Bruni J V & Co. Co. boosted its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 229,486 shares of the asset manager’s stock after buying an additional 836 shares during the period. Affiliated Managers Group makes up approximately 7.3% of Bruni J V & Co. Co.’s investment portfolio, making the stock its 4th largest position. Bruni J V & Co. Co. owned approximately 0.41% of Affiliated Managers Group worth $38,063,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Affiliated Managers Group by 4.8% in the first quarter. Vanguard Group Inc. now owns 5,303,083 shares of the asset manager’s stock valued at $869,387,000 after buying an additional 243,426 shares in the last quarter. BlackRock Inc. increased its position in Affiliated Managers Group by 3,178.4% in the first quarter. BlackRock Inc. now owns 3,425,390 shares of the asset manager’s stock valued at $561,556,000 after buying an additional 3,320,906 shares in the last quarter. State Street Corp increased its position in Affiliated Managers Group by 8.5% in the first quarter. State Street Corp now owns 2,583,067 shares of the asset manager’s stock valued at $423,466,000 after buying an additional 202,802 shares in the last quarter. Bank of America Corp DE increased its position in Affiliated Managers Group by 11.0% in the first quarter. Bank of America Corp DE now owns 1,697,570 shares of the asset manager’s stock valued at $278,300,000 after buying an additional 168,151 shares in the last quarter. Finally, Harbour Capital Advisors LLC increased its position in Affiliated Managers Group by 15,766.6% in the second quarter. Harbour Capital Advisors LLC now owns 1,042,596 shares of the asset manager’s stock valued at $6,286,000 after buying an additional 1,036,025 shares in the last quarter. 95.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Affiliated Managers Group, Inc. (AMG) opened at 174.88 on Friday. The firm’s 50 day moving average is $177.35 and its 200 day moving average is $165.90. The company has a market cap of $9.79 billion, a PE ratio of 19.37 and a beta of 1.65. Affiliated Managers Group, Inc. has a 12 month low of $130.48 and a 12 month high of $187.08.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Monday, July 31st. The asset manager reported $3.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.24 by $0.09. The business had revenue of $570.90 million during the quarter, compared to analysts’ expectations of $573.73 million. Affiliated Managers Group had a net margin of 22.99% and a return on equity of 17.45%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.07 EPS. On average, equities analysts predict that Affiliated Managers Group, Inc. will post $14.55 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.80 annualized dividend and a yield of 0.46%. Affiliated Managers Group’s payout ratio is currently 8.87%.

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Several research analysts have issued reports on AMG shares. Credit Suisse Group reaffirmed a “buy” rating and set a $207.00 price objective on shares of Affiliated Managers Group in a report on Sunday, July 9th. BidaskClub raised Affiliated Managers Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Citigroup Inc. reaffirmed a “buy” rating on shares of Affiliated Managers Group in a report on Tuesday, May 2nd. Zacks Investment Research downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Finally, ValuEngine downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Affiliated Managers Group has an average rating of “Buy” and an average target price of $195.50.

In other Affiliated Managers Group news, CEO Sean M. Healey sold 56,928 shares of the stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $161.07, for a total transaction of $9,169,392.96. Following the completion of the sale, the chief executive officer now owns 206,689 shares of the company’s stock, valued at approximately $33,291,397.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight D. Churchill sold 3,277 shares of the stock in a transaction on Monday, June 5th. The shares were sold at an average price of $163.30, for a total transaction of $535,134.10. Following the sale, the director now directly owns 7,301 shares of the company’s stock, valued at approximately $1,192,253.30. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

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

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