Short interest for Affiliated Managers Group gives investors a sense of the degree to which investors are betting on the decline of Affiliated Managers Group's stock. Short interest data is updated every two weeks.

Affiliated Managers Group Stock (NYSE:AMG), Short Interest Report

Affiliated Managers Group

Affiliated Managers Group offers investment strategies to investors through its network of affiliates. The firm typically buys a majority interest in small to midsize boutique asset managers, receiving a fixed percentage of revenue from these firms in return. Affiliates operate independently, with AMG providing strategic, operational, and technology support, as well as global distribution. At the end of December 2023, AMG's affiliate network—which includes firms like AQR Capital Management, and Pantheon in alternative assets and other products (which accounted for 35% of AUM), Artemis, Genesis, Harding Loevner, and Tweedy Browne in global and emerging-market equities (28%) and Frontier, River Road, Parnassus, and Yacktman in U.S. equities (21%)—had $672.2 billion in managed assets.

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Affiliated Managers Group, Inc. Common Stock

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Barrington Research analyst Alexander Paris maintains Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) with a Outperform and raises the price target from $175 to $190.

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Barrington Research Maintains Outperform on Affiliated Managers Group, Raises Price Target to $190

Affiliated Managers Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) short percent of float has risen 53.49% since its last report. The company recently reported that it has 560 thousand shares sold short, which is 1.98% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.95 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Affiliated Managers Group Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711978213_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Affiliated Managers Group has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Affiliated Managers Group's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Affiliated Managers Group's peer group average for short interest as a percentage of float is 2.73%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Affiliated Managers Group's Recent Short Interest

Management

AMG Names Thomas Wojcik As COO And Dava Ritchea As CFO

Affiliated Managers Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) short percent of float has fallen 5.5% since its last report. The company recently reported that it has 585 thousand shares sold short, which is 2.06% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.98 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Affiliated Managers Group Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709919015_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Affiliated Managers Group has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Affiliated Managers Group's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Affiliated Managers Group's peer group average for short interest as a percentage of float is 2.62%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

In a new SEC filing on March 7, it was unveiled that Jamal, Head Affiliate Investments at Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>), acquired stock options for 428,807 shares.
What Happened: Jamal, Head Affiliate Investments at Affiliated Managers Group, engaged in a derivative transaction according to a Form 4 filing on Thursday with the <a href="https://www.sec.gov/Archives/edgar/data/0001004434/000112760224009059//Archives/edgar/data/1004434/000112760224009059/0001127602-24-009059-index.htm">U.S. Securities and Exchange Commission</a>. This involved the acquisition of stock options for 428,807 shares of AMG, providing the right to purchase the company's stock at an exercise price of $74.49 per share.
Currently, Affiliated Managers Group shares are trading up 0.92%, priced at $161.6 during Friday's morning. This values Jamal's 428,807 shares at $37,353,377.
<h3>Delving into Affiliated Managers Group's Background</h3>
Affiliated Managers Group offers investment strategies to investors through its network of affiliates. The firm typically buys a majority interest in small to midsize boutique asset managers, receiving a fixed percentage of revenue from these firms in return. Affiliates operate independently, with AMG providing strategic, operational, and technology support, as well as global distribution. At the end of December 2023, AMG's affiliate network—which includes firms like AQR Capital Management, and Pantheon in alternative assets and other products (which accounted for 35% of AUM), Artemis, Genesis, Harding Loevner, and Tweedy Browne in global and emerging-market equities (28%) and Frontier, River Road, Parnassus, and Yacktman in U.S. equities (21%)—had $672.2 billion in managed assets.
<h3>Key Indicators: Affiliated Managers Group's Financial Health</h3>
Revenue Growth: Affiliated Managers Group's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -6.87%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 51.35%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Affiliated Managers Group's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 5.83.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.71, Affiliated Managers Group adopts a prudent financial strategy, indicating a balanced approach to debt management.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Affiliated Managers Group's P/E ratio of 9.19 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 3.28 is lower than the industry average, implying a discounted valuation for Affiliated Managers Group's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio of 5.1 trails industry averages, indicating a potential disparity in market valuation that could be advantageous for investors.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Uncovering the Importance of Insider Activity</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Deciphering Transaction Codes in Insider Filings</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001004434">Check Out The Full List Of Affiliated Managers Group's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Rizwan Jamal Exhibits Confidence With A $37.35M Acquisition Of Affiliated Managers Group Stock Options

