Stoneridge Investment Partners LLC boosted its stake in shares of Affiliated Managers Group Inc. (NYSE:AMG) by 25.2% during the second quarter, Holdings Channel reports. The firm owned 45,491 shares of the company’s stock after buying an additional 9,150 shares during the period. Affiliated Managers Group makes up approximately 1.0% of Stoneridge Investment Partners LLC’s portfolio, making the stock its 25th largest position. Stoneridge Investment Partners LLC owned about 0.08% of Affiliated Managers Group worth $6,404,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Atlanta Capital Management Co. L L C boosted its stake in shares of Affiliated Managers Group by 41.2% in the first quarter. Atlanta Capital Management Co. L L C now owns 1,715,527 shares of the company’s stock valued at $278,601,000 after buying an additional 500,978 shares in the last quarter. Jackson Square Partners LLC boosted its stake in shares of Affiliated Managers Group by 14.8% in the first quarter. Jackson Square Partners LLC now owns 742,972 shares of the company’s stock valued at $120,658,000 after buying an additional 95,592 shares in the last quarter. Norges Bank bought a new stake in shares of Affiliated Managers Group during the fourth quarter valued at $75,826,000. Granahan Investment Management Inc. MA boosted its stake in shares of Affiliated Managers Group by 2.4% in the first quarter. Granahan Investment Management Inc. MA now owns 307,513 shares of the company’s stock valued at $49,940,000 after buying an additional 7,290 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Affiliated Managers Group by 0.7% in the first quarter. Legal & General Group Plc now owns 220,300 shares of the company’s stock valued at $35,777,000 after buying an additional 1,555 shares in the last quarter. Hedge funds and other institutional investors own 96.69% of the company’s stock.

Affiliated Managers Group Inc. (NYSE:AMG) traded up 0.44% on Monday, hitting $145.19. The stock had a trading volume of 535,453 shares. The stock’s 50-day moving average is $143.37 and its 200 day moving average is $154.36. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 16.88 and a beta of 1.55. Affiliated Managers Group Inc. has a 1-year low of $115.97 and a 1-year high of $190.74.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data 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. Affiliated Managers Group had a return on equity of 18.39% and a net margin of 20.47%. The company had revenue of $646.60 million for the quarter, compared to analysts’ expectations of $565.16 million. During the same period in the previous year, the firm posted $3.08 earnings per share. The firm’s revenue for the quarter was down 14.3% on a year-over-year basis. On average, equities research analysts predict that Affiliated Managers Group Inc. will post $12.85 earnings per share for the current fiscal year.

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