Tredje AP fonden grew its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 24.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,780 shares of the asset manager’s stock after purchasing an additional 347 shares during the quarter. Tredje AP fonden’s holdings in Affiliated Managers Group were worth $295,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in AMG. Creative Planning raised its holdings in Affiliated Managers Group by 15.0% during the 2nd quarter. Creative Planning now owns 705 shares of the asset manager’s stock worth $117,000 after purchasing an additional 92 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in Affiliated Managers Group by 2.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 755 shares of the asset manager’s stock worth $125,000 after purchasing an additional 16 shares during the last quarter. Financial Architects Inc grew its position in shares of Affiliated Managers Group by 2.1% during the 2nd quarter. Financial Architects Inc now owns 833 shares of the asset manager’s stock worth $138,000 after buying an additional 17 shares during the period. FNY Partners Fund LP acquired a new stake in shares of Affiliated Managers Group during the 1st quarter worth approximately $163,000. Finally, Global X Management Co. LLC grew its position in shares of Affiliated Managers Group by 78.5% during the 2nd quarter. Global X Management Co. LLC now owns 980 shares of the asset manager’s stock worth $163,000 after buying an additional 431 shares during the period. Hedge funds and other institutional investors own 96.17% of the company’s stock.

Shares of Affiliated Managers Group, Inc. (NYSE AMG) opened at 179.87 on Friday. The firm has a market cap of $10.07 billion, a P/E ratio of 19.93 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. The company has a 50-day moving average of $177.11 and a 200 day moving average of $166.75.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Monday, July 31st. The asset manager reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.24 by $0.09. The business had revenue of $570.90 million during 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 quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.07 earnings per share. On average, equities analysts expect that Affiliated Managers Group, Inc. will post $14.55 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were issued a $0.20 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.80 dividend on an annualized basis and a yield of 0.44%. Affiliated Managers Group’s dividend payout ratio (DPR) is 8.87%.

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Several analysts have recently commented 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 research report on Sunday, July 9th. Zacks Investment Research raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $186.00 price objective for the company in a research report on Tuesday, July 4th. ValuEngine downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Citigroup Inc. downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $180.00 price objective for the company. in a research report on Monday, June 5th. Finally, BidaskClub raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $195.50.

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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