Disclosed in a recent SEC filing, Thomas Wojcik, Chief Financial Officer at Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>), made a strategic move by acquiring company stock options on March 7,.
What Happened: Disclosed in a Form 4 filing on Thursday with the <a href="https://www.sec.gov/Archives/edgar/data/0001004434/000112760224009057//Archives/edgar/data/1004434/000112760224009057/0001127602-24-009057-index.htm">U.S. Securities and Exchange Commission</a>, Wojcik, Chief Financial Officer at Affiliated Managers Group, made a strategic derivative acquisition. This involved acquiring stock options for 373,145 shares of AMG, providing the right to buy the company's stock at an exercise price of $74.49 per share.
The Friday morning market activity shows Affiliated Managers Group shares down by 0.0%, trading at $160.13. This implies a total value of $31,956,137 for Wojcik's 373,145 shares.
<h3>All You Need to Know About Affiliated Managers Group</h3>
Affiliated Managers Group offers investment strategies to investors through its network of affiliates. The firm typically buys a majority interest in small to midsize boutique asset managers, receiving a fixed percentage of revenue from these firms in return. Affiliates operate independently, with AMG providing strategic, operational, and technology support, as well as global distribution. At the end of December 2023, AMG's affiliate network—which includes firms like AQR Capital Management, and Pantheon in alternative assets and other products (which accounted for 35% of AUM), Artemis, Genesis, Harding Loevner, and Tweedy Browne in global and emerging-market equities (28%) and Frontier, River Road, Parnassus, and Yacktman in U.S. equities (21%)—had $672.2 billion in managed assets.
<h3>Affiliated Managers Group: Financial Performance Dissected</h3>
Negative Revenue Trend: Examining Affiliated Managers Group's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -6.87% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Exploring Profitability:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 51.35%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): Affiliated Managers Group's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 5.83.
</li>
</ul>
Debt Management: Affiliated Managers Group's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.71.
Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 9.19 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 3.28, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a lower-than-industry-average EV/EBITDA ratio of 5.1, Affiliated Managers Group presents a potential value opportunity, as investors are paying less for each unit of EBITDA.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Pay Attention to Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Important Transaction Codes</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001004434">Check Out The Full List Of Affiliated Managers Group's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Thomas Wojcik Makes Strategic Play: Invests $31.96M In Affiliated Managers Group Stock Options

A noteworthy insider acquisition was disclosed on March 7, as Horgen, President and CEO at Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>), reported the acquisition of stock options for 600,000 shares.
What Happened: Horgen, President and CEO at Affiliated Managers Group, engaged in a derivative transaction according to a Form 4 filing on Thursday with the <a href="https://www.sec.gov/Archives/edgar/data/0001004434/000112760224009061//Archives/edgar/data/1004434/000112760224009061/0001127602-24-009061-index.htm">U.S. Securities and Exchange Commission</a>. This involved the acquisition of stock options for 600,000 shares of AMG, providing the right to purchase the company's stock at an exercise price of $74.49 per share.
The latest update on Friday morning shows Affiliated Managers Group shares down by 0.0%, trading at $160.13. At this price, Horgen's 600,000 shares are worth $51,384,000.
<h3>Discovering Affiliated Managers Group: A Closer Look</h3>
Affiliated Managers Group offers investment strategies to investors through its network of affiliates. The firm typically buys a majority interest in small to midsize boutique asset managers, receiving a fixed percentage of revenue from these firms in return. Affiliates operate independently, with AMG providing strategic, operational, and technology support, as well as global distribution. At the end of December 2023, AMG's affiliate network—which includes firms like AQR Capital Management, and Pantheon in alternative assets and other products (which accounted for 35% of AUM), Artemis, Genesis, Harding Loevner, and Tweedy Browne in global and emerging-market equities (28%) and Frontier, River Road, Parnassus, and Yacktman in U.S. equities (21%)—had $672.2 billion in managed assets.
<h3>Unraveling the Financial Story of Affiliated Managers Group</h3>
Decline in Revenue: Over the 3 months period, Affiliated Managers Group faced challenges, resulting in a decline of approximately -6.87% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 51.35%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Affiliated Managers Group's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 5.83.
</li>
</ul>
Debt Management: Affiliated Managers Group's debt-to-equity ratio is below the industry average. With a ratio of 0.71, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 9.19, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 3.28 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry benchmarks at 5.1, Affiliated Managers Group presents an attractive value opportunity.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Illuminating the Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Essential Transaction Codes Unveiled</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001004434">Check Out The Full List Of Affiliated Managers Group's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Jay Horgen Takes A Bullish Stance, Acquiring $51.38M Worth Of Affiliated Managers Group Stock Options

