National Investment Services Inc. WI decreased its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 1.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 14,598 shares of the company’s stock after selling 206 shares during the period. Affiliated Managers Group accounts for 2.4% of National Investment Services Inc. WI’s investment portfolio, making the stock its 22nd largest position. National Investment Services Inc. WI’s holdings in Affiliated Managers Group were worth $2,112,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the company. Channing Capital Management LLC boosted its stake in Affiliated Managers Group by 2.8% in the third quarter. Channing Capital Management LLC now owns 86,414 shares of the company’s stock worth $12,504,000 after buying an additional 2,371 shares during the last quarter. Synovus Financial Corp boosted its stake in Affiliated Managers Group by 43,700.0% in the third quarter. Synovus Financial Corp now owns 2,190 shares of the company’s stock worth $314,000 after buying an additional 2,185 shares during the last quarter. World Asset Management Inc boosted its stake in Affiliated Managers Group by 2.7% in the third quarter. World Asset Management Inc now owns 5,228 shares of the company’s stock worth $756,000 after buying an additional 136 shares during the last quarter. First Citizens Bank & Trust Co. bought a new stake in Affiliated Managers Group during the third quarter worth about $2,863,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Affiliated Managers Group by 2.3% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 185,632 shares of the company’s stock worth $26,861,000 after buying an additional 4,213 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

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

Affiliated Managers Group, Inc. (NYSE:AMG) traded up 0.01% on Friday, reaching $143.60. The company had a trading volume of 377,298 shares. Affiliated Managers Group, Inc. has a 12 month low of $115.97 and a 12 month high of $179.85. The company’s 50 day moving average price is $148.95 and its 200-day moving average price is $144.07. The company has a market capitalization of $7.87 billion, a price-to-earnings ratio of 16.57 and a beta of 1.58.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings results on Monday, October 31st. The company reported $3.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.00 by $0.02. The business had revenue of $613.10 million for the quarter, compared to analyst estimates of $565.44 million. Affiliated Managers Group had a return on equity of 18.04% and a net margin of 21.10%. Affiliated Managers Group’s quarterly revenue was down 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.93 EPS. On average, equities analysts predict that Affiliated Managers Group, Inc. will post $12.75 earnings per share for the current fiscal year.

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A number of research firms have issued reports on AMG. Zacks Investment Research cut Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Monday. Goldman Sachs Group, Inc. (The) cut Affiliated Managers Group from a “conviction-buy” rating to a “buy” rating and set a $190.00 target price on the stock. in a research note on Wednesday, January 4th. Jefferies Group reiterated a “buy” rating and issued a $192.00 target price on shares of Affiliated Managers Group in a research note on Tuesday, December 13th. Credit Suisse Group reiterated an “outperform” rating on shares of Affiliated Managers Group in a research note on Saturday, December 10th. Finally, Deutsche Bank AG lowered Affiliated Managers Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $159.00 to $132.00 in a report on Friday, November 4th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $171.09.

In other Affiliated Managers Group news, CEO Sean M. Healey sold 62,000 shares of the business’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $154.84, for a total value of $9,600,080.00. Following the transaction, the chief executive officer now owns 122,292 shares of the company’s stock, valued at $18,935,693.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dwight D. Churchill sold 3,125 shares of the business’s stock in a transaction on Monday, December 12th. The stock was sold at an average price of $160.23, for a total value of $500,718.75. Following the completion of the transaction, the director now directly owns 6,667 shares in the company, valued at approximately $1,068,253.41. The disclosure for this sale can be found here. 1.96% of the stock is owned by corporate insiders.

Affiliated Managers Group Company Profile

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.

5 Day Chart for NYSE:AMG

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