Seascape Capital Management Purchases 151 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Seascape Capital Management raised its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,152 shares of the asset manager’s stock after buying an additional 151 shares during the quarter. Seascape Capital Management owned about 0.05% of Affiliated Managers Group worth $2,872,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AMG. Altshuler Shaham Ltd purchased a new stake in Affiliated Managers Group during the 2nd quarter valued at $28,000. UMB Bank n.a. increased its position in Affiliated Managers Group by 481.3% during the third quarter. UMB Bank n.a. now owns 186 shares of the asset manager’s stock valued at $33,000 after acquiring an additional 154 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Affiliated Managers Group in the 2nd quarter worth about $47,000. Goodman Advisory Group LLC purchased a new position in shares of Affiliated Managers Group during the 2nd quarter worth about $50,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Affiliated Managers Group by 2,530.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 789 shares of the asset manager’s stock valued at $140,000 after purchasing an additional 759 shares during the last quarter. 95.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, COO Thomas M. Wojcik sold 4,786 shares of Affiliated Managers Group stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $172.71, for a total value of $826,590.06. Following the transaction, the chief operating officer now owns 84,392 shares of the company’s stock, valued at $14,575,342.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Affiliated Managers Group news, CEO Jay C. Horgen sold 9,000 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 377,276 shares of the company’s stock, valued at approximately $64,883,926.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Thomas M. Wojcik sold 4,786 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $172.71, for a total transaction of $826,590.06. Following the completion of the transaction, the chief operating officer now directly owns 84,392 shares of the company’s stock, valued at $14,575,342.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,408 shares of company stock worth $3,865,068 in the last three months. 1.90% of the stock is owned by insiders.

Affiliated Managers Group Price Performance

NYSE:AMG opened at $184.95 on Friday. Affiliated Managers Group, Inc. has a 1-year low of $129.57 and a 1-year high of $199.52. The company has a 50-day moving average of $181.14 and a 200 day moving average of $169.19. The firm has a market cap of $5.51 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data 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 the consensus estimate of $521.87 million. Affiliated Managers Group had a net margin of 27.02% and a return on equity of 16.76%. Affiliated Managers Group’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.08 earnings per share. Sell-side analysts anticipate that Affiliated Managers Group, Inc. will post 22.02 EPS for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend is Thursday, November 14th. Affiliated Managers Group’s payout ratio is 0.26%.

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.