Affiliated Managers Group Inc. (NYSE:AMG) has seen a flurry of activity recently.
Per Baseball News Source, CEO Sean M. Healey sold 62,000 shares of stock on December 15th. The stock was sold at an average price of $154.84, for a total transaction of $9,600,080.00. Healey now directly owns 122,292 shares in the company, valued at approximately $18,935,693.28.
Director Dwight D. Churchill sold 3,125 shares on December 12th, with an average price of $160.23, for a total value of $500,718.75. Churchill now directly owns 6,667 shares in the company, valued at approximately $1,068,253.41.
AMG’s most recent earnings report was release on October 31st and the company reported $3.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.02.
The company had a return on equity of 18.04 percent and a net margin of 21.10 percent and earnings of $613.10 million during the quarter, compared to analysts’ expectations of $565.44 million.
Investors also made moves related to AMG:
- Quantbot Technologies LP bought a new in the company during the second quarter valued at approximately $2,583,000;
- North Star Asset Management Inc. increased its stake in the company by 2.5 percent in the second quarter valued at $11,150,000;
- Sumitomo Mitsui Trust Holdings Inc. increased its stake by 3.2 percent in the second quarter, and now owns 181,419 shares of the company’s stock valued at $25,538,000;
- Channing Capital Management LLC increased its stake in the company by 16.1 percent in the second quarter, valued at $11,831,000.
AMG is one of the various industry-connected stocks monitored each business day on the industry’s only daily market report, featured exclusively on the Daily Business News.
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Submitted by RC Williams to the Daily Business News for MHProNews.