managers Group, Inc. (AMG) traded up $0.98 on Wednesday, reaching $197.99. 194,718 shares of the company’s stock were exchanged, compared to its average volume of 409,700. Affiliated Managers Group, Inc. has a 52-week low of $139.52 and a 52-week high of $202.09. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.24. The company has a market cap of $10,969.65, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 0.93 and a beta of 1.71.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Monday, October 30th. The asset manager reported $3.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.36 by $0.05. Affiliated Managers Group had a net margin of 23.29% and a return on equity of 17.63%. The firm had revenue of $585.70 million for the quarter, compared to analyst estimates of $586.55 million. During the same period in the previous year, the firm posted $3.02 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. research analysts expect that Affiliated Managers Group, Inc. will post 14.45 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Thursday, November 9th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Wednesday, November 8th. Affiliated Managers Group’s payout ratio is 8.66%.

In other news, Director Patrick T. Ryan sold 7,705 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $185.27, for a total value of $1,427,505.35. Following the sale, the director now directly owns 6,797 shares of the company’s stock, valued at approximately $1,259,280.19. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Sean M. Healey sold 69,800 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $185.48, for a total transaction of $12,946,504.00. Following the completion of the sale, the chief executive officer now directly owns 194,943 shares in the company, valued at $36,158,027.64. The disclosure for this sale can be found here. Insiders have sold a total of 79,585 shares of company stock worth $14,757,312 over the last three months. Insiders own 1.40% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Jefferies Group reiterated a “buy” rating and set a $226.00 price objective on shares of Affiliated Managers Group in a research report on Thursday, October 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $229.00 price objective on shares of Affiliated Managers Group in a research report on Thursday, October 12th. Zacks Investment Research cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Barrington Research reiterated an “outperform” rating and set a $215.00 price objective on shares of Affiliated Managers Group in a research report on Wednesday, October 4th. They noted that the move was a valuation call. Finally, Credit Suisse Group upped their price objective on shares of Affiliated Managers Group from $205.00 to $223.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $207.25.

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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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