The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on BlackRock, Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/blk#NYSE">BLK</a>) application for a spot Ethereum exchange-traded fund (AMEX:ETF). The first time the SEC delayed its decision on BLK&#39;s spot Ether ETF application was this January, after approving the launch of spot Bitcoin ETFs.
With the current delay, the SEC has launched comment periods for the application in process.
The regulator wants to know whether the arguments that were made in favor of the recently approved spot Bitcoin ETFs (the launch of spot Bitcoin ETFs was approved on Jan 10, 2024) support Ether ETFs as well.
Also, the SEC wants feedback on whether spot Ether ETFs are prone to manipulation. It further wants to know whether spot and futures Ether exchange-traded products are similar.
Now, it is expected that the SEC will come up with a final decision on Ether ETF applications by May 23.
BLK filed for spot Ethereum ETF, named iShares Ethereum Trust, with the SEC in November 2023. Following this, price of Ethereum surged to its highest-level last year before pulling back afterward.
Notably, a spot crypto ETF tracks the market price of the underlying digital asset, giving investors exposure to the token without having to buy it.
In this case, the ETF would track the spot price of Ethereum, meaning that investors would invest in the price of Ethereum itself rather than in a company that is involved in the Ethereum ecosystem.
For years, the SEC warned of the risks of the largely unregulated crypto markets, turning various crypto-based investment applications away and levying fines on alleged crypto scams.
However, after the SEC allowed the trading of spot Bitcoin ETFs, there has been a shift in how cryptocurrencies are viewed and traded by investors.
Last month, Franklin Resources, Inc. BEN became the eighth firm within the crypto industry to file for a spot Ethereum ETF. Including BEN, all the firms that have been competing to introduce spot Ethereum ETFs rolled out spot Bitcoin products in January.
In June 2023, BLK became the first asset manager to file for a spot Bitcoin ETF, paving the way for a wave of filings by other asset managers like Fidelity, Invesco and WisdomTree.
Over the past six months, shares of BLK have gained 19.7% compared with the <a href="https://www.zacks.com/stocks/industry-rank/industry/financial-investment-management-63">industry</a>&#39;s 24.9% growth. 
&nbsp;
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/60/62366.jpg?v=1241308129" /> 
Image Source: Zacks Investment Research
A better-ranked stock from the same space is Affiliated Managers Group, Inc. AMG. Currently, AMG carries a Zacks Rank #2 (Buy). Over the past 60 days, the Zacks Consensus Estimate for the company&#39;s current-year earnings has been revised 5.7% upward. In the past six months, AMG shares have gained 22.4%.
&nbsp;
&nbsp;
<a href="https://www.zacks.com/stock/news/2236648/decision-on-blackrock-blk-ether-etf-application-delayed-again?cid=CS-BENZ-FT-analyst_blog|company_news_-_finance_sector-2236648">To read this article on Zacks.com click here.</a>
<a href="https://www.zacks.com/">Zacks Investment Research</a>

Affiliated Managers Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) short percent of float has risen 7.39% since its last report. The company recently reported that it has 642 thousand shares sold short, which is 2.18% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.11 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Affiliated Managers Group Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1708452018_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Affiliated Managers Group has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Affiliated Managers Group's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Affiliated Managers Group's peer group average for short interest as a percentage of float is 2.58%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Tuesday marks the last chance for investors to receive the next dividend payout from Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>). 
<h3>What's Happening</h3>
The company announced on Monday that it would pay shareholders a quarterly dividend of 1 cents per share. On Wednesday, Affiliated Managers Group will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 1 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own AMG as of the end of Tuesday's session are eligible to receive the 1 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on February 29, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on Affiliated Managers Group's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Dividends

Tuesday Is Your Last Chance To Buy Affiliated Managers Group Before The Dividend Payout

