Traders Purchase High Volume of Affiliated Managers Group Put Options (AMG)

Affiliated Managers Group (NYSE:AMG) was the recipient of some unusual options trading on Thursday. Traders acquired 693 put options on the company. This represents an increase of 1,036% compared to the average daily volume of 61 put options.

In other Affiliated Managers Group news, CFO Jay C. Horgen sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $189.59, for a total value of $5,687,700.00. Following the completion of the transaction, the chief financial officer now directly owns 114,039 shares in the company, valued at $21,620,654.01. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of AMG. Schroder Investment Management Group boosted its stake in shares of Affiliated Managers Group by 95.2% during the 4th quarter. Schroder Investment Management Group now owns 820,584 shares of the asset manager’s stock worth $168,425,000 after acquiring an additional 400,122 shares during the period. Jane Street Group LLC lifted its holdings in Affiliated Managers Group by 101.1% during the 3rd quarter. Jane Street Group LLC now owns 3,939 shares of the asset manager’s stock worth $748,000 after purchasing an additional 366,268 shares during the last quarter. Deutsche Bank AG lifted its holdings in Affiliated Managers Group by 59.8% during the 4th quarter. Deutsche Bank AG now owns 663,082 shares of the asset manager’s stock worth $136,090,000 after purchasing an additional 248,112 shares during the last quarter. Atlanta Capital Management Co. L L C lifted its holdings in Affiliated Managers Group by 6.1% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 2,052,330 shares of the asset manager’s stock worth $421,240,000 after purchasing an additional 117,377 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in Affiliated Managers Group by 14.1% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 815,276 shares of the asset manager’s stock worth $167,335,000 after purchasing an additional 100,760 shares during the last quarter. Institutional investors own 96.65% of the company’s stock.



Shares of NYSE AMG opened at $169.25 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.23. Affiliated Managers Group has a 12 month low of $148.81 and a 12 month high of $216.99. The company has a market cap of $9,309.04, a PE ratio of 11.59, a price-to-earnings-growth ratio of 0.72 and a beta of 1.51.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Monday, January 29th. The asset manager reported $4.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.55 by $0.13. Affiliated Managers Group had a return on equity of 18.61% and a net margin of 29.92%. The company had revenue of $604.10 million during the quarter, compared to the consensus estimate of $608.51 million. During the same period in the previous year, the company posted $3.80 EPS. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. research analysts expect that Affiliated Managers Group will post 16.98 EPS for the current year.

Affiliated Managers Group declared that its Board of Directors has approved a stock buyback program on Monday, January 29th that allows the company to buyback 3,400,000 shares. This buyback authorization allows the asset manager to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Jefferies Group restated a “buy” rating and issued a $226.00 price target on shares of Affiliated Managers Group in a research note on Wednesday. Keefe, Bruyette & Woods downgraded Affiliated Managers Group from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $250.00 to $206.00 in a research note on Wednesday. Goldman Sachs downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $216.00 price target for the company. in a research note on Tuesday, January 9th. Finally, Barrington Research raised their price target on Affiliated Managers Group to $240.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Affiliated Managers Group currently has a consensus rating of “Buy” and a consensus price target of $225.38.

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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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