Lee Capital Management LP continued to hold its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,000 shares of the asset manager’s stock at the close of the second quarter. Lee Capital Management LP’s holdings in Affiliated Managers Group were worth $498,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AMG. BlackRock Inc. grew its position in shares of Affiliated Managers Group by 3,178.4% during the first quarter. BlackRock Inc. now owns 3,425,390 shares of the asset manager’s stock worth $561,556,000 after acquiring an additional 3,320,906 shares during the last quarter. Harbour Capital Advisors LLC grew its position in shares of Affiliated Managers Group by 15,766.6% during the second quarter. Harbour Capital Advisors LLC now owns 1,042,596 shares of the asset manager’s stock worth $6,286,000 after acquiring an additional 1,036,025 shares during the last quarter. EdgePoint Investment Group Inc. grew its position in shares of Affiliated Managers Group by 42.2% during the second quarter. EdgePoint Investment Group Inc. now owns 1,932,316 shares of the asset manager’s stock worth $320,494,000 after acquiring an additional 573,066 shares during the last quarter. FMR LLC grew its position in shares of Affiliated Managers Group by 33.8% during the second quarter. FMR LLC now owns 1,146,357 shares of the asset manager’s stock worth $190,134,000 after acquiring an additional 289,885 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Affiliated Managers Group by 5.1% during the second quarter. Vanguard Group Inc. now owns 5,574,012 shares of the asset manager’s stock worth $924,505,000 after acquiring an additional 270,929 shares during the last quarter. Institutional investors and hedge funds own 96.16% of the company’s stock.

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Several research firms have recently commented on AMG. Jefferies Group LLC restated a “buy” rating and set a $200.00 price target on shares of Affiliated Managers Group in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $186.00 target price for the company in a research report on Tuesday, July 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $215.00 target price on shares of Affiliated Managers Group in a research report on Thursday, August 3rd. ValuEngine upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, BidaskClub upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Affiliated Managers Group currently has a consensus rating of “Buy” and a consensus price target of $195.50.

Shares of Affiliated Managers Group, Inc. (NYSE AMG) traded up 0.23% during trading on Friday, reaching $189.83. 176,650 shares of the company were exchanged. Affiliated Managers Group, Inc. has a 52-week low of $130.48 and a 52-week high of $191.98. The stock has a 50-day moving average of $177.13 and a 200 day moving average of $166.93. The stock has a market capitalization of $10.62 billion, a P/E ratio of 21.03 and a beta of 1.66.

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

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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