Wilkinson Global Asset Management LLC Sells 200 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Wilkinson Global Asset Management LLC reduced its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 5.6% in the third quarter, Holdings Channel.com reports. The fund owned 3,400 shares of the asset manager’s stock after selling 200 shares during the quarter. Wilkinson Global Asset Management LLC’s holdings in Affiliated Managers Group were worth $605,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Altshuler Shaham Ltd bought a new stake in shares of Affiliated Managers Group during the second quarter worth $28,000. UMB Bank n.a. increased its stake in Affiliated Managers Group by 481.3% in the 3rd quarter. UMB Bank n.a. now owns 186 shares of the asset manager’s stock worth $33,000 after buying an additional 154 shares during the period. Daiwa Securities Group Inc. bought a new stake in Affiliated Managers Group during the 2nd quarter valued at about $47,000. Goodman Advisory Group LLC bought a new position in Affiliated Managers Group in the 2nd quarter worth about $50,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Affiliated Managers Group by 2,530.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 789 shares of the asset manager’s stock worth $140,000 after acquiring an additional 759 shares during the period. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Insider Activity

In related news, insider Rizwan M. Jamal sold 8,622 shares of Affiliated Managers Group stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $172.89, for a total value of $1,490,657.58. Following the completion of the sale, the insider now directly owns 128,457 shares in the company, valued at $22,208,930.73. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Rizwan M. Jamal sold 8,622 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $172.89, for a total value of $1,490,657.58. Following the completion of the transaction, the insider now owns 128,457 shares in the company, valued at $22,208,930.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jay C. Horgen sold 9,000 shares of Affiliated Managers Group stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $171.98, for a total value of $1,547,820.00. Following the sale, the chief executive officer now directly owns 377,276 shares of the company’s stock, valued at approximately $64,883,926.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,408 shares of company stock worth $3,865,068 over the last 90 days. 1.90% of the stock is currently owned by corporate insiders.

Affiliated Managers Group Stock Performance

NYSE:AMG opened at $186.20 on Thursday. Affiliated Managers Group, Inc. has a fifty-two week low of $129.57 and a fifty-two week high of $199.52. The company’s 50-day simple moving average is $180.73 and its 200-day simple moving average is $168.93. The stock has a market capitalization of $5.55 billion, a P/E ratio of 10.93, a P/E/G ratio of 0.62 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Monday, November 4th. The asset manager reported $4.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.84 by ($0.02). The business had revenue of $525.20 million for the quarter, compared to analyst estimates of $521.87 million. Affiliated Managers Group had a return on equity of 16.50% and a net margin of 31.51%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $4.08 earnings per share. On average, research analysts forecast that Affiliated Managers Group, Inc. will post 22.02 EPS for the current year.

Affiliated Managers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Affiliated Managers Group’s payout ratio is 0.23%.

Analysts Set New Price Targets

Several research analysts have commented on the company. StockNews.com downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. TD Cowen lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $226.00 to $177.00 in a report on Tuesday. Barrington Research dropped their price objective on shares of Affiliated Managers Group from $210.00 to $200.00 and set an “outperform” rating on the stock in a research note on Tuesday. Bank of America boosted their price objective on shares of Affiliated Managers Group from $200.00 to $201.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Affiliated Managers Group from $219.00 to $204.00 and set a “buy” rating for the company in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $195.50.

Affiliated Managers Group Profile

Affiliated Managers Group, Inc, through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.