Kendall Capital Management Has $646,000 Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Kendall Capital Management lifted its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,135 shares of the asset manager’s stock after purchasing an additional 100 shares during the quarter. Kendall Capital Management’s holdings in Affiliated Managers Group were worth $646,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Denali Advisors LLC increased its holdings in Affiliated Managers Group by 429.2% in the 1st quarter. Denali Advisors LLC now owns 254 shares of the asset manager’s stock valued at $43,000 after buying an additional 206 shares during the period. Daiwa Securities Group Inc. acquired a new position in Affiliated Managers Group in the second quarter worth about $47,000. Quadrant Capital Group LLC raised its position in Affiliated Managers Group by 45.6% in the fourth quarter. Quadrant Capital Group LLC now owns 591 shares of the asset manager’s stock worth $89,000 after purchasing an additional 185 shares in the last quarter. Blue Trust Inc. lifted its stake in Affiliated Managers Group by 107.8% during the second quarter. Blue Trust Inc. now owns 962 shares of the asset manager’s stock worth $161,000 after purchasing an additional 499 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in Affiliated Managers Group by 333.0% during the fourth quarter. Parallel Advisors LLC now owns 1,195 shares of the asset manager’s stock valued at $181,000 after purchasing an additional 919 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Stock Performance

Shares of NYSE:AMG opened at $175.76 on Thursday. The business has a fifty day moving average of $170.31 and a 200-day moving average of $163.30. Affiliated Managers Group, Inc. has a twelve month low of $120.22 and a twelve month high of $189.81. The firm has a market cap of $5.60 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 0.52 and a beta of 1.20.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Monday, July 29th. The asset manager reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $4.60 by $0.07. Affiliated Managers Group had a net margin of 31.51% and a return on equity of 16.50%. The company had revenue of $500.30 million during the quarter, compared to the consensus estimate of $518.03 million. During the same period in the previous year, the firm posted $4.45 earnings per share. The company’s revenue was down 2.4% on a year-over-year basis. On average, analysts anticipate that Affiliated Managers Group, Inc. will post 22.04 EPS for the current fiscal year.

Affiliated Managers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.02%. The ex-dividend date was Thursday, August 8th. Affiliated Managers Group’s dividend payout ratio is 0.22%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barrington Research increased their target price on Affiliated Managers Group from $190.00 to $210.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. TD Cowen lifted their price objective on Affiliated Managers Group from $201.00 to $226.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Affiliated Managers Group from $202.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Bank of America boosted their price target 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, StockNews.com lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $199.80.

Insider Activity

In other news, insider Rizwan M. Jamal sold 8,622 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $172.89, for a total transaction of $1,490,657.58. Following the transaction, the insider now owns 128,457 shares of the company’s stock, valued at $22,208,930.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Jay C. Horgen sold 9,000 shares of Affiliated Managers Group stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $171.98, for a total transaction of $1,547,820.00. Following the completion of the sale, the chief executive officer now owns 377,276 shares in the company, valued at approximately $64,883,926.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Rizwan M. Jamal sold 8,622 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $172.89, for a total transaction 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. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,408 shares of company stock valued at $3,865,068. Company insiders own 1.90% of the company’s stock.

About Affiliated Managers Group

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.