Mn Services Vermogensbeheer B.V. Has $1.53 Million Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Mn Services Vermogensbeheer B.V. boosted its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 529.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,205 shares of the asset manager’s stock after buying an additional 7,743 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Affiliated Managers Group were worth $1,527,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. raised 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 valued at $8,014,000 after buying an additional 3,076 shares during the last quarter. Bank of Montreal Can raised its position in shares of Affiliated Managers Group by 44.9% in the first quarter. Bank of Montreal Can now owns 43,685 shares of the asset manager’s stock valued at $7,161,000 after buying an additional 13,540 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Affiliated Managers Group by 12.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 273,515 shares of the asset manager’s stock valued at $44,841,000 after buying an additional 29,626 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. Finally, Highbridge Capital Management LLC raised its position in shares of Affiliated Managers Group by 339.5% in the fourth quarter. Highbridge Capital Management LLC now owns 127,349 shares of the asset manager’s stock valued at $18,503,000 after buying an additional 98,370 shares during the last quarter. 95.29% of the stock is currently owned by institutional investors.

Shares of Affiliated Managers Group, Inc. (NYSE:AMG) traded down 0.09% during mid-day trading on Friday, reaching $172.84. The company had a trading volume of 267,741 shares. The company has a market capitalization of $9.67 billion, a price-to-earnings ratio of 19.15 and a beta of 1.65. Affiliated Managers Group, Inc. has a 12 month low of $130.48 and a 12 month high of $187.08. The firm’s 50-day moving average is $176.46 and its 200 day moving average is $165.10.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Monday, July 31st. The asset manager reported $3.33 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $573.73 million. During the same quarter last year, the company posted $3.07 earnings per share. Affiliated Managers Group’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities research analysts predict 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. Stockholders of record on Thursday, August 10th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Tuesday, August 8th. Affiliated Managers Group’s dividend payout ratio is presently 8.87%.

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AMG has been the topic of several research reports. Zacks Investment Research lowered Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Citigroup Inc. reaffirmed a “buy” rating on shares of Affiliated Managers Group in a research report on Tuesday, May 2nd. ValuEngine raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Credit Suisse Group reiterated a “buy” rating and set a $207.00 price target on shares of Affiliated Managers Group in a research note on Sunday, July 9th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $200.00 price target on shares of Affiliated Managers Group in a research note on Tuesday, August 1st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $195.50.

In other Affiliated Managers Group news, Director Dwight D. Churchill sold 3,277 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $163.30, for a total transaction of $535,134.10. Following the completion of the transaction, the director now directly owns 7,301 shares in the company, valued at $1,192,253.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sean M. Healey sold 56,928 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 206,689 shares of the company’s stock, valued at $33,291,397.23. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

About Affiliated Managers Group

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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