Completed investment in&nbsp;Ara Partners, a private markets firm specializing in industrial decarbonization, further enhancing AMG&#39;s exposure to secular growth areas
<div>Completed investment in&nbsp;<a href="https://ir.amg.com/news-releases/news-release-details/amg-announces-partnership-ara-partners" target="_blank">Ara Partners</a>, a private markets firm specializing in industrial decarbonization, further enhancing AMG&#39;s exposure to secular growth areas</div>

Affiliated Managers Group Completed Investment In Ara Partners, A Private Markets Firm Specializing In Industrial Decarbonization

Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) reported quarterly earnings of $6.86 per share which beat the analyst consensus estimate of $6.02 by 13.95 percent. This is a 5.77 percent decrease over earnings of $7.28 per share from the same period last year. The company reported quarterly sales of $502.70 million which missed the analyst consensus estimate of $524.98 million by 4.24 percent. This is a 6.84 percent decrease over sales of $539.60 million the same period last year.

Earnings

Affiliated Managers Group Q4 Adj EPS $6.86 Beats $6.02 Estimate, Sales $502.70M Miss $524.98M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; NAPCO Security Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NSSC#NASDAQ">NSSC</a>) is estimated to report quarterly earnings at $0.26 per share on revenue of $43.92 million.
&bull; Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) is projected to report quarterly earnings at $5.98 per share on revenue of $524.15 million.
&bull; Sphere Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPHR#NYSE">SPHR</a>) is expected to report quarterly loss at $0.85 per share on revenue of $300.23 million.
&bull; Bowlero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOWL#NYSE">BOWL</a>) is estimated to report quarterly earnings at $0.12 per share on revenue of $300.52 million.
&bull; ON Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) is estimated to report quarterly earnings at $1.21 per share on revenue of $2.00 billion.
&bull; Tyson Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $13.36 billion.
&bull; McDonald&#39;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) is likely to report quarterly earnings at $2.82 per share on revenue of $6.45 billion.
&bull; Estee Lauder Cos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) is expected to report quarterly earnings at $0.55 per share on revenue of $4.20 billion.
&bull; IDEXX Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDXX#NASDAQ">IDXX</a>) is expected to report quarterly earnings at $2.11 per share on revenue of $889.85 million.
&bull; Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) is projected to report quarterly earnings at $4.75 per share on revenue of $17.11 billion.
&bull; Graham (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHM#NYSE">GHM</a>) is projected to report quarterly loss at $0.03 per share on revenue of $38.94 million.
&bull; CNA Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNA#NYSE">CNA</a>) is likely to report quarterly earnings at $1.10 per share on revenue of $2.95 billion.
&bull; Mitsubishi UFJ Finl Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUFG#NYSE">MUFG</a>) is projected to report earnings for its third quarter.
&bull; Timken (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKR#NYSE">TKR</a>) is estimated to report quarterly earnings at $1.22 per share on revenue of $1.06 billion.
&bull; Loews (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/L#NYSE">L</a>) is likely to report earnings for its fourth quarter.
&bull; Mesa Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLAB#NASDAQ">MLAB</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $54.89 million.
&bull; Air Products &amp; Chemicals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APD#NYSE">APD</a>) is expected to report quarterly earnings at $3.00 per share on revenue of $3.20 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Bright Scholar Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEDU#NYSE">BEDU</a>) is projected to report earnings for its first quarter.
&bull; IRSA Inversiones y (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRS#NYSE">IRS</a>) is estimated to report earnings for its second quarter.
&bull; Kilroy Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRC#NYSE">KRC</a>) is projected to report earnings for its fourth quarter.
&bull; BellRing Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRBR#NYSE">BRBR</a>) is estimated to report quarterly earnings at $0.39 per share on revenue of $412.86 million.
&bull; Hillenbrand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HI#NYSE">HI</a>) is expected to report quarterly earnings at $0.68 per share on revenue of $777.81 million.
&bull; NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) is estimated to report quarterly earnings at $3.63 per share on revenue of $3.40 billion.
&bull; Symbotic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) is likely to report quarterly loss at $0.06 per share on revenue of $368.89 million.
&bull; Golub Capital BDC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GBDC#NASDAQ">GBDC</a>) is likely to report quarterly earnings at $0.48 per share on revenue of $160.51 million.
&bull; Kforce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KFRC#NASDAQ">KFRC</a>) is projected to report quarterly earnings at $0.79 per share on revenue of $363.36 million.
&bull; Vertex Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>) is estimated to report quarterly earnings at $4.09 per share on revenue of $2.51 billion.
&bull; Itau Unibanco Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITUB#NYSE">ITUB</a>) is estimated to report quarterly earnings at $0.19 per share on revenue of $7.99 billion.
&bull; United States Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) is projected to report quarterly earnings at $0.37 per share on revenue of $299.98 million.
&bull; Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) is expected to report quarterly earnings at $0.07 per share on revenue of $602.55 million.
&bull; Skyline Champion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKY#NYSE">SKY</a>) is estimated to report quarterly earnings at $0.64 per share on revenue of $499.72 million.
&bull; AECOM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACM#NYSE">ACM</a>) is likely to report quarterly earnings at $0.95 per share on revenue of $3.66 billion.
&bull; Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) is expected to report quarterly earnings at $0.41 per share on revenue of $1.68 billion.
&bull; Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $1.12 billion.
&bull; Simpson Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSD#NYSE">SSD</a>) is estimated to report quarterly earnings at $1.48 per share on revenue of $482.21 million.
&bull; Fabrinet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FN#NYSE">FN</a>) is projected to report quarterly earnings at $2.03 per share on revenue of $693.15 million.
&bull; Kimball Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KE#NASDAQ">KE</a>) is estimated to report quarterly earnings at $0.44 per share on revenue of $435.67 million.
&bull; Cabot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBT#NYSE">CBT</a>) is likely to report quarterly earnings at $1.49 per share on revenue of $952.85 million.
&bull; ChampionX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHX#NASDAQ">CHX</a>) is likely to report quarterly earnings at $0.44 per share on revenue of $950.17 million.
&bull; Crown Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCK#NYSE">CCK</a>) is estimated to report quarterly earnings at $1.43 per share on revenue of $2.95 billion.
&bull; Flexsteel Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLXS#NASDAQ">FLXS</a>) is likely to report quarterly earnings at $0.56 per share on revenue of $102.12 million.
&bull; Gladstone Cap (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLAD#NASDAQ">GLAD</a>) is projected to report quarterly earnings at $0.28 per share on revenue of $23.39 million.
&bull; Rambus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>) is estimated to report quarterly earnings at $0.45 per share on revenue of $134.00 million.
&bull; Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) is estimated to report quarterly earnings at $0.36 per share on revenue of $187.44 million.
&bull; Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) is estimated to report earnings for its fourth quarter.
&bull; Varonis Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNS#NASDAQ">VRNS</a>) is estimated to report quarterly earnings at $0.23 per share on revenue of $151.88 million.
&bull; Intevac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVAC#NASDAQ">IVAC</a>) is estimated to report quarterly loss at $0.12 per share on revenue of $9.70 million.
&bull; FMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>) is estimated to report quarterly earnings at $1.08 per share on revenue of $1.25 billion.
&bull; J&amp;J Snack Foods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JJSF#NASDAQ">JJSF</a>) is expected to report quarterly earnings at $0.78 per share on revenue of $362.88 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For February 5, 2024

Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) is set to give its latest quarterly earnings report on Monday, 2024-02-05. Here's what investors need to know before the announcement.
Analysts estimate that Affiliated Managers Group will report an earnings per share (EPS) of $5.98. 
Affiliated Managers Group bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.33, which was followed by a 0.28% drop in the share price the next day.
Here's a look at Affiliated Managers Group's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>3.75</td>
<td>4.23</td>
<td>4.16</td>
<td>7.06</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>4.08</td>
<td>4.45</td>
<td>4.18</td>
<td>7.28</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.28%</td>
<td>-1.29%</td>
<td>-1.3%</td>
<td>-0.13%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706893242_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Affiliated Managers Group were trading at $151.27 as of February 01. Over the last 52-week period, shares are down 11.74%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/AMG/earnings">To track all earnings releases for Affiliated Managers Group visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Affiliated Managers Group

Affiliated Managers Group Appoints Reuben Jeffery III As Chair Of Board Of Directors, Effective Jan 26, 2024

Barrington Research analyst Alexander Paris maintains Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) with a Outperform and raises the price target from $165 to $175.

Barrington Research Maintains Outperform on Affiliated Managers Group, Raises Price Target to $175

TD Cowen analyst Bill Kirk initiates coverage on Affiliated Managers Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>) with a Outperform rating and announces Price Target of $185.

