CI Investments Inc. grew its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 8.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 229,300 shares of the asset manager’s stock after acquiring an additional 17,500 shares during the quarter. CI Investments Inc. owned 0.41% of Affiliated Managers Group worth $38,032,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. boosted its position in shares of Affiliated Managers Group by 7.9% in the second quarter. Alliancebernstein L.P. now owns 600,220 shares of the asset manager’s stock valued at $99,552,000 after acquiring an additional 43,793 shares during the period. HPM Partners LLC raised its stake in shares of Affiliated Managers Group by 270.1% in the second quarter. HPM Partners LLC now owns 22,819 shares of the asset manager’s stock valued at $254,000 after purchasing an additional 16,654 shares in the last quarter. AXA raised its stake in shares of Affiliated Managers Group by 1.2% in the second quarter. AXA now owns 71,949 shares of the asset manager’s stock valued at $11,933,000 after purchasing an additional 849 shares in the last quarter. Tredje AP fonden raised its stake in shares of Affiliated Managers Group by 24.2% in the second quarter. Tredje AP fonden now owns 1,780 shares of the asset manager’s stock valued at $295,000 after purchasing an additional 347 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Affiliated Managers Group by 8.3% in the second quarter. Schroder Investment Management Group now owns 383,937 shares of the asset manager’s stock valued at $63,353,000 after purchasing an additional 29,297 shares in the last quarter. 96.17% of the stock is owned by institutional investors.

Affiliated Managers Group, Inc. (NYSE:AMG) traded up 0.21% on Friday, reaching $173.06. The company’s stock had a trading volume of 57,166 shares. Affiliated Managers Group, Inc. has a 12 month low of $130.48 and a 12 month high of $187.08. The company has a 50-day moving average price of $177.46 and a 200 day moving average price of $166.38. The company has a market cap of $9.68 billion, a P/E ratio of 19.17 and a beta of 1.66.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Monday, July 31st. The asset manager reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.24 by $0.09. The firm 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 company’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.07 EPS. On average, equities research analysts anticipate that Affiliated Managers Group, Inc. will post $14.55 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were given a dividend of $0.20 per share. The ex-dividend date was 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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In other news, CEO Sean M. Healey sold 56,928 shares of the company’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 sale, the chief executive officer now directly owns 206,689 shares in the company, valued at approximately $33,291,397.23. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

A number of research analysts recently commented on AMG shares. ValuEngine lowered Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Citigroup Inc. lowered Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $180.00 target price for the company. in a research note on Monday, June 5th. BidaskClub upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $186.00 target price for the company in a research note on Tuesday, July 4th. Finally, Credit Suisse Group restated a “buy” rating and issued a $207.00 target price on shares of Affiliated Managers Group in a research note on Sunday, July 9th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $195.50.

Affiliated Managers Group 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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