Public Employees Retirement Association of Colorado boosted its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,911 shares of the asset manager’s stock after buying an additional 69 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Affiliated Managers Group were worth $1,810,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new position in shares of Affiliated Managers Group during the first quarter worth $104,000. Creative Planning increased its position in shares of Affiliated Managers Group by 15.0% in the second quarter. Creative Planning now owns 705 shares of the asset manager’s stock worth $117,000 after buying an additional 92 shares during the last quarter. Financial Architects Inc increased its position in shares of Affiliated Managers Group by 5,340.0% in the first quarter. Financial Architects Inc now owns 816 shares of the asset manager’s stock worth $134,000 after buying an additional 801 shares during the last quarter. FNY Partners Fund LP purchased a new position in shares of Affiliated Managers Group during the first quarter worth $163,000. Finally, Pacer Advisors Inc. increased its position in shares of Affiliated Managers Group by 3.1% in the first quarter. Pacer Advisors Inc. now owns 1,096 shares of the asset manager’s stock worth $180,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 94.86% of the company’s stock.

Affiliated Managers Group, Inc. (NYSE AMG) opened at 175.42 on Friday. The firm has a 50 day moving average of $174.47 and a 200 day moving average of $163.94. Affiliated Managers Group, Inc. has a 12-month low of $130.48 and a 12-month high of $187.08. The firm has a market capitalization of $9.82 billion, a P/E ratio of 19.43 and a beta of 1.65.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Monday, July 31st. The asset manager reported $3.33 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to analyst estimates of $573.73 million. During the same period last year, the firm posted $3.07 EPS. The business’s revenue was up 3.0% compared to the same quarter last year. On average, analysts forecast that Affiliated Managers Group, Inc. will post $14.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Tuesday, August 8th. Affiliated Managers Group’s dividend payout ratio is presently 8.87%.

COPYRIGHT VIOLATION NOTICE: “Affiliated Managers Group, Inc. (AMG) Stake Increased by Public Employees Retirement Association of Colorado” was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://www.watchlistnews.com/affiliated-managers-group-inc-amg-stake-increased-by-public-employees-retirement-association-of-colorado/1472154.html.

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods restated a “buy” rating and set a $215.00 target price on shares of Affiliated Managers Group in a report on Thursday, August 3rd. BidaskClub downgraded shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and set a $200.00 target price on shares of Affiliated Managers Group in a report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Finally, ValuEngine upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $193.50.

In other news, Director Patrick T. Ryan sold 8,902 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $152.89, for a total transaction of $1,361,026.78. Following the completion of the sale, the director now directly owns 10,342 shares of the company’s stock, valued at approximately $1,581,188.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dwight D. Churchill sold 3,277 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $163.30, for a total value of $535,134.10. Following the sale, the director now directly owns 7,301 shares of the company’s stock, valued at $1,192,253.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,107 shares of company stock valued at $11,065,554. Insiders own 1.40% of the company’s stock.

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.

Want to see what other hedge funds are holding AMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Affiliated Managers Group, Inc. (NYSE:AMG).

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

Receive News & Ratings for Affiliated Managers Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affiliated Managers Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.