BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 21.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,385 shares of the asset manager’s stock after selling 4,525 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Affiliated Managers Group were worth $2,436,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of The West increased its stake in Affiliated Managers Group by 14.7% during the 2nd quarter. Bank of The West now owns 4,051 shares of the asset manager’s stock worth $602,000 after buying an additional 520 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in Affiliated Managers Group during the 2nd quarter worth approximately $6,693,000. Schwab Charles Investment Management Inc. increased its stake in Affiliated Managers Group by 8.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 305,798 shares of the asset manager’s stock worth $57,974,000 after buying an additional 22,626 shares in the last quarter. Thornburg Investment Management Inc. increased its stake in Affiliated Managers Group by 31.3% during the 1st quarter. Thornburg Investment Management Inc. now owns 77,711 shares of the asset manager’s stock worth $14,732,000 after buying an additional 18,514 shares in the last quarter. Finally, Unigestion Holding SA purchased a new stake in Affiliated Managers Group during the 2nd quarter worth approximately $657,000. 94.22% of the stock is owned by institutional investors.

AMG stock opened at $142.71 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $7.69 billion, a PE ratio of 9.77, a P/E/G ratio of 0.71 and a beta of 1.48. Affiliated Managers Group, Inc. has a 1 year low of $141.09 and a 1 year high of $216.99.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Monday, July 30th. The asset manager reported $3.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.59 by $0.02. The business had revenue of $600.10 million during the quarter, compared to analyst estimates of $604.68 million. Affiliated Managers Group had a return on equity of 19.44% and a net margin of 29.59%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.33 earnings per share. equities research analysts predict that Affiliated Managers Group, Inc. will post 15.46 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 23rd. Stockholders of record on Thursday, August 9th were given a $0.30 dividend. The ex-dividend date was Wednesday, August 8th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.84%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 8.22%.

Several equities research analysts have commented on the company. ValuEngine lowered Affiliated Managers Group from a “hold” rating to a “sell” rating in a research note on Friday, June 1st. Citigroup boosted their price objective on Affiliated Managers Group from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Deutsche Bank cut their price objective on Affiliated Managers Group from $195.00 to $191.00 and set a “buy” rating for the company in a research note on Thursday, August 16th. Zacks Investment Research lowered Affiliated Managers Group from a “hold” rating to a “sell” rating in a research note on Tuesday, June 12th. Finally, Keefe, Bruyette & Woods upgraded Affiliated Managers Group from a “market perform” rating to an “outperform” rating and set a $191.00 price objective for the company in a research note on Monday, July 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $207.63.

Affiliated Managers Group Company Profile

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.

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

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