Polar Capital LLP boosted its position in shares of Affiliated Managers Group Inc. (NYSE:AMG) by 83.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 128,120 shares of the company’s stock after buying an additional 58,278 shares during the period. Polar Capital LLP owned about 0.24% of Affiliated Managers Group worth $18,035,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atlanta Capital Management Co. L L C boosted its position in 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 during the period. Marshall Wace LLP boosted its position in Affiliated Managers Group by 107.3% in the second quarter. Marshall Wace LLP now owns 602,691 shares of the company’s stock worth $84,841,000 after buying an additional 311,991 shares during the period. Emerald Acquisition Ltd. purchased a new position in Affiliated Managers Group during the second quarter worth $40,476,000. Junto Capital Management LP purchased a new position in Affiliated Managers Group during the first quarter worth $23,903,000. Finally, Sirios Capital Management L P boosted its position in Affiliated Managers Group by 44.5% in the second quarter. Sirios Capital Management L P now owns 471,725 shares of the company’s stock worth $66,404,000 after buying an additional 145,196 shares during the period.

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

Shares of Affiliated Managers Group Inc. (NYSE:AMG) traded down 2.30% during trading on Friday, reaching $144.33. 671,364 shares of the company traded hands. The stock has a market capitalization of $7.91 billion, a PE ratio of 16.65 and a beta of 1.54. Affiliated Managers Group Inc. has a 52 week low of $115.97 and a 52 week high of $180.01. The firm has a 50 day moving average of $141.84 and a 200 day moving average of $149.28.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Monday, October 31st. The company reported $3.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.00 by $0.02. The business had revenue of $613.10 million for the quarter, compared to the consensus estimate of $565.44 million. Affiliated Managers Group had a net margin of 21.10% and a return on equity of 18.04%. The company’s revenue was down 11.2% compared to the same quarter last year. During the same period last year, the firm posted $2.93 earnings per share. On average, equities analysts predict that Affiliated Managers Group Inc. will post $12.80 EPS for the current year.

AMG has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Affiliated Managers Group from a “sell” rating to a “buy” rating and set a $164.00 target price on the stock in a research note on Tuesday, October 4th. Deutsche Bank AG cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $159.00 to $132.00 in a research note on Friday, November 4th. Keefe, Bruyette & Woods decreased their price target on shares of Affiliated Managers Group from $215.00 to $196.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 2nd. Capital One Financial Corp. reiterated a “buy” rating and issued a $188.00 price target on shares of Affiliated Managers Group in a research note on Wednesday, October 5th. Finally, Jefferies Group decreased their price target on shares of Affiliated Managers Group from $195.00 to $193.00 and set a “buy” rating on the stock in a research note on Tuesday, October 11th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Affiliated Managers Group presently has an average rating of “Buy” and a consensus target price of $173.67.

About Affiliated Managers Group

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.

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