Bruni J V Co Co Lowers stake in Affiliated Managers Group (AMG)

Affiliated Managers Group (AMG) : Bruni J V Co Co reduced its stake in Affiliated Managers Group by 0.21% during the most recent quarter end. The investment management company now holds a total of 160,858 shares of Affiliated Managers Group which is valued at $23,023,606 after selling 339 shares in Affiliated Managers Group , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Affiliated Managers Group makes up approximately 4.32% of Bruni J V Co Co’s portfolio.

Other Hedge Funds, Including , Blackrock Investment Management boosted its stake in AMG in the latest quarter, The investment management firm added 2,684 additional shares and now holds a total of 112,653 shares of Affiliated Managers Group which is valued at $16,124,024. Affiliated Managers Group makes up approx 0.02% of Blackrock Investment Management’s portfolio.Hartwell J M Limited Partnership reduced its stake in AMG by selling 200 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 56,757 shares of AMG which is valued at $8,162,224. Affiliated Managers Group makes up approx 1.99% of Hartwell J M Limited Partnership’s portfolio.Blair William Coil reduced its stake in AMG by selling 78,933 shares or 9.66% in the most recent quarter. The Hedge Fund company now holds 738,373 shares of AMG which is valued at $106,185,421. Affiliated Managers Group makes up approx 0.94% of Blair William Coil’s portfolio.Royal London Asset Management Ltd reduced its stake in AMG by selling 1,481 shares or 7.67% in the most recent quarter. The Hedge Fund company now holds 17,837 shares of AMG which is valued at $2,561,928. Affiliated Managers Group makes up approx 0.04% of Royal London Asset Management Ltd’s portfolio.Nisa Investment Advisors reduced its stake in AMG by selling 600 shares or 2.76% in the most recent quarter. The Hedge Fund company now holds 21,110 shares of AMG which is valued at $3,090,926. Affiliated Managers Group makes up approx 0.04% of Nisa Investment Advisors’s portfolio.

Affiliated Managers Group closed down -0.02 points or -0.01% at $141.73 with 2,67,521 shares getting traded on Friday. Post opening the session at $141.16, the shares hit an intraday low of $140.45 and an intraday high of $142.17 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Affiliated Managers Group reported $3.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $3.01. The company had revenue of $554.10 million for the quarter, compared to analysts expectations of $560.37 million. The company’s revenue was down -14.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.08 EPS.

Affiliated Managers Group Inc. (AMG) is a global asset management company with equity investments in a diverse group of boutique investment management firms (Affiliates). The Company manages approximately $620.2 billion in assets through its affiliates across a range of asset classes and investment styles in three principal distribution channels: institutional mutual fund and high net worth. The Company’s Institutional Distribution Channel through its Affiliates manages assets for large institutional investors across the world including sovereign wealth funds foundations endowments and retirement plans for corporations and municipalities. As part of the Company’s mutual fund distribution channel the Company through its Affiliates provides advisory or sub-advisory services to mutual funds UCITS and other retail-oriented products. Through the Company’s affiliates it provides advisory services to ultra-high net worth individuals and family trusts.

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