Massive Investor Moves at Affiliated Managers Group

Credit: AMG, Pixaby.

A number of investors have made significant moves in the holdings of Affiliated Managers Group Inc. (NYSE:AMG) recently.

Per the Daily Quint, FSI Group LLC increased its stake in the company by 84 percent during the second quarter, valued at $3.238 million.

Other significant investor moves include:

  • Adage Capital Partners GP LLC increased its stake in the company by 56.6 percent in the second quarter, and now owns 134,125 shares of stock worth $18.88 million.
  • Polar Capital LLP increased its stake 83.4 percent in the second quarter and now owns 128,120 shares of stock valued at $18.035 million.
  • Barclays PLC increased its stake by 324.6 percent in the second quarter.

During the company’s most recent earnings call, AMG reported earnings per share (EPS) of $3.02, topping the Thomson Reuters’ consensus estimate of $3.00.

The company had revenue of $613.10 million for the quarter, compared to analysts’ expectations of $565.44 million. AMG had a net margin of 21.10 percent and a return on equity of 18.04 percent.

AMG 1 year look. Credit: Bloomberg.

As the Daily Business News reported recently, company insiders have also made moves.

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 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.

For AMG’s most recent quarterly report, click here. For the most recent closing numbers on AMG and all MH industry-connected tracked stocks, please click here. ##

(Image credits are as shown above.)

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

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