Affiliated Managers Group COO Sells $2.29 Million Stake; Shares Slip 1.3%
Affiliated Managers Group’s General Counsel sold 2,200 shares at $278.24 on March 9 and its COO sold 8,000 shares at $286.30 on March 6 for $2.29 million, cutting his stake by 4.78%. The stock opened at $282.01 (down 1.3%), trades with a P/E ratio of 12.22 and a debt-to-equity of 0.64.
1. Insider Sales by Executives
On March 6, COO Thomas Wojcik sold 8,000 shares at an average price of $286.30 for approximately $2.29 million, trimming his direct ownership by 4.78% to 159,465 shares. On March 9, General Counsel Padiyar Kavita sold 2,200 shares at $278.24 each, leaving her with 42,672 shares.
2. Stock Performance Post-Sales
The stock opened at $282.01 on the trading day following the sales, reflecting a 1.3% decrease from the prior close. Over the past year, the share price has swung between a low of $139.22 and a high of $334.78.
3. Key Financial Ratios
AMG maintains a debt-to-equity ratio of 0.64 and a P/E ratio of 12.22, with current and quick ratios both at 1.34. Additional metrics include an earnings yield of 9.19%, a price-to-sales ratio of 3.42 and a beta of 1.18.