Andra AP fonden boosted its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 21.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,700 shares of the asset manager’s stock after buying an additional 3,900 shares during the period. Andra AP fonden’s holdings in Affiliated Managers Group were worth $3,599,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Paradigm Asset Management Co. LLC purchased a new position in shares of Affiliated Managers Group during the second quarter worth about $4,047,000. First Interstate Bank boosted its position in shares of Affiliated Managers Group by 159.8% in the second quarter. First Interstate Bank now owns 2,089 shares of the asset manager’s stock worth $346,000 after buying an additional 1,285 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI purchased a new position in shares of Affiliated Managers Group during the second quarter worth about $315,000. American Century Companies Inc. boosted its position in shares of Affiliated Managers Group by 24.3% in the second quarter. American Century Companies Inc. now owns 694,845 shares of the asset manager’s stock worth $115,247,000 after buying an additional 135,663 shares in the last quarter. Finally, Aviva PLC boosted its position in shares of Affiliated Managers Group by 2.6% in the second quarter. Aviva PLC now owns 34,519 shares of the asset manager’s stock worth $5,726,000 after buying an additional 870 shares in the last quarter. Hedge funds and other institutional investors own 96.17% of the company’s stock.

Affiliated Managers Group, Inc. (NYSE:AMG) opened at 174.04 on Thursday. 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 cap of $9.74 billion, a PE ratio of 19.28 and a beta of 1.65. The stock has a 50 day moving average of $177.35 and a 200 day moving average of $165.90.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Monday, July 31st. The asset manager reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.24 by $0.09. The business had revenue of $570.90 million during the quarter, compared to the consensus estimate of $573.73 million. Affiliated Managers Group had a return on equity of 17.45% and a net margin of 22.99%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.07 earnings per share. On average, equities research analysts anticipate that Affiliated Managers Group, Inc. will post $14.55 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. Affiliated Managers Group’s dividend payout ratio (DPR) is 8.87%.

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A number of research analysts recently issued reports on the stock. Jefferies Group LLC restated a “buy” rating and set a $200.00 price objective on shares of Affiliated Managers Group in a report on Friday, August 18th. Credit Suisse Group upped their price target on shares of Affiliated Managers Group from $205.00 to $223.00 and gave the company an “outperform” rating in a report on Friday, August 11th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $215.00 price target on shares of Affiliated Managers Group in a report on Thursday, August 3rd. BidaskClub cut shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Zacks Investment Research cut shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $195.50.

In other news, CEO Sean M. Healey sold 56,928 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $161.07, for a total transaction of $9,169,392.96. Following the completion of the transaction, the chief executive officer now directly owns 206,689 shares in the company, valued at $33,291,397.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction, the director now owns 7,301 shares of the company’s stock, valued at $1,192,253.30. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Affiliated Managers Group Company Profile

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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