Initiation

TD Cowen Initiates Coverage On Affiliated Managers Group with Outperform Rating, Announces Price Target of $185

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Hannon Armstrong Sustainable Infrastructure Capital

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Shares of financial stocks are trading higher amid strong market sentiment following the Fed's decision to leave rates unchanged.

The 30 largest blue-chip stocks within the Dow Jones Industrial Average index surged to unprecedented highs, eclipsing the <a href="https://www.benzinga.com/markets">37,000-point mark on Wednesday</a>. 
This rally followed the Federal Reserve&#8217;s decision to maintain interest rates steady at 5.25%-5.5%. The Dow climbed 1.2% after Federal Reserve Chair Jerome Powell effectively declared an end to the Fed&#8217;s rate-hiking cycle that commenced last year and hinted at the start of a rate-cutting <a href="https://www.benzinga.com/economics/macro-economic-events/23/12/36225016/powell-signals-peak-interest-rates-foresees-cuts-in-2024-markets-rally-traders-ex">cycle beginning in 2024.</a>
The blue-chip index, as tracked by the SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>), has channeled a rally of over 14% in the last six weeks and is on a streak of four consecutive sessions of gains.
<h2 class="wp-block-heading">Chart: Dow Jones Rallies Above 37,000, Setting New All-Time Highs</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/13165951/DJI_2023-12-13_20-59-06_cb3cf-1024x495.png" alt="" class="wp-image-160900" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/13165951/DJI_2023-12-13_20-59-06_cb3cf-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/13165951/DJI_2023-12-13_20-59-06_cb3cf-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/13165951/DJI_2023-12-13_20-59-06_cb3cf-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/13165951/DJI_2023-12-13_20-59-06_cb3cf-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/12/13165951/DJI_2023-12-13_20-59-06_cb3cf.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The Fed&#8217;s new economic projections reveal that policymakers suggested a median preference for rates at 4.6% by the end of 2024, signaling a tilt toward a 75-basis-point cut from current levels. The Fed&#8217;s forecasts anticipate rates will further decrease to 3.6% in 2025 and to 2.9% in 2026.
The market has reacted positively to these indications, increasing bets on rate cuts and now predicting a commencement in March 2024 with a total of six reductions throughout the next year, as per CME Group&#8217;s FedWatch Tool. 
The Dow is the first among the major U.S. stock indices to breach the all-time high barrier previously reached in late 2021 or early 2022.
The tech-heavy Nasdaq 100, tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), is now just 1.1% away from its all-time high reached in November 2021, while the S&amp;P 500 index, closely replicated by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), is 2.3% short of its peak hit in early January 2022. 
<h2 class="wp-block-heading">Dow Movers </h2>
The rally in the Dow was broad based, with 27 out of 30 stocks ending the day in the green. The only three laggards were International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) down 0.8%; Verizon Communication Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) down 0.8%; and Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>). 
Here&#8217;s an overview of the top 10 gainers in the Dow Jones today:
<figure class="wp-block-table"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Last</th>
<th>Chg %</th>
</tr>
</thead>
<tbody>
<tr>
<td>Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>)</td>
<td>$24.55</td>
<td>7.04%</td>
</tr>
<tr>
<td>The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>)</td>
<td>$343.42</td>
<td>3.07%</td>
</tr>
<tr>
<td>Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>)</td>
<td>$52.32</td>
<td>2.95%</td>
</tr>
<tr>
<td>The Goldman Sachs Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>)</td>
<td>$362.23</td>
<td>2.73%</td>
</tr>
<tr>
<td>Amgen Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>)</td>
<td>$280.95</td>
<td>2.54%</td>
</tr>
<tr>
<td>Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>)</td>
<td>$267.84</td>
<td>2.45%</td>
</tr>
<tr>
<td>Merck &amp; Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>)</td>
<td>$106.78</td>
<td>2.31%</td>
</tr>
<tr>
<td>American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>)</td>
<td>$174.59</td>
<td>2.08%</td>
</tr>
<tr>
<td>The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)</td>
<td>$92.68</td>
<td>1.77%</td>
</tr>
<tr>
<td>The Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>)</td>
<td>$148.38</td>
<td>1.68%</td>
</tr>
</tbody>
</table>
</figure>
Photo via Shutterstock.

