Chevy Chase Trust Holdings Inc. decreased its stake in Affiliated Managers Group Inc. (NYSE:AMG) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,954 shares of the company’s stock after selling 1,014 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.08% of Affiliated Managers Group worth $6,505,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Calvert Investment Management Inc. raised its stake in Affiliated Managers Group by 0.4% in the second quarter. Calvert Investment Management Inc. now owns 4,083 shares of the company’s stock valued at $575,000 after buying an additional 18 shares during the last quarter. Pennsylvania Trust Co raised its stake in Affiliated Managers Group by 1.1% in the second quarter. Pennsylvania Trust Co now owns 2,376 shares of the company’s stock valued at $334,000 after buying an additional 26 shares during the last quarter. Ropes Wealth Advisors LLC raised its stake in Affiliated Managers Group by 1.7% in the second quarter. Ropes Wealth Advisors LLC now owns 1,779 shares of the company’s stock valued at $250,000 after buying an additional 29 shares during the last quarter. Ranger Investment Management L.P. raised its stake in Affiliated Managers Group by 0.3% in the second quarter. Ranger Investment Management L.P. now owns 9,475 shares of the company’s stock valued at $1,334,000 after buying an additional 30 shares during the last quarter. Finally, World Asset Management Inc raised its stake in Affiliated Managers Group by 0.6% in the second quarter. World Asset Management Inc now owns 5,092 shares of the company’s stock valued at $717,000 after buying an additional 32 shares during the last quarter. 95.94% of the stock is currently owned by institutional investors and hedge funds.

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

Affiliated Managers Group Inc. (NYSE:AMG) traded up 2.39% during midday trading on Wednesday, reaching $148.46. 425,080 shares of the company were exchanged. The stock has a market capitalization of $8.14 billion, a P/E ratio of 17.13 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’s 50 day moving average price is $141.13 and its 200-day moving average price is $147.11.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Monday, October 31st. The company reported $3.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.00 by $0.02. Affiliated Managers Group had a return on equity of 18.04% and a net margin of 21.10%. The business earned $613.10 million during the quarter, compared to analysts’ expectations of $565.44 million. During the same quarter in the prior year, the business earned $2.93 earnings per share. The company’s quarterly revenue was down 11.2% compared to the same quarter last year. Equities analysts forecast that Affiliated Managers Group Inc. will post $12.79 EPS for the current fiscal year.

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Several research analysts have issued reports on the stock. Jefferies Group decreased their target price on shares of Affiliated Managers Group from $195.00 to $193.00 and set a “buy” rating for the company in a report on Tuesday, October 11th. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $212.00 target price on shares of Affiliated Managers Group in a report on Thursday, September 8th. Zacks Investment Research raised shares of Affiliated Managers Group from a “sell” rating to a “hold” rating in a report on Friday, September 9th. Deutsche Bank AG lifted their target price on shares of Affiliated Managers Group from $184.00 to $191.00 and gave the stock a “buy” rating in a report on Friday, September 9th. Finally, Capital One Financial Corp. reaffirmed a “buy” rating and issued a $188.00 target price on shares of Affiliated Managers Group in a report on Wednesday, October 5th. Four investment 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. The stock has a consensus rating of “Buy” and an average price target 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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