Harbor Advisors LLC maintained its stake in Affiliated Managers Group, Inc. (NYSE:AMG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,500 shares of the asset manager’s stock at the close of the second quarter. Harbor Advisors LLC’s holdings in Affiliated Managers Group were worth $415,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Prudential PLC lifted its position in shares of Affiliated Managers Group by 15.3% during the second quarter. Prudential PLC now owns 146,997 shares of the asset manager’s stock worth $24,381,000 after purchasing an additional 19,545 shares in the last quarter. Clinton Group Inc. bought a new position in Affiliated Managers Group in the 2nd quarter worth approximately $2,451,000. HighTower Advisors LLC lifted its holdings in Affiliated Managers Group by 38.0% during the 2nd quarter. HighTower Advisors LLC now owns 6,582 shares of the asset manager’s stock worth $1,091,000 after buying an additional 1,814 shares in the last quarter. Bancorpsouth Inc. lifted its holdings in Affiliated Managers Group by 12.0% during the 2nd quarter. Bancorpsouth Inc. now owns 1,695 shares of the asset manager’s stock worth $281,000 after buying an additional 181 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Affiliated Managers Group by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 295,233 shares of the asset manager’s stock worth $48,967,000 after buying an additional 767 shares in the last quarter. Institutional investors own 96.27% of the company’s stock.

A number of brokerages have commented on AMG. Zacks Investment Research upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $213.00 price objective on the stock in a research report on Monday. Jefferies Group LLC restated a “buy” rating and set a $200.00 target price on shares of Affiliated Managers Group in a research report on Friday, August 18th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $215.00 price target on shares of Affiliated Managers Group in a research note on Thursday, August 3rd. BidaskClub lowered Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, ValuEngine upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $198.88.

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Shares of Affiliated Managers Group, Inc. (NYSE AMG) traded up 0.59% during midday trading on Wednesday, hitting $194.00. The company had a trading volume of 92,300 shares. The stock has a market capitalization of $10.86 billion, a price-to-earnings ratio of 21.49 and a beta of 1.66. Affiliated Managers Group, Inc. has a one year low of $130.48 and a one year high of $195.00. The stock’s 50-day moving average price is $179.38 and its 200-day moving average price is $168.57.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Monday, July 31st. The asset manager reported $3.33 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $570.90 million for the quarter, compared to the consensus estimate of $573.73 million. During the same period in the previous year, the business earned $3.07 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Analysts predict that Affiliated Managers Group, Inc. will post $14.53 EPS for the current 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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