Affiliated Managers Group, Inc. $AMG Stock: Fulcrum Asset Management LLP Increases Position

Fulcrum Asset Management LLP increased its holdings in Affiliated Managers Group, Inc. (NYSE:AMG) by 455.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,628 shares of the asset manager’s stock after acquiring an additional 64,462 shares during the period. Affiliated Managers Group comprises approximately 1.3% of Fulcrum Asset Management LLP’s portfolio, making the stock its 9th biggest holding. Fulcrum Asset Management LLP owned about 0.30% of Affiliated Managers Group worth $29,140,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. purchased a new position in Affiliated Managers Group in the second quarter worth $938,294,000. Dimensional Fund Advisors LP increased its position in shares of Affiliated Managers Group by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 718,313 shares of the asset manager’s stock valued at $198,746,000 after purchasing an additional 18,865 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of Affiliated Managers Group during the 2nd quarter valued at $146,331,000. Bank of New York Mellon Corp increased its position in shares of Affiliated Managers Group by 21.5% during the 1st quarter. Bank of New York Mellon Corp now owns 300,265 shares of the asset manager’s stock valued at $83,083,000 after purchasing an additional 53,076 shares during the last quarter. Finally, Bruni J V & Co. Co. purchased a new stake in shares of Affiliated Managers Group during the 2nd quarter valued at $71,095,810. 95.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMG has been the topic of a number of research analyst reports. Barrington Research set a $425.00 price target on shares of Affiliated Managers Group in a report on Friday, July 31st. Wall Street Zen lowered shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 30th. TD Cowen raised their price objective on shares of Affiliated Managers Group from $512.00 to $523.00 and gave the stock a “buy” rating in a report on Monday, October 12th. Weiss Ratings raised shares of Affiliated Managers Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Finally, Zacks Research lowered shares of Affiliated Managers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $438.25.

Affiliated Managers Group Price Performance

AMG opened at $361.79 on Monday. The company has a market capitalization of $9.36 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 0.46 and a beta of 1.05. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $371.73 and a 200-day moving average price of $333.89. Affiliated Managers Group, Inc. has a twelve month low of $246.11 and a twelve month high of $400.13.

About Affiliated Managers Group

Affiliated Managers Group, Inc (NYSE: AMG) is a global asset management company that partners with independent investment firms. Founded in 1993, AMG provides its partner firms with strategic capital, distribution support and business resources while allowing them to retain substantial independence over their investment processes and operations.

Through its partner firms, AMG offers a range of investment strategies and services, including alternative investments, equities, fixed income, private markets and wealth management.