Oak Ridge Investments LLC cut its stake in Affiliated Managers Group Inc. (NYSE:AMG) by 3.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,593 shares of the company’s stock after selling 557 shares during the period. Oak Ridge Investments LLC’s holdings in Affiliated Managers Group were worth $2,401,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMG. A.R.T. Advisors LLC boosted its position in shares of Affiliated Managers Group by 239.9% in the first quarter. A.R.T. Advisors LLC now owns 6,234 shares of the company’s stock valued at $1,012,000 after buying an additional 4,400 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Affiliated Managers Group by 1.4% in the first quarter. Arizona State Retirement System now owns 14,600 shares of the company’s stock valued at $2,371,000 after buying an additional 200 shares in the last quarter. First Republic Investment Management Inc. boosted its position in shares of Affiliated Managers Group by 71.0% in the first quarter. First Republic Investment Management Inc. now owns 23,468 shares of the company’s stock valued at $3,811,000 after buying an additional 9,746 shares in the last quarter. Boothbay Fund Management LLC boosted its position in shares of Affiliated Managers Group by 45.6% in the first quarter. Boothbay Fund Management LLC now owns 1,884 shares of the company’s stock valued at $306,000 after buying an additional 590 shares in the last quarter. Finally, Fulton Bank N.A. boosted its position in shares of Affiliated Managers Group by 12.3% in the second quarter. Fulton Bank N.A. now owns 3,083 shares of the company’s stock valued at $434,000 after buying an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 95.94% of the company’s stock.

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

Shares of Affiliated Managers Group Inc. (NYSE:AMG) traded up 2.14% during mid-day trading on Wednesday, hitting $148.10. The stock had a trading volume of 592,908 shares. Affiliated Managers Group Inc. has a 52-week low of $115.97 and a 52-week high of $179.85. The company has a market cap of $8.12 billion, a PE ratio of 17.09 and a beta of 1.54. The stock has a 50 day moving average price of $140.95 and a 200-day moving average price of $146.98.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings data on Monday, October 31st. The company reported $3.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.00 by $0.02. The firm earned $613.10 million during the quarter, compared to the consensus estimate of $565.44 million. Affiliated Managers Group had a return on equity of 18.04% and a net margin of 21.10%. The firm’s revenue was down 11.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.93 EPS. On average, equities analysts expect that Affiliated Managers Group Inc. will post $12.79 earnings per share for the current fiscal year.

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Several research analysts recently weighed in on the company. Citigroup Inc. reiterated a “buy” rating on shares of Affiliated Managers Group in a research report on Tuesday, October 18th. Keefe, Bruyette & Woods reduced their price target on Affiliated Managers Group from $215.00 to $196.00 and set an “outperform” rating for the company in a research report on Tuesday, August 2nd. Zacks Investment Research upgraded Affiliated Managers Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 1st. Deutsche Bank AG cut Affiliated Managers Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $159.00 to $132.00 in a research report on Friday, November 4th. Finally, Jefferies Group reiterated a “buy” rating on shares of Affiliated Managers Group in a research report on Thursday, August 11th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Affiliated Managers Group presently has a consensus rating of “Buy” and a consensus target price of $173.67.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms (Affiliates). The Company is focused on investing in the boutique investment management firms globally, including traditional, alternative and wealth management firms, specializing in an array of active return-oriented investment strategies.

5 Day Chart for NYSE:AMG

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