Dow Jones Skyrockets To Record Heights, Shatters 37,000 Mark, Fueled By Fed's Dovish Stance

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/17/23</td>
<td>$100.00</td>
<td>$33.1K</td>
<td>13.9K</td>
<td>4.0K</td>
</tr>
<tr>
<td>HBAN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/19/24</td>
<td>$10.00</td>
<td>$48.7K</td>
<td>2.3K</td>
<td>709</td>
</tr>
<tr>
<td>KEY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/19/24</td>
<td>$11.00</td>
<td>$48.6K</td>
<td>3.5K</td>
<td>696</td>
</tr>
<tr>
<td>SCHW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/19/24</td>
<td>$55.00</td>
<td>$49.6K</td>
<td>7.7K</td>
<td>625</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$28.00</td>
<td>$58.6K</td>
<td>3.9K</td>
<td>600</td>
</tr>
<tr>
<td>TFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/19/24</td>
<td>$30.00</td>
<td>$49.3K</td>
<td>25.9K</td>
<td>224</td>
</tr>
<tr>
<td>AX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$30.00</td>
<td>$27.0K</td>
<td>358</td>
<td>194</td>
</tr>
<tr>
<td>MS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/19/24</td>
<td>$80.00</td>
<td>$29.1K</td>
<td>18.9K</td>
<td>171</td>
</tr>
<tr>
<td>AMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/15/24</td>
<td>$125.00</td>
<td>$26.7K</td>
<td>3</td>
<td>57</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$150.00</td>
<td>$27.4K</td>
<td>3.0K</td>
<td>50</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on November 17, 2023. This event was a transfer of 414 contract(s) at a $100.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $33.1K, with a price of $80.0 per contract. There were 13980 open contracts at this strike prior to today, and today 4016 contract(s) were bought and sold. 
• For HBAN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>), we notice a call option sweep that happens to be bullish, expiring in 67 day(s) on January 19, 2024. This event was a transfer of 695 contract(s) at a $10.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $48.7K, with a price of $70.0 per contract. There were 2396 open contracts at this strike prior to today, and today 709 contract(s) were bought and sold. 
• For KEY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>), we notice a call option sweep that happens to be bullish, expiring in 67 day(s) on January 19, 2024. This event was a transfer of 695 contract(s) at a $11.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $48.6K, with a price of $70.0 per contract. There were 3515 open contracts at this strike prior to today, and today 696 contract(s) were bought and sold. 
• For SCHW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>), we notice a call option sweep that happens to be bullish, expiring in 67 day(s) on January 19, 2024. This event was a transfer of 155 contract(s) at a $55.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $49.6K, with a price of $320.0 per contract. There were 7727 open contracts at this strike prior to today, and today 625 contract(s) were bought and sold. 
• For BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we notice a call option sweep that happens to be bullish, expiring in 312 day(s) on September 20, 2024. This event was a transfer of 200 contract(s) at a $28.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $58.6K, with a price of $293.0 per contract. There were 3997 open contracts at this strike prior to today, and today 600 contract(s) were bought and sold. 
• For TFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>), we notice a call option sweep that happens to be bullish, expiring in 67 day(s) on January 19, 2024. This event was a transfer of 290 contract(s) at a $30.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $49.3K, with a price of $170.0 per contract. There were 25956 open contracts at this strike prior to today, and today 224 contract(s) were bought and sold. 
• For AX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AX#NYSE">AX</a>), we notice a put option sweep that happens to be bullish, expiring in 158 day(s) on April 19, 2024. This event was a transfer of 50 contract(s) at a $30.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $540.0 per contract. There were 358 open contracts at this strike prior to today, and today 194 contract(s) were bought and sold. 
• Regarding MS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), we observe a put option sweep with neutral sentiment. It expires in 67 day(s) on January 19, 2024. Parties traded 55 contract(s) at a $80.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $29.1K, with a price of $530.0 per contract. There were 18975 open contracts at this strike prior to today, and today 171 contract(s) were bought and sold. 
• Regarding AMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMG#NYSE">AMG</a>), we observe a put option sweep with neutral sentiment. It expires in 123 day(s) on March 15, 2024. Parties traded 57 contract(s) at a $125.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $26.7K, with a price of $470.0 per contract. There were 3 open contracts at this strike prior to today, and today 57 contract(s) were bought and sold. 
• Regarding JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we observe a call option sweep with bearish sentiment. It expires in 123 day(s) on March 15, 2024. Parties traded 49 contract(s) at a $150.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $27.4K, with a price of $560.0 per contract. There were 3080 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

COIN

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