National Investment Services Inc. WI raised its position in Affiliated Managers Group Inc. (NYSE:AMG) by 2.3% during the second quarter, Holdings Channel reports. The institutional investor owned 14,804 shares of the company’s stock after buying an additional 329 shares during the period. Affiliated Managers Group comprises about 2.4% of National Investment Services Inc. WI’s holdings, making the stock its 22nd largest position. National Investment Services Inc. WI’s holdings in Affiliated Managers Group were worth $2,084,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Washington Trust Bank raised its stake in shares of Affiliated Managers Group by 90.1% in the second quarter. Washington Trust Bank now owns 998 shares of the company’s stock worth $140,000 after buying an additional 473 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in Affiliated Managers Group by 4.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 985 shares of the company’s stock valued at $160,000 after buying an additional 38 shares during the period. Bessemer Group Inc. purchased a new stake in Affiliated Managers Group during the first quarter valued at about $222,000. Boothbay Fund Management LLC raised its stake in Affiliated Managers Group by 45.6% in the first quarter. Boothbay Fund Management LLC now owns 1,884 shares of the company’s stock valued at $306,000 after buying an additional 590 shares during the period. Finally, Wade G W & Inc. purchased a new stake in Affiliated Managers Group during the first quarter valued at about $316,000. 96.69% of the stock is currently owned by institutional investors and hedge funds.

Affiliated Managers Group Inc. (NYSE:AMG) traded up 0.44% during trading on Monday, hitting $145.19. 535,453 shares of the company traded hands. The company has a market capitalization of $7.82 billion, a P/E ratio of 16.88 and a beta of 1.55. The stock has a 50 day moving average price of $143.37 and a 200 day moving average price of $154.36. Affiliated Managers Group Inc. has a 12-month low of $115.97 and a 12-month high of $190.74.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Monday, August 1st. The company reported $3.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.01 by $0.05. The company had revenue of $646.60 million for the quarter, compared to analysts’ expectations of $565.16 million. Affiliated Managers Group had a return on equity of 18.39% and a net margin of 20.47%. The firm’s revenue for the quarter was down 14.3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.08 earnings per share. On average, equities analysts anticipate that Affiliated Managers Group Inc. will post $12.85 earnings per share for the current year.

Several analysts have issued reports on AMG shares. Zacks Investment Research raised shares of Affiliated Managers Group from a “sell” rating to a “hold” rating in a research report on Friday, September 9th. Keefe, Bruyette & Woods dropped their price target on shares of Affiliated Managers Group from $215.00 to $196.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 2nd. Jefferies Group reaffirmed a “buy” rating on shares of Affiliated Managers Group in a research report on Thursday, August 11th. TheStreet lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Friday, June 24th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and set a $212.00 price target on shares of Affiliated Managers Group in a research report on Thursday, September 8th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $180.55.

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.

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