Crossmark Global Holdings Inc. Grows Position in Affiliated Managers Group, Inc. (NYSE:AMG)

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Crossmark Global Holdings Inc. increased its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 7.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 8,485 shares of the asset manager’s stock after buying an additional 567 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Affiliated Managers Group were worth $707,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Ossiam purchased a new position in Affiliated Managers Group during the 2nd quarter worth approximately $48,000. Rampart Investment Management Company LLC grew its stake in Affiliated Managers Group by 39.6% during the 2nd quarter. Rampart Investment Management Company LLC now owns 666 shares of the asset manager’s stock worth $61,000 after buying an additional 189 shares during the last quarter. Truvestments Capital LLC purchased a new position in Affiliated Managers Group during the 2nd quarter worth approximately $74,000. CSat Investment Advisory L.P. grew its stake in Affiliated Managers Group by 64.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 847 shares of the asset manager’s stock worth $78,000 after buying an additional 332 shares during the last quarter. Finally, ETF Managers Group LLC purchased a new position in Affiliated Managers Group during the 2nd quarter worth approximately $151,000. Hedge funds and other institutional investors own 94.92% of the company’s stock.

Affiliated Managers Group stock opened at $76.13 on Wednesday. Affiliated Managers Group, Inc. has a twelve month low of $71.08 and a twelve month high of $128.37. The stock has a 50 day moving average of $80.08 and a two-hundred day moving average of $89.93. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 5.25, a PEG ratio of 0.57 and a beta of 1.65.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Monday, July 29th. The asset manager reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $3.19 by $0.14. Affiliated Managers Group had a positive return on equity of 17.68% and a negative net margin of 5.19%. The company had revenue of $591.90 million during the quarter, compared to analysts’ expectations of $540.89 million. During the same period last year, the firm earned $3.61 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities analysts predict that Affiliated Managers Group, Inc. will post 13.43 EPS for the current year.

A number of research firms recently issued reports on AMG. Citigroup dropped their price target on Affiliated Managers Group from $98.00 to $75.00 and set a “neutral” rating on the stock in a research note on Tuesday. ValuEngine upgraded Affiliated Managers Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Barrington Research set a $100.00 price target on Affiliated Managers Group and gave the stock a “buy” rating in a research note on Friday, October 11th. Zacks Investment Research raised Affiliated Managers Group from a “sell” rating to a “hold” rating and set a $81.00 price objective for the company in a research report on Thursday, October 3rd. Finally, Bank of America increased their price objective on Affiliated Managers Group from $75.00 to $85.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $96.70.

In other news, Director Nathaniel Dalton sold 23,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $76.86, for a total value of $1,767,780.00. Following the completion of the sale, the director now directly owns 208,346 shares of the company’s stock, valued at approximately $16,013,473.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Samuel T. Byrne purchased 6,589 shares of Affiliated Managers Group stock in a transaction dated Thursday, September 12th. The stock was acquired at an average cost of $88.77 per share, with a total value of $584,905.53. Following the completion of the acquisition, the director now directly owns 19,082 shares in the company, valued at $1,693,909.14. The disclosure for this purchase can be found here. 1.43% of the stock is currently owned by company insiders.

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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Want to see what other hedge funds are holding AMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Affiliated Managers Group, Inc. (NYSE:AMG).

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

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