Exxonmobil Investment Management Inc. TX lowered its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 13.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,838 shares of the asset manager’s stock after selling 1,381 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Affiliated Managers Group were worth $1,814,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Tributary Capital Management LLC purchased a new position in shares of Affiliated Managers Group in the 3rd quarter worth approximately $100,000. Advisor Group Inc. grew its position in shares of Affiliated Managers Group by 46.2% in the 2nd quarter. Advisor Group Inc. now owns 722 shares of the asset manager’s stock worth $120,000 after buying an additional 228 shares during the last quarter. Douglas Lane & Associates LLC purchased a new position in shares of Affiliated Managers Group in the 3rd quarter worth approximately $200,000. Conning Inc. purchased a new position in shares of Affiliated Managers Group in the 3rd quarter worth approximately $203,000. Finally, GHP Investment Advisors Inc. purchased a new position in shares of Affiliated Managers Group in the 3rd quarter worth approximately $217,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Affiliated Managers Group, Inc. (NYSE AMG) opened at $203.01 on Wednesday. The firm has a market cap of $11,272.01, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 0.73 and a beta of 1.71. Affiliated Managers Group, Inc. has a 12-month low of $139.52 and a 12-month high of $207.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.61.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Monday, October 30th. The asset manager reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.36 by $0.05. The company had revenue of $585.70 million for the quarter, compared to the consensus estimate of $586.55 million. Affiliated Managers Group had a net margin of 23.29% and a return on equity of 17.63%. Affiliated Managers Group’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.02 EPS. equities analysts expect that Affiliated Managers Group, Inc. will post 14.48 earnings per share for the current year.

In other Affiliated Managers Group news, insider Peter W. Macewen sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $197.67, for a total transaction of $1,976,700.00. Following the sale, the insider now owns 37,682 shares of the company’s stock, valued at approximately $7,448,600.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Sean M. Healey sold 69,800 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $185.48, for a total transaction of $12,946,504.00. Following the sale, the chief executive officer now directly owns 194,943 shares in the company, valued at approximately $36,158,027.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,585 shares of company stock worth $16,734,012. 1.40% of the stock is owned by insiders.

A number of research analysts have recently issued reports on AMG shares. Zacks Investment Research raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $225.00 price objective on the stock in a research report on Tuesday, January 9th. Jefferies Group reaffirmed a “buy” rating and issued a $226.00 price objective on shares of Affiliated Managers Group in a research report on Thursday, October 12th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $229.00 price objective on shares of Affiliated Managers Group in a research report on Thursday, October 12th. Credit Suisse Group reaffirmed a “hold” rating and issued a $215.00 price objective on shares of Affiliated Managers Group in a research report on Friday, January 12th. Finally, Goldman Sachs Group downgraded shares of Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $216.00 price objective on the stock. in a research report on Tuesday, January 9th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $211.00.

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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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