UBS Asset Management Americas Inc. decreased its position in shares of Affiliated Managers Group Inc. (NYSE:AMG) by 74.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,103 shares of the company’s stock after selling 361,780 shares during the period. UBS Asset Management Americas Inc. owned 0.23% of Affiliated Managers Group worth $17,470,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc purchased a new stake in Affiliated Managers Group during the first quarter worth $449,000. Chevy Chase Trust Holdings Inc. raised its stake in shares of Affiliated Managers Group by 0.9% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 45,968 shares of the company’s stock worth $6,471,000 after buying an additional 411 shares in the last quarter. Atlanta Capital Management Co. L L C raised its stake in shares of Affiliated Managers Group by 41.2% in the first quarter. Atlanta Capital Management Co. L L C now owns 1,715,527 shares of the company’s stock worth $278,601,000 after buying an additional 500,978 shares in the last quarter. NN Investment Partners Holdings N.V. raised its stake in shares of Affiliated Managers Group by 285.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 31,853 shares of the company’s stock worth $4,484,000 after buying an additional 23,585 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. raised its stake in shares of Affiliated Managers Group by 4.8% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 70,250 shares of the company’s stock worth $9,889,000 after buying an additional 3,195 shares in the last quarter. Institutional investors and hedge funds own 96.68% of the company’s stock.

Shares of Affiliated Managers Group Inc. (NYSE:AMG) traded down 0.21% during trading on Wednesday, reaching $142.55. 173,323 shares of the company’s stock traded hands. The company has a 50 day moving average price of $143.33 and a 200-day moving average price of $154.29. Affiliated Managers Group Inc. has a one year low of $115.97 and a one year high of $190.74. The stock has a market cap of $7.68 billion, a P/E ratio of 16.58 and a beta of 1.55.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Monday, August 1st. The company reported $3.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.01 by $0.05. The business earned $646.60 million during the quarter, compared to analyst estimates of $565.16 million. Affiliated Managers Group had a net margin of 20.47% and a return on equity of 18.39%. The company’s quarterly revenue was down 14.3% on a year-over-year basis. During the same period in the prior year, the firm posted $3.08 earnings per share. On average, equities research analysts expect that Affiliated Managers Group Inc. will post $12.85 EPS for the current fiscal year.

A number of analysts have recently commented on the stock. Deutsche Bank AG reiterated a “buy” rating on shares of Affiliated Managers Group in a research note on Sunday, July 10th. Zacks Investment Research lowered shares of Affiliated Managers Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Keefe, Bruyette & Woods reduced their price target on shares of Affiliated Managers Group from $215.00 to $196.00 and set an “outperform” rating for the company in a research note on Tuesday, August 2nd. Jefferies Group reduced their price target on shares of Affiliated Managers Group from $197.00 to $195.00 and set a “buy” rating for the company in a research note on Monday, July 11th. Finally, TheStreet lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Friday, June 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Affiliated Managers Group presently has a consensus rating of “Buy” and a consensus target price of $180.55.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms (Affiliates). The Company is focused on investing in the boutique investment management firms globally, including traditional, alternative and wealth management firms, specializing in an array of active return-oriented investment strategies.

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