Bp Plc continued to hold its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,000 shares of the asset manager’s stock at the end of the second quarter. Bp Plc’s holdings in Affiliated Managers Group were worth $1,161,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Advisor Partners LLC purchased a new stake in shares of Affiliated Managers Group during the second quarter valued at about $200,000. Pictet Asset Management Ltd. increased its stake in shares of Affiliated Managers Group by 1.7% in the second quarter. Pictet Asset Management Ltd. now owns 29,415 shares of the asset manager’s stock valued at $4,526,000 after buying an additional 500 shares during the period. Korea Investment CORP increased its stake in shares of Affiliated Managers Group by 1.7% in the second quarter. Korea Investment CORP now owns 29,350 shares of the asset manager’s stock valued at $4,868,000 after buying an additional 500 shares during the period. Telemus Capital LLC increased its stake in shares of Affiliated Managers Group by 24.4% in the second quarter. Telemus Capital LLC now owns 4,194 shares of the asset manager’s stock valued at $696,000 after buying an additional 822 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Affiliated Managers Group by 9.2% in the second quarter. Sei Investments Co. now owns 122,088 shares of the asset manager’s stock valued at $20,249,000 after buying an additional 10,240 shares during the period. 94.86% of the stock is currently owned by institutional investors.

Affiliated Managers Group, Inc. (NYSE:AMG) opened at 175.23 on Friday. The firm has a market capitalization of $9.81 billion, a P/E ratio of 19.41 and a beta of 1.65. The stock has a 50 day moving average of $174.85 and a 200-day moving average of $164.17. Affiliated Managers Group, Inc. has a 1-year low of $130.48 and a 1-year high of $187.08.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. Affiliated Managers Group’s payout ratio is 8.87%.

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Several brokerages have issued reports on AMG. Credit Suisse Group boosted their target price on shares of Affiliated Managers Group from $205.00 to $223.00 and gave the company an “outperform” rating in a research note on Friday. Keefe, Bruyette & Woods reissued a “buy” rating and set a $215.00 target price on shares of Affiliated Managers Group in a research note on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and set a $200.00 target price on shares of Affiliated Managers Group in a research note on Tuesday, August 1st. BidaskClub downgraded shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research downgraded shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Affiliated Managers Group presently has an average rating of “Buy” and a consensus price target of $195.50.

In related news, CEO Sean M. Healey sold 56,928 shares of the firm’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $161.07, for a total transaction of $9,169,392.96. Following the sale, 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 document filed with the SEC, which is available at this hyperlink. Also, Director Dwight D. Churchill sold 3,277 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $163.30, for a total transaction of $535,134.10. Following the sale, the director now owns 7,301 shares in the company, valued at $1,192,253.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,107 shares of company stock worth $11,065,554. 1.40% of the stock is currently owned by company 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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