Mesirow Financial Investment Management Equity Management maintained its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) during the second quarter, Holdings Channel reports. The institutional investor owned 6,840 shares of the asset manager’s stock at the end of the second quarter. Mesirow Financial Investment Management Equity Management’s holdings in Affiliated Managers Group were worth $1,135,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Teachers Advisors LLC boosted its position in shares of Affiliated Managers Group by 2.6% in the fourth quarter. Teachers Advisors LLC now owns 122,354 shares of the asset manager’s stock worth $17,778,000 after buying an additional 3,057 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in shares of Affiliated Managers Group by 6.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 48,882 shares of the asset manager’s stock worth $8,014,000 after buying an additional 3,076 shares during the last quarter. Raymond James Trust N.A. bought a new position in shares of Affiliated Managers Group during the first quarter worth approximately $238,000. Sheets Smith Wealth Management bought a new position in shares of Affiliated Managers Group during the first quarter worth approximately $201,000. Finally, Chesley Taft & Associates LLC boosted its position in shares of Affiliated Managers Group by 24.0% in the first quarter. Chesley Taft & Associates LLC now owns 3,645 shares of the asset manager’s stock worth $598,000 after buying an additional 705 shares during the last quarter. Institutional investors own 94.86% of the company’s stock.

Shares of Affiliated Managers Group, Inc. (AMG) opened at 180.53 on Thursday. The company has a 50-day moving average price of $174.08 and a 200 day moving average price of $163.86. The firm has a market capitalization of $10.16 billion, a price-to-earnings ratio of 20.00 and a beta of 1.65. Affiliated Managers Group, Inc. has a 1-year low of $130.48 and a 1-year high of $187.08.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, July 31st. The asset manager reported $3.33 EPS for the quarter, beating the consensus estimate of $3.24 by $0.09. The firm had revenue of $570.90 million for the quarter, compared to analyst estimates of $573.73 million. Affiliated Managers Group had a return on equity of 17.45% and a net margin of 22.99%. The company’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $3.07 EPS. On average, equities research analysts predict that Affiliated Managers Group, Inc. will post $14.55 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 8.87%.

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A number of research analysts recently commented on AMG shares. Deutsche Bank AG decreased their price target on Affiliated Managers Group from $183.00 to $182.00 and set a “hold” rating on the stock in a research report on Tuesday, April 18th. Zacks Investment Research raised Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $184.00 price objective on the stock in a research note on Tuesday, April 18th. Citigroup Inc. reaffirmed a “buy” rating on shares of Affiliated Managers Group in a research note on Tuesday, May 2nd. ValuEngine lowered Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $193.50.

In other news, Director Patrick T. Ryan sold 8,902 shares of the stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $152.89, for a total transaction of $1,361,026.78. Following the transaction, the director now directly owns 10,342 shares in the company, valued at approximately $1,581,188.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sean M. Healey sold 56,928 shares of the stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $161.07, for a total value of $9,169,392.96. Following the transaction, the chief executive officer now owns 206,689 shares in the company, valued at $33,291,397.23. The disclosure for this sale can be found here. Insiders have sold a total of 69,107 shares of company stock worth $11,065,554 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

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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