Affiliated Managers Group, Inc. (AMG) Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd boosted its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 29.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,569 shares of the asset manager’s stock after purchasing an additional 3,987 shares during the period. WINTON GROUP Ltd’s holdings in Affiliated Managers Group were worth $3,331,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Fred Alger Management Inc. lifted its position in shares of Affiliated Managers Group by 3.1% during the fourth quarter. Fred Alger Management Inc. now owns 9,398 shares of the asset manager’s stock worth $1,929,000 after acquiring an additional 286 shares in the last quarter. Norinchukin Bank The lifted its position in shares of Affiliated Managers Group by 11.9% during the fourth quarter. Norinchukin Bank The now owns 2,787 shares of the asset manager’s stock worth $572,000 after acquiring an additional 296 shares in the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of Affiliated Managers Group by 15.2% during the first quarter. Hillsdale Investment Management Inc. now owns 2,420 shares of the asset manager’s stock worth $459,000 after acquiring an additional 320 shares in the last quarter. Rosenblum Silverman Sutton S F Inc ca lifted its position in shares of Affiliated Managers Group by 2.8% during the first quarter. Rosenblum Silverman Sutton S F Inc ca now owns 13,020 shares of the asset manager’s stock worth $2,468,000 after acquiring an additional 350 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC lifted its position in shares of Affiliated Managers Group by 17.6% during the first quarter. Quantitative Systematic Strategies LLC now owns 2,374 shares of the asset manager’s stock worth $450,000 after acquiring an additional 356 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Shares of AMG stock opened at $154.62 on Monday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.42. Affiliated Managers Group, Inc. has a 52-week low of $150.55 and a 52-week high of $216.99. The firm has a market capitalization of $8.40 billion, a P/E ratio of 10.59, a price-to-earnings-growth ratio of 0.69 and a beta of 1.50.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Monday, April 30th. The asset manager reported $3.92 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.03. Affiliated Managers Group had a net margin of 30.34% and a return on equity of 19.27%. The company had revenue of $612.40 million for the quarter, compared to the consensus estimate of $586.44 million. During the same period in the previous year, the firm earned $3.21 earnings per share. Affiliated Managers Group’s quarterly revenue was up 12.5% compared to the same quarter last year. analysts predict that Affiliated Managers Group, Inc. will post 16.47 EPS for the current year.

In other Affiliated Managers Group news, Director Dwight D. Churchill sold 1,981 shares of Affiliated Managers Group stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $166.28, for a total transaction of $329,400.68. Following the transaction, the director now directly owns 6,469 shares of the company’s stock, valued at $1,075,665.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is owned by insiders.

Several research firms have issued reports on AMG. Zacks Investment Research downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. Deutsche Bank dropped their target price on Affiliated Managers Group from $215.00 to $213.00 and set a “buy” rating on the stock in a research report on Tuesday, March 6th. ValuEngine downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Keefe, Bruyette & Woods downgraded Affiliated Managers Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $250.00 to $206.00 in a research report on Wednesday, April 11th. Finally, Jefferies Financial Group restated a “buy” rating and set a $226.00 target price on shares of Affiliated Managers Group in a research report on Wednesday, April 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Affiliated Managers Group currently has a consensus rating of “Hold” and a consensus target price of $215.00.

About Affiliated Managers Group

Affiliated Managers Group, Inc, through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.

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

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