Aviva PLC Buys 870 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

Aviva PLC lifted its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 2.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,519 shares of the asset manager’s stock after acquiring an additional 870 shares during the quarter. Aviva PLC owned approximately 0.06% of Affiliated Managers Group worth $5,726,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Oliver Luxxe Assets LLC raised its holdings in shares of Affiliated Managers Group by 0.5% during the second quarter. Oliver Luxxe Assets LLC now owns 7,237 shares of the asset manager’s stock valued at $1,200,000 after acquiring an additional 33 shares in the last quarter. MUFG Americas Holdings Corp raised its holdings in shares of Affiliated Managers Group by 12.2% during the second quarter. MUFG Americas Holdings Corp now owns 27,180 shares of the asset manager’s stock valued at $4,508,000 after acquiring an additional 2,955 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Affiliated Managers Group by 2.9% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 157,344 shares of the asset manager’s stock valued at $26,097,000 after acquiring an additional 4,428 shares in the last quarter. GAM Holding AG raised its holdings in shares of Affiliated Managers Group by 77.3% during the second quarter. GAM Holding AG now owns 69,600 shares of the asset manager’s stock valued at $11,544,000 after acquiring an additional 30,339 shares in the last quarter. Finally, Edgemoor Investment Advisors Inc. raised its holdings in shares of Affiliated Managers Group by 5.1% during the second quarter. Edgemoor Investment Advisors Inc. now owns 47,279 shares of the asset manager’s stock valued at $7,842,000 after acquiring an additional 2,305 shares in the last quarter. Institutional investors own 96.17% of the company’s stock.

Affiliated Managers Group, Inc. (NYSE AMG) traded up 0.73% during midday trading on Friday, hitting $179.87. The stock had a trading volume of 385,790 shares. Affiliated Managers Group, Inc. has a 52-week low of $130.48 and a 52-week high of $187.08. The stock has a market cap of $10.07 billion, a PE ratio of 19.93 and a beta of 1.66. The company’s 50 day moving average price is $177.11 and its 200-day moving average price is $166.75.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Monday, July 31st. The asset manager reported $3.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.24 by $0.09. The firm had revenue of $570.90 million during the quarter, compared to analyst estimates of $573.73 million. Affiliated Managers Group had a return on equity of 17.45% and a net margin of 22.99%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.07 EPS. Analysts forecast that Affiliated Managers Group, Inc. will post $14.55 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Tuesday, August 8th. Affiliated Managers Group’s payout ratio is 8.87%.

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AMG has been the subject of a number of recent analyst reports. Credit Suisse Group restated a “buy” rating and set a $207.00 target price on shares of Affiliated Managers Group in a report on Sunday, July 9th. BidaskClub raised Affiliated Managers Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research cut Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. ValuEngine cut Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Citigroup Inc. cut Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $180.00 price target on the stock. in a research note on Monday, June 5th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $195.50.

Affiliated Managers Group 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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