G. Staley Cates, Director at AFFILIATED MANAGERS GROUP, INC. (AMG), bought 1,500 shares at $305.83 ($459K) on 2026-05-06, disclosed to the SEC on 2026-05-06.
Director G. Staley Cates purchased 1,500 shares for $458,745, marking the largest purchase of his career. This move coincides with a 14.65% gain over the last 30 days and a forward P/E of 7.86, suggesting confidence in the asset manager's valuation.
AMG has surged 14.65% over the last 30 days and is currently trading 8.62% below its 52-week high of $334.78.
This represents the largest purchase of Cates' career; Q1 2026 results reported record assets under management of $882.0 billion and net client cash inflows of $22.0 billion on May 3, 2026; and the company declared a quarterly dividend of $0.01 per share payable on May 26, 2026.
Short interest is 3.59% of the float, and Q1 results noted the company is operating 'despite facing market headwinds'.
Something here stands out, but not much.