Affiliated Managers Group, Inc. (AMG) Stake Raised by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 7.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,183 shares of the asset manager’s stock after buying an additional 87 shares during the quarter. Pacer Advisors Inc.’s holdings in Affiliated Managers Group were worth $196,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Creative Planning raised its holdings in shares of Affiliated Managers Group by 15.0% in the second quarter. Creative Planning now owns 705 shares of the asset manager’s stock worth $117,000 after buying an additional 92 shares during the period. Financial Architects Inc raised its holdings in shares of Affiliated Managers Group by 2.1% in the second quarter. Financial Architects Inc now owns 833 shares of the asset manager’s stock worth $138,000 after buying an additional 17 shares during the period. FNY Partners Fund LP purchased a new stake in shares of Affiliated Managers Group in the first quarter worth approximately $163,000. Global X Management Co. LLC raised its holdings in shares of Affiliated Managers Group by 78.5% in the second quarter. Global X Management Co. LLC now owns 980 shares of the asset manager’s stock worth $163,000 after buying an additional 431 shares during the period. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Affiliated Managers Group in the first quarter worth approximately $200,000. Hedge funds and other institutional investors own 96.17% of the company’s stock.

AMG has been the topic of several recent analyst reports. Credit Suisse Group reiterated a “buy” rating and issued a $207.00 price target on shares of Affiliated Managers Group in a report on Sunday, July 9th. Zacks Investment Research upgraded 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. ValuEngine downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Citigroup Inc. downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $180.00 price target on the stock. in a report on Monday, June 5th. Finally, BidaskClub upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $195.50.

Affiliated Managers Group, Inc. (AMG) opened at 179.87 on Friday. The stock has a market capitalization of $10.07 billion, a P/E ratio of 19.93 and a beta of 1.66. 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 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 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 company had revenue of $570.90 million for the quarter, compared to analysts’ expectations of $573.73 million. During the same period in the prior year, the firm earned $3.07 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts anticipate that Affiliated Managers Group, Inc. will post $14.55 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Tuesday, August 8th. Affiliated Managers Group’s dividend payout ratio (DPR) is 8.87%.

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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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