Affiliated Managers Group, Inc. (NYSE:AMG) Stake Increased by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC raised its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 1.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 189,194 shares of the asset manager’s stock after buying an additional 3,062 shares during the period. Parametric Portfolio Associates LLC owned about 0.34% of Affiliated Managers Group worth $35,915,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AMG. The Manufacturers Life Insurance Company boosted its position in Affiliated Managers Group by 60.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,591,358 shares of the asset manager’s stock valued at $595,663,000 after buying an additional 1,359,805 shares during the period. EdgePoint Investment Group Inc. boosted its position in Affiliated Managers Group by 42.2% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 1,932,316 shares of the asset manager’s stock valued at $320,494,000 after buying an additional 573,066 shares during the period. Amundi Pioneer Asset Management Inc. boosted its position in Affiliated Managers Group by 156.0% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 714,516 shares of the asset manager’s stock valued at $135,637,000 after buying an additional 435,440 shares during the period. Janus Henderson Group PLC boosted its position in Affiliated Managers Group by 333.2% during the 2nd quarter. Janus Henderson Group PLC now owns 518,866 shares of the asset manager’s stock valued at $86,059,000 after buying an additional 399,083 shares during the period. Finally, Jane Street Group LLC boosted its position in Affiliated Managers Group by 101.1% during the 3rd quarter. Jane Street Group LLC now owns 3,939 shares of the asset manager’s stock valued at $748,000 after buying an additional 366,268 shares during the period. 95.65% of the stock is owned by institutional investors and hedge funds.

Shares of Affiliated Managers Group, Inc. (NYSE AMG) traded up $2.08 during trading on Friday, hitting $202.80. 245,522 shares of the company traded hands, compared to its average volume of 279,645. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market cap of $11,270.00, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 0.72 and a beta of 1.71. Affiliated Managers Group, Inc. has a 52 week low of $139.52 and a 52 week high of $207.67.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, October 30th. The asset manager reported $3.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.36 by $0.05. Affiliated Managers Group had a net margin of 23.29% and a return on equity of 17.63%. The company had revenue of $585.70 million for the quarter, compared to the consensus estimate of $586.55 million. During the same period in the prior year, the firm posted $3.02 EPS. Affiliated Managers Group’s revenue for the quarter was up 7.5% on a year-over-year basis. equities analysts anticipate that Affiliated Managers Group, Inc. will post 14.48 EPS for the current fiscal year.

Several equities research analysts have weighed in on AMG shares. Zacks Investment Research raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $213.00 price target for the company in a research report on Monday, October 2nd. Barrington Research restated an “outperform” rating and issued a $215.00 price objective on shares of Affiliated Managers Group in a report on Wednesday, October 4th. They noted that the move was a valuation call. Keefe, Bruyette & Woods restated a “buy” rating and issued a $229.00 price objective on shares of Affiliated Managers Group in a report on Thursday, October 12th. Jefferies Group restated a “buy” rating and issued a $226.00 price objective on shares of Affiliated Managers Group in a report on Thursday, October 12th. Finally, Credit Suisse Group lowered shares of Affiliated Managers Group from an “outperform” rating to a “neutral” rating and set a $220.00 price objective for the company. in a report on Wednesday, January 3rd. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $211.00.

In related news, Director Patrick T. Ryan sold 7,705 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $185.27, for a total transaction of $1,427,505.35. Following the sale, the director now directly owns 6,797 shares of the company’s stock, valued at approximately $1,259,280.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight D. Churchill sold 2,080 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $184.28, for a total transaction of $383,302.40. Following the sale, the director now directly owns 6,104 shares in the company, valued at approximately $1,124,845.12. The disclosure for this sale can be found here. Insiders have sold a total of 89,585 shares of company stock worth $16,734,012 over the last three months. 1.40% of the stock is currently owned by insiders.

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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.

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

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