North Star Asset Management Inc. boosted its position in shares of Affiliated Managers Group Inc. (NYSE:AMG) by 2.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 79,211 shares of the company’s stock after buying an additional 1,907 shares during the period. Affiliated Managers Group comprises 1.3% of North Star Asset Management Inc.’s investment portfolio, making the stock its 18th largest position. North Star Asset Management Inc. owned about 0.15% of Affiliated Managers Group worth $11,150,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services Inc bought a new stake in shares of Affiliated Managers Group during the first quarter worth about $449,000. Chevy Chase Trust Holdings Inc. raised its stake in shares of Affiliated Managers Group by 0.9% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 45,968 shares of the company’s stock worth $6,471,000 after buying an additional 411 shares in the last quarter. Atlanta Capital Management Co. L L C raised 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 worth $278,601,000 after buying an additional 500,978 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its stake in shares of Affiliated Managers Group by 4.8% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 70,250 shares of the company’s stock worth $9,889,000 after buying an additional 3,195 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. raised its stake in shares of Affiliated Managers Group by 285.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 31,853 shares of the company’s stock worth $4,484,000 after buying an additional 23,585 shares in the last quarter.

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

Affiliated Managers Group Inc. (NYSE:AMG) traded down 2.34% during mid-day trading on Thursday, reaching $142.40. 260,181 shares of the company were exchanged. The stock’s 50-day moving average price is $145.00 and its 200-day moving average price is $153.41. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 16.56 and a beta of 1.56. Affiliated Managers Group Inc. has a 1-year low of $115.97 and a 1-year high of $190.74.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Monday, August 1st. The company reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.05. Affiliated Managers Group had a return on equity of 18.39% and a net margin of 20.47%. The business earned $646.60 million during the quarter, compared to the consensus estimate of $565.16 million. During the same period last year, the company earned $3.08 EPS. The company’s revenue for the quarter was down 14.3% on a year-over-year basis. On average, equities research analysts anticipate that Affiliated Managers Group Inc. will post $12.85 EPS for the current fiscal year.

AMG has been the subject of a number of recent analyst reports. Deutsche Bank AG boosted their target price on shares of Affiliated Managers Group from $186.00 to $188.00 and gave the company a “buy” rating in a research note on Wednesday, October 5th. Jefferies Group reissued a “buy” rating on shares of Affiliated Managers Group in a research note on Thursday, August 11th. Zacks Investment Research raised shares of Affiliated Managers Group from a “sell” rating to a “hold” rating in a research note on Friday, September 9th. Finally, TheStreet lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Friday, June 24th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $179.75.

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

Receive News & Stock Ratings for Affiliated Managers Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affiliated Managers Group Inc. and related stocks with our FREE daily email newsletter.