Tiverton Asset Management LLC trimmed its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 14.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,543 shares of the asset manager’s stock after selling 19,348 shares during the period. Affiliated Managers Group makes up about 1.0% of Tiverton Asset Management LLC’s holdings, making the stock its 21st biggest position. Tiverton Asset Management LLC owned approximately 0.21% of Affiliated Managers Group worth $19,164,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Rock Point Advisors LLC raised its position in Affiliated Managers Group by 2.1% during the second quarter. Rock Point Advisors LLC now owns 18,120 shares of the asset manager’s stock valued at $3,005,000 after buying an additional 375 shares during the period. Norinchukin Bank The raised its position in Affiliated Managers Group by 12.1% during the second quarter. Norinchukin Bank The now owns 2,235 shares of the asset manager’s stock valued at $371,000 after buying an additional 242 shares during the period. Teachers Advisors LLC raised its position in Affiliated Managers Group by 20.3% during the second quarter. Teachers Advisors LLC now owns 167,539 shares of the asset manager’s stock valued at $27,788,000 after buying an additional 28,297 shares during the period. Raymond James Trust N.A. raised its position in Affiliated Managers Group by 29.0% during the second quarter. Raymond James Trust N.A. now owns 1,870 shares of the asset manager’s stock valued at $310,000 after buying an additional 420 shares during the period. Finally, Stephens Inc. AR raised its position in Affiliated Managers Group by 0.4% during the second quarter. Stephens Inc. AR now owns 2,247 shares of the asset manager’s stock valued at $373,000 after buying an additional 9 shares during the period. 96.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) traded down 0.20% on Thursday, reaching $176.90. The company’s stock had a trading volume of 59,489 shares. The company has a 50 day moving average price of $177.29 and a 200 day moving average price of $166.51. The company has a market cap of $9.90 billion, a P/E ratio of 19.60 and a beta of 1.66. Affiliated Managers Group, Inc. has a 52-week low of $130.48 and a 52-week high of $187.08.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Tuesday, August 8th. Affiliated Managers Group’s payout ratio is presently 8.87%.

Several research analysts recently weighed in on the company. BidaskClub lowered Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Jefferies Group LLC reissued a “buy” rating and set a $200.00 price target on shares of Affiliated Managers Group in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $215.00 price target on shares of Affiliated Managers Group in a research report on Thursday, August 3rd. Credit Suisse Group upped their price target on Affiliated Managers Group from $205.00 to $223.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. Finally, Zacks Investment Research lowered Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Affiliated Managers Group currently has an average rating of “Buy” and a consensus price target of $195.50.

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About Affiliated Managers Group

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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