XTX Topco Ltd Has $823,000 Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

XTX Topco Ltd grew its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 178.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,269 shares of the asset manager’s stock after buying an additional 3,380 shares during the period. XTX Topco Ltd’s holdings in Affiliated Managers Group were worth $823,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AMG. BNP Paribas Financial Markets increased its stake in shares of Affiliated Managers Group by 17.3% in the fourth quarter. BNP Paribas Financial Markets now owns 4,853 shares of the asset manager’s stock valued at $735,000 after buying an additional 716 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Affiliated Managers Group by 7.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 7,256 shares of the asset manager’s stock valued at $1,099,000 after buying an additional 508 shares during the period. Norges Bank acquired a new stake in shares of Affiliated Managers Group in the fourth quarter valued at about $66,223,000. PNC Financial Services Group Inc. increased its stake in shares of Affiliated Managers Group by 1.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,854 shares of the asset manager’s stock valued at $1,189,000 after buying an additional 135 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Affiliated Managers Group by 9.5% during the 4th quarter. Wells Fargo & Company MN now owns 70,847 shares of the asset manager’s stock valued at $10,728,000 after purchasing an additional 6,146 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Stock Performance

Shares of NYSE:AMG opened at $178.24 on Monday. The business’s 50 day simple moving average is $171.16 and its two-hundred day simple moving average is $163.69. The firm has a market cap of $5.68 billion, a P/E ratio of 9.89, a PEG ratio of 0.52 and a beta of 1.20. Affiliated Managers Group, Inc. has a 52-week low of $120.22 and a 52-week high of $189.81.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Monday, July 29th. The asset manager reported $4.67 earnings per share (EPS) for the quarter, topping 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 company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.45 earnings per share. On average, equities analysts forecast that Affiliated Managers Group, Inc. will post 22.04 earnings per share for the current fiscal year.

Affiliated Managers Group Dividend Announcement

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

Analyst Upgrades and Downgrades

AMG has been the topic of several research analyst reports. TD Cowen upped their target price on Affiliated Managers Group from $201.00 to $226.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upped their target price on Affiliated Managers Group from $202.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. StockNews.com lowered Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Bank of America upped their target price on 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, Barrington Research upped their target price 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $199.80.

Insider Activity

In other news, insider Rizwan M. Jamal sold 8,622 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 128,457 shares in the company, valued at $22,208,930.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Jay C. Horgen sold 9,000 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was 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 directly owns 377,276 shares of the company’s stock, valued at $64,883,926.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $1,490,657.58. Following the sale, the insider now directly owns 128,457 shares of the company’s stock, valued at $22,208,930.73. The disclosure for this sale can be found here. Insiders have sold 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 Company 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.