North Star Asset Management Inc. maintained its stake in shares of Affiliated Managers Group Inc. (NYSE:AMG) during the second quarter, according to its most recent filing with the SEC. The fund owned 77,304 shares of the company’s stock at the end of the second quarter. Affiliated Managers Group accounts for approximately 1.5% of North Star Asset Management Inc.’s holdings, making the stock its 14th largest position. North Star Asset Management Inc. owned approximately 0.14% of Affiliated Managers Group worth $12,555,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Atlanta Capital Management Co. L L C increased its stake in shares of Affiliated Managers Group by 41.2% in the first quarter. Atlanta Capital Management Co. L L C now owns 1,715,527 shares of the company’s stock valued at $278,601,000 after buying an additional 500,978 shares in the last quarter. Junto Capital Management LP bought a new position in Affiliated Managers Group during the first quarter worth about $23,903,000. Jackson Square Partners LLC increased its position in Affiliated Managers Group by 14.8% in the first quarter. Jackson Square Partners LLC now owns 742,972 shares of the company’s stock worth $120,658,000 after buying an additional 95,592 shares during the period. American Financial Group Inc. increased its position in Affiliated Managers Group by 166.7% in the first quarter. American Financial Group Inc. now owns 80,000 shares of the company’s stock worth $12,992,000 after buying an additional 50,000 shares during the period. Finally, PGGM Investments increased its position in Affiliated Managers Group by 31.9% in the second quarter. PGGM Investments now owns 187,498 shares of the company’s stock worth $26,394,000 after buying an additional 45,364 shares during the period. Institutional investors own 96.68% of the company’s stock.

Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

Affiliated Managers Group Inc. (NYSE:AMG) traded down 0.89% during midday trading on Friday, hitting $153.06. 422,952 shares of the company were exchanged. Affiliated Managers Group Inc. has a 1-year low of $115.97 and a 1-year high of $190.74. The stock has a market capitalization of $8.25 billion, a price-to-earnings ratio of 17.80 and a beta of 1.56. The stock has a 50 day moving average of $144.17 and a 200-day moving average of $153.72.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, August 1st. The company reported $3.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.01 by $0.05. The business had revenue of $646.60 million for the quarter, compared to analysts’ expectations of $565.16 million. Affiliated Managers Group had a net margin of 20.47% and a return on equity of 18.39%. The business’s revenue was down 14.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.08 earnings per share. Equities analysts expect that Affiliated Managers Group Inc. will post $12.85 earnings per share for the current year.

A number of equities analysts have issued reports on AMG shares. Deutsche Bank AG cut their price target on Affiliated Managers Group from $210.00 to $207.00 and set a “buy” rating for the company in a research note on Thursday, June 16th. TheStreet downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Friday, June 24th. Jefferies Group cut their price target on Affiliated Managers Group from $197.00 to $195.00 and set a “buy” rating for the company in a research note on Monday, July 11th. Keefe, Bruyette & Woods cut their price target on Affiliated Managers Group from $215.00 to $196.00 and set an “outperform” rating for the company in a research note on Tuesday, August 2nd. Finally, Zacks Investment Research downgraded Affiliated Managers Group from a “hold” rating to a “sell” rating in a research note on Monday, August 8th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $179.92.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms (Affiliates). The Company is focused on investing in the boutique investment management firms globally, including traditional, alternative and wealth management firms, specializing in an array of active return-oriented investment strategies.

5 Day Chart for NYSE:AMG

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