Brant Point Investment Management buys $13,314,668 stake in Affiliated Managers Group (AMG)

Affiliated Managers Group (AMG) : Brant Point Investment Management scooped up 12,100 additional shares in Affiliated Managers Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 93,025 shares of Affiliated Managers Group which is valued at $13,314,668.Affiliated Managers Group makes up approximately 2.39% of Brant Point Investment Management’s portfolio.

Other Hedge Funds, Including , Penn Capital Management Co Inc boosted its stake in AMG in the latest quarter, The investment management firm added 5,338 additional shares and now holds a total of 43,736 shares of Affiliated Managers Group which is valued at $6,259,934. Affiliated Managers Group makes up approx 0.35% of Penn Capital Management Co Inc’s portfolio. Ci Investments sold out all of its stake in AMG during the most recent quarter. The investment firm sold 1,000 shares of AMG which is valued $146,280.Oregon Public Employees Retirement Fund boosted its stake in AMG in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 6,044 shares of Affiliated Managers Group which is valued at $868,100. Affiliated Managers Group makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio.Bbva Compass Bancshares Inc reduced its stake in AMG by selling 475 shares or 23.42% in the most recent quarter. The Hedge Fund company now holds 1,553 shares of AMG which is valued at $227,949. Affiliated Managers Group makes up approx 0.02% of Bbva Compass Bancshares Inc’s portfolio.

Affiliated Managers Group closed down -0.12 points or -0.08% at $142.37 with 3,33,130 shares getting traded on Monday. Post opening the session at $142.78, the shares hit an intraday low of $142.18 and an intraday high of $144.29 and the price fluctuated in this range throughout the day.Shares ended Monday 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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