Boston Partners held its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 30,521 shares of the asset manager’s stock at the end of the second quarter. Boston Partners’ holdings in Affiliated Managers Group were worth $5,062,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue bought a new position in shares of Affiliated Managers Group during the first quarter valued at $104,000. Creative Planning raised its position in shares of Affiliated Managers Group by 15.0% in the second quarter. Creative Planning now owns 705 shares of the asset manager’s stock valued at $117,000 after buying an additional 92 shares during the last quarter. Financial Architects Inc raised its position in shares of Affiliated Managers Group by 5,340.0% in the first quarter. Financial Architects Inc now owns 816 shares of the asset manager’s stock valued at $134,000 after buying an additional 801 shares during the last quarter. FNY Partners Fund LP bought a new position in shares of Affiliated Managers Group during the first quarter valued at $163,000. Finally, Global X Management Co. LLC raised its position in shares of Affiliated Managers Group by 78.5% in the second quarter. Global X Management Co. LLC now owns 980 shares of the asset manager’s stock valued at $163,000 after buying an additional 431 shares during the last quarter. 95.29% of the stock is currently owned by institutional investors.

Affiliated Managers Group, Inc. (AMG) opened at 172.84 on Friday. Affiliated Managers Group, Inc. has a 1-year low of $130.48 and a 1-year high of $187.08. The company has a 50 day moving average of $176.68 and a 200 day moving average of $165.25. The firm has a market capitalization of $9.67 billion, a P/E ratio of 19.15 and a beta of 1.65.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Tuesday, August 8th. Affiliated Managers Group’s dividend payout ratio is currently 8.87%.

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Several equities analysts have recently weighed in on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $200.00 price objective on shares of Affiliated Managers Group in a research report on Friday. Zacks Investment Research raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $186.00 price objective on the stock in a research report on Tuesday, July 4th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $215.00 price objective on shares of Affiliated Managers Group in a research report on Thursday, August 3rd. ValuEngine raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, BidaskClub raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Affiliated Managers Group currently has an average rating of “Buy” and an average target price of $195.50.

In other news, CEO Sean M. Healey sold 56,928 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $161.07, for a total transaction of $9,169,392.96. Following the sale, the chief executive officer now directly owns 206,689 shares in the company, valued at $33,291,397.23. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dwight D. Churchill sold 3,277 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $163.30, for a total value of $535,134.10. Following the sale, the director now owns 7,301 shares in the company, valued at $1,192,253.30. The disclosure for this sale can be found here. 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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