Affiliated Managers Group Sees Unusually High Options Volume (NYSE:AMG)

Affiliated Managers Group, Inc. (NYSE:AMG) saw some unusual options trading on Monday. Stock investors bought 5,651 put options on the company. This is an increase of 4,772% compared to the average volume of 116 put options.

In other news, Director Jide James Zeitlin sold 2,665 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $83.94, for a total value of $223,700.10. Following the completion of the transaction, the director now directly owns 23,939 shares in the company, valued at $2,009,439.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Samuel T. Byrne acquired 6,589 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was bought at an average price of $88.77 per share, with a total value of $584,905.53. Following the completion of the acquisition, the director now directly owns 19,082 shares of the company’s stock, valued at $1,693,909.14. The disclosure for this purchase can be found here. 1.43% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Ossiam acquired a new stake in shares of Affiliated Managers Group during the 2nd quarter valued at $48,000. Rampart Investment Management Company LLC lifted its holdings in shares of Affiliated Managers Group by 39.6% during the second quarter. Rampart Investment Management Company LLC now owns 666 shares of the asset manager’s stock valued at $61,000 after purchasing an additional 189 shares during the last quarter. CSat Investment Advisory L.P. boosted its position in shares of Affiliated Managers Group by 64.5% in the 2nd quarter. CSat Investment Advisory L.P. now owns 847 shares of the asset manager’s stock valued at $78,000 after purchasing an additional 332 shares during the period. ETF Managers Group LLC acquired a new position in shares of Affiliated Managers Group in the 2nd quarter valued at $151,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Affiliated Managers Group by 2,244.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,344 shares of the asset manager’s stock valued at $195,000 after purchasing an additional 2,244 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Several brokerages recently commented on AMG. ValuEngine raised Affiliated Managers Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Citigroup decreased their price target on Affiliated Managers Group from $98.00 to $75.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Zacks Investment Research raised Affiliated Managers Group from a “sell” rating to a “hold” rating and set a $81.00 price target for the company in a research note on Thursday, October 3rd. Deutsche Bank lifted their price target on Affiliated Managers Group from $91.00 to $92.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Finally, Bank of America boosted their price objective on Affiliated Managers Group from $75.00 to $85.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Affiliated Managers Group has an average rating of “Hold” and a consensus target price of $95.12.

NYSE:AMG opened at $81.78 on Wednesday. Affiliated Managers Group has a twelve month low of $71.08 and a twelve month high of $115.75. The company has a current ratio of 1.42, a quick ratio of 1.37 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average of $82.26 and a 200-day moving average of $83.79. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 5.64, a price-to-earnings-growth ratio of 0.62 and a beta of 1.66.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Monday, October 28th. The asset manager reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $3.14 by $0.02. Affiliated Managers Group had a negative net margin of 7.03% and a positive return on equity of 17.83%. The business had revenue of $549.00 million for the quarter, compared to the consensus estimate of $547.10 million. During the same period in the previous year, the firm earned $3.45 EPS. The business’s revenue for the quarter was down 8.7% on a year-over-year basis. On average, research analysts forecast that Affiliated Managers Group will post 13.77 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Wednesday, November 6th. Affiliated Managers Group’s payout ratio is 8.83%.

About Affiliated Managers Group

Affiliated Managers Group, Inc, through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.

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