Affiliated Managers Group, Inc. (AMG) Shares Bought by Oak Ridge Investments LLC

Oak Ridge Investments LLC boosted its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 35.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,398 shares of the asset manager’s stock after purchasing an additional 4,057 shares during the period. Oak Ridge Investments LLC’s holdings in Affiliated Managers Group were worth $2,554,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMG. State of Alaska Department of Revenue purchased a new position in Affiliated Managers Group during the 1st quarter worth approximately $104,000. Creative Planning grew its position in Affiliated Managers Group by 15.0% during the 2nd quarter. Creative Planning now owns 705 shares of the asset manager’s stock worth $117,000 after purchasing an additional 92 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its position in Affiliated Managers Group by 2.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 755 shares of the asset manager’s stock worth $125,000 after purchasing an additional 16 shares in the last quarter. Financial Architects Inc grew its position in Affiliated Managers Group by 2.1% during the 2nd quarter. Financial Architects Inc now owns 833 shares of the asset manager’s stock worth $138,000 after purchasing an additional 17 shares in the last quarter. Finally, FNY Partners Fund LP purchased a new position in Affiliated Managers Group during the 1st quarter worth approximately $163,000. Hedge funds and other institutional investors own 96.17% of the company’s stock.

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AMG has been the topic of several research analyst reports. Jefferies Group LLC restated a “buy” rating and set a $200.00 price target on shares of Affiliated Managers Group in a report on Tuesday, August 1st. BidaskClub cut shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Keefe, Bruyette & Woods restated a “buy” rating and set a $215.00 price target on shares of Affiliated Managers Group in a report on Thursday, August 3rd. Credit Suisse Group boosted their price target on shares of Affiliated Managers Group from $205.00 to $223.00 and gave the company an “outperform” rating in a report on Friday, August 11th. Finally, Zacks Investment Research upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $186.00 price target on the stock in a report on Tuesday, July 4th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $195.50.

Shares of Affiliated Managers Group, Inc. (AMG) opened at 178.8599 on Tuesday. The company has a market capitalization of $10.01 billion, a PE ratio of 19.8139 and a beta of 1.66. The company has a 50-day moving average of $177.30 and a 200-day moving average of $166.36. Affiliated Managers Group, Inc. has a one year low of $130.48 and a one year high of $187.08.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Tuesday, August 8th. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 8.87%.

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.

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

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