Redpoint Investment Management Pty Ltd boosted its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,398 shares of the asset manager’s stock after purchasing an additional 343 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in Affiliated Managers Group were worth $1,397,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMG. Hillsdale Investment Management Inc. lifted its position in shares of Affiliated Managers Group by 15.2% during the first quarter. Hillsdale Investment Management Inc. now owns 2,420 shares of the asset manager’s stock worth $459,000 after acquiring an additional 320 shares in the last quarter. Rosenblum Silverman Sutton S F Inc ca lifted its position in shares of Affiliated Managers Group by 2.8% during the first quarter. Rosenblum Silverman Sutton S F Inc ca now owns 13,020 shares of the asset manager’s stock worth $2,468,000 after acquiring an additional 350 shares in the last quarter. Quantitative Systematic Strategies LLC lifted its position in shares of Affiliated Managers Group by 17.6% during the first quarter. Quantitative Systematic Strategies LLC now owns 2,374 shares of the asset manager’s stock worth $450,000 after acquiring an additional 356 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Affiliated Managers Group by 12.4% during the second quarter. Janney Montgomery Scott LLC now owns 3,466 shares of the asset manager’s stock worth $515,000 after acquiring an additional 382 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Affiliated Managers Group by 12.2% during the first quarter. US Bancorp DE now owns 3,673 shares of the asset manager’s stock worth $697,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 96.48% of the company’s stock.

AMG has been the topic of a number of recent analyst reports. Barrington Research lowered their price objective on Affiliated Managers Group from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Monday, July 16th. Citigroup lowered their price objective on Affiliated Managers Group from $215.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, May 1st. Zacks Investment Research upgraded Affiliated Managers Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 19th. Credit Suisse Group lowered their price objective on Affiliated Managers Group from $217.00 to $212.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 1st. Finally, Keefe, Bruyette & Woods upgraded Affiliated Managers Group from a “market perform” rating to an “outperform” rating and set a $191.00 price objective on the stock in a research report on Monday, July 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $207.63.

Shares of AMG stock opened at $147.55 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.43. Affiliated Managers Group, Inc. has a 52-week low of $142.79 and a 52-week high of $216.99. The firm has a market capitalization of $7.94 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 0.73 and a beta of 1.52.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings data on Monday, July 30th. The asset manager reported $3.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.59 by $0.02. Affiliated Managers Group had a return on equity of 19.44% and a net margin of 29.59%. The company had revenue of $600.10 million for the quarter, compared to the consensus estimate of $604.68 million. During the same quarter last year, the business posted $3.33 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. analysts predict that Affiliated Managers Group, Inc. will post 15.46 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 23rd. Investors of record on Thursday, August 9th were paid a $0.30 dividend. The ex-dividend date was Wednesday, August 8th. This represents a $1.20 dividend on an annualized basis and a yield of 0.81%. Affiliated Managers Group’s dividend payout ratio is presently 8.22%.

In related news, Director Dwight D. Churchill sold 1,981 shares of the stock in a transaction on Wednesday, June 6th. The stock was sold at an average price of $166.28, for a total value of $329,400.68. Following the transaction, the director now owns 6,469 shares of the company’s stock, valued at $1,075,665.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is owned by corporate insiders.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc, through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.

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

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