On April 19, 2023, Welch & Forbes LLC announced that it had raised its shares in Affiliated Managers Group (NYSE:AMG) by 19.2% during the last quarter. The company disclosed in its latest Form 13F filing with the SEC that it owned 4,650 assets manager’s stock at the end of the final such period a year ago compared to an additional number of 750 shares acquired in the most recent quarter. The worth of Welch & Forbes LLC’s AMG holding was valued at $737,000 as of their latest reporting date.
In other news concerning this asset management business, Director Reuben Jeffery III acquired a total of 3,650 shares held by the company in his account on Thursday, March16. The operation was done for an average price of $137.21 per share price and totaled to $500,816.50.As a result of this acquisition, Mr. Jeffery now directly owns 31,726shares in the company currently valued at about $4,353,124.46.The insider transaction was made public on record through the SEC which is accessible through this link.
NYSE:AMG initially opened at $143.91 on Wednesday continuing its upwardly trend over time despite multiple market fluctuations with a capitalization rate estimated to be worth up to around $5.16 billion.Affiliated Managers Group is believed to exhibit several traits highly favored by investors and market speculators . For instance,the firm has an attractive P/E ratio set at approximately 5-just inside highly profitable territory- and a P/E/G ratio standing as much as reduce potential investment risks considerably less than competitors within its industry .Moreover,investors are drawn to Affiliated Managers Group for their high-beta quotient-churning out optimal returns given increasing interest rates-yet subjecting itself with some form volatility risks.Although characterized as relatively unpredictable , these risks are deemed part and parcel of investing which go hand in hand with considerable interest and capital gains returns.
Finally, it is worth noting that the business had a low of $108.12 and a high of $180.63 over the last twelve months while still maintaining an average 50-day simple moving average (SMA) of $148.77 and a 200-day SMA value of $149.22 which places them on investors’ radars as one to watch over the coming months.
AMG Receives Increased Interest from Institutional Investors and Hedge Funds, Boosting Stock Value
Affiliated Managers Group (AMG), a leading global asset management company, has seen increased interest from institutional investors and hedge funds in recent months. Several news reports reveal that many institutional investors have modified their holdings of AMG, with some significantly increasing their stakes in the company. For instance, IFP Advisors Inc increased its holdings by a staggering 56.2% during the third quarter of the fiscal year. During the same period, Lazard Asset Management LLC increased its stake by 76.3%, while Quadrant Capital Group LLC raised its holdings by 35%.
Further investment was made in AMG by multiple industry leaders, including Ronald Blue Trust Inc., which purchased an additional 507 shares worth $66,000 during the last quarter. EverSource Wealth Advisors also bought a new stake worth about $58,000 during Q3 of FY2023.
These significant investments by institutional investors have boosted AMG’s stock value considerably in recent months. The investment analysts said that AMG is performing well financially and has significant prospects for future growth.
We learned from several analyst reports that Barrington Research recently lifted their price objective on Affiliated Managers Group from $155 to $195 and gave the stock an “outperform” rating; StockNews.com rated it as “buy.” Meanwhile, Bank of America lifted its price target on AMG from $182 to $192 and gave it a “neutral” rating. Finally, Deutsche Bank Aktiengesellschaft upgraded AMG’s share price target from $187 to $192 and assigned it a “buy” rating.
In other news, Director Reuben Jeffery III acquired 3,650 shares of the business’s stock for around half a million dollars in mid-March. With this acquisition, Jeffery now directly owns more than 31k shares in AMG with market value over four million dollars.
AMG also announced impressive earnings data recently when they released their quarterly report on February 6th, beating consensus estimates of $7.03 with earnings per share of $7.28 for the quarter. The company’s net margin reached 49.18%, and their return on equity was 21.29%. Based on this report, investment analysts predict that AMG will post a healthy EPS of 19 for the current fiscal year.
Finally, we learned that AMG recently paid its quarterly dividend to shareholders in early March, representing an annualized dividend of $0.04 and a yield of 0.03%. The company had a very low dividend payout ratio (DPR) of around 0.15%, indicating strong financials to sustain future growth while maintaining shareholder value.
In conclusion, Affiliated Managers Group appears to be enjoying consistent growth due to significant business investments by institutional investors and hedge funds coupled with impressive earnings and revenue reports, making them an excellent investment opportunity for those looking to buy into stable, growing businesses in the financial sector at present times.
