Hancock Whitney Corp Has $311,000 Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

Hancock Whitney Corp reduced its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 45.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,991 shares of the asset manager’s stock after selling 1,661 shares during the period. Hancock Whitney Corp’s holdings in Affiliated Managers Group were worth $311,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMG. Denali Advisors LLC grew its stake in shares of 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 purchasing an additional 206 shares during the period. Daiwa Securities Group Inc. bought a new stake in Affiliated Managers Group in the second quarter valued at $47,000. Blue Trust Inc. raised 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 acquiring an additional 499 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of 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 acquiring an additional 919 shares during the period. Finally, EMC Capital Management boosted its stake in shares of Affiliated Managers Group by 27.0% in the 1st quarter. EMC Capital Management now owns 1,190 shares of the asset manager’s stock valued at $199,000 after purchasing an additional 253 shares in the last quarter. Institutional investors own 95.30% of the company’s stock.

Analyst Upgrades and Downgrades

AMG has been the subject of a number of recent analyst reports. 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 lifted their target price on shares of Affiliated Managers Group from $200.00 to $201.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. TD Cowen increased their price target on Affiliated Managers Group from $201.00 to $226.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Barrington Research lifted their price objective on Affiliated Managers Group from $190.00 to $210.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, StockNews.com cut Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $199.80.

Affiliated Managers Group Price Performance

AMG stock opened at $178.05 on Tuesday. The stock has a market capitalization of $5.67 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 0.52 and a beta of 1.20. The company has a 50 day moving average price of $171.35 and a 200 day moving average price of $163.82. Affiliated Managers Group, Inc. has a fifty-two week low of $120.22 and a fifty-two week high of $189.81.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Monday, July 29th. The asset manager reported $4.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.60 by $0.07. The business had revenue of $500.30 million for the quarter, compared to analyst estimates of $518.03 million. Affiliated Managers Group had a return on equity of 16.50% and a net margin of 31.51%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.45 earnings per share. As a group, equities analysts expect that Affiliated Managers Group, Inc. will post 22.04 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Thursday, August 8th. Affiliated Managers Group’s dividend payout ratio (DPR) is 0.22%.

Insider Buying and Selling

In other Affiliated Managers Group news, COO Thomas M. Wojcik sold 4,786 shares of Affiliated Managers Group stock in a transaction 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 sale, the chief operating officer now owns 84,392 shares of the company’s stock, valued at approximately $14,575,342.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Affiliated Managers Group news, CEO Jay C. Horgen sold 9,000 shares of the 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 transaction, the chief executive officer now owns 377,276 shares of the company’s stock, valued at $64,883,926.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Thomas M. Wojcik sold 4,786 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was 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 disclosure for this sale can be found here. Insiders sold a total of 22,408 shares of company stock valued at $3,865,068 over the last ninety days. 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.