GSA Capital Partners LLP bought a new stake in shares of Affiliated Managers Group Inc. (NYSE:AMG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,709 shares of the company’s stock, valued at approximately $381,000.

Other hedge funds have also recently bought and sold shares of the company. Commonwealth Equity Services Inc purchased a new stake in Affiliated Managers Group during the first quarter valued at $449,000. Chevy Chase Trust Holdings Inc. raised its stake in 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 valued at $6,471,000 after buying an additional 411 shares during the period. Atlanta Capital Management Co. L L C raised its stake in 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 valued at $278,601,000 after buying an additional 500,978 shares during the period. Ferguson Wellman Capital Management Inc. raised its stake in 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 valued at $9,889,000 after buying an additional 3,195 shares during the period. Finally, NN Investment Partners Holdings N.V. raised its stake in 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 valued at $4,484,000 after buying an additional 23,585 shares during the period. 96.68% of the stock is currently owned by institutional investors.

Affiliated Managers Group Inc. (NYSE:AMG) traded down 1.7160% during trading on Friday, reaching $144.7625. The company had a trading volume of 183,642 shares. The stock has a 50 day moving average price of $143.53 and a 200 day moving average price of $154.17. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 16.8348 and a beta of 1.55. Affiliated Managers Group Inc. has a 12 month low of $115.97 and a 12 month high of $190.74.

Affiliated Managers Group (NYSE:AMG) last announced its earnings results on Monday, August 1st. The company reported $3.06 earnings per share for the quarter, beating the consensus estimate of $3.01 by $0.05. The firm had revenue of $646.60 million for the quarter, compared to the consensus estimate of $565.16 million. Affiliated Managers Group had a return on equity of 18.39% and a net margin of 20.47%. The firm’s revenue for the quarter was down 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.08 EPS. On average, equities research analysts predict that Affiliated Managers Group Inc. will post $12.86 earnings per share for the current year.

AMG has been the topic of several research reports. Deutsche Bank AG reissued a “buy” rating and issued a $203.00 target price on shares of Affiliated Managers Group in a report on Sunday, June 5th. Zacks Investment Research raised Affiliated Managers Group from a “sell” rating to a “hold” rating in a report on Friday, September 9th. Credit Suisse Group AG reissued an “outperform” rating and issued a $212.00 target price on shares of Affiliated Managers Group in a report on Thursday, September 8th. Jefferies Group reissued a “buy” rating on shares of Affiliated Managers Group in a report on Thursday, August 11th. Finally, TheStreet lowered Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Friday, June 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $180.55.

About Affiliated Managers Group

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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