Affiliated Managers Group (AMG) : Arcadia Investment Management Corpmi reduced its stake in Affiliated Managers Group by 0.98% during the most recent quarter end. The investment management company now holds a total of 38,323 shares of Affiliated Managers Group which is valued at $5,611,254 after selling 380 shares in Affiliated Managers Group , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Affiliated Managers Group makes up approximately 1.77% of Arcadia Investment Management Corpmi’s portfolio.
Other Hedge Funds, Including , Sumitomo Life Insurance Co boosted its stake in AMG in the latest quarter, The investment management firm added 3,081 additional shares and now holds a total of 8,255 shares of Affiliated Managers Group which is valued at $1,208,697. Affiliated Managers Group makes up approx 0.16% of Sumitomo Life Insurance Co’s portfolio.Chevy Chase Trust Holdings boosted its stake in AMG in the latest quarter, The investment management firm added 411 additional shares and now holds a total of 45,968 shares of Affiliated Managers Group which is valued at $6,382,657. Affiliated Managers Group makes up approx 0.04% of Chevy Chase Trust Holdings’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in AMG by selling 10,658 shares or 55.89% in the most recent quarter. The Hedge Fund company now holds 8,411 shares of AMG which is valued at $1,167,867. Affiliated Managers Group makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.
Affiliated Managers Group opened for trading at $145.58 and hit $146.87 on the upside on Monday, eventually ending the session at $146.42, with a gain of 1.23% or 1.78 points. The heightened volatility saw the trading volume jump to 4,44,658 shares. Company has a market cap of $7,879 M.
On the company’s financial health, Affiliated Managers Group reported $2.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 3, 2016. Analyst had a consensus of $2.92. The company had revenue of $545.40 million for the quarter, compared to analysts expectations of $584.71 million. The company’s revenue was down -14.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.91 EPS.
Many Wall Street Analysts have commented on Affiliated Managers Group. Affiliated Managers Group was Upgraded by Citigroup to ” Buy” on Apr 25, 2016.
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 Companys 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 Companys 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 Companys affiliates it provides advisory services to ultra-high net worth individuals and family trusts.