Gideon Capital Advisors adds Affiliated Managers Group (AMG) to its portfolio

Affiliated Managers Group (AMG) : Gideon Capital Advisors added new position in Affiliated Managers Group during the most recent quarter end. The investment management firm now holds 17,512 shares of Affiliated Managers Group which is valued at $2,506,493 , the company said in a statement filed on Aug 11, 2016 with the SEC.Affiliated Managers Group makes up approximately 1.39% of Gideon Capital Advisors’s portfolio.

Other Hedge Funds, Including , Fmr reduced its stake in AMG by selling 121,828 shares or 37.21% in the most recent quarter. The Hedge Fund company now holds 205,572 shares of AMG which is valued at $29,423,520.Financial Counselors Inc boosted its stake in AMG in the latest quarter, The investment management firm added 3,679 additional shares and now holds a total of 37,633 shares of Affiliated Managers Group which is valued at $5,412,002. Affiliated Managers Group makes up approx 0.31% of Financial Counselors Inc’s portfolio.Second Curve Capital reduced its stake in AMG by selling 1,500 shares or 42.86% in the most recent quarter. The Hedge Fund company now holds 2,000 shares of AMG which is valued at $292,560. Affiliated Managers Group makes up approx 0.20% of Second Curve Capital’s portfolio.Stephens Inc Ar boosted its stake in AMG in the latest quarter, The investment management firm added 231 additional shares and now holds a total of 1,634 shares of Affiliated Managers Group which is valued at $239,022. Affiliated Managers Group makes up approx 0.01% of Stephens Inc Ar’s portfolio.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in AMG in the latest quarter, The investment management firm added 48 additional shares and now holds a total of 4,028 shares of Affiliated Managers Group which is valued at $591,230. Affiliated Managers Group makes up approx 0.02% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.

Affiliated Managers Group opened for trading at $141.82 and hit $144.39 on the upside on Tuesday, eventually ending the session at $143.65, with a gain of 2.08% or 2.93 points. The heightened volatility saw the trading volume jump to 4,68,151 shares. Company has a market cap of $7,739 M.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Affiliated Managers Group - Is it time to Sell?

Top Brokerage Firms are advising their investors on Affiliated Managers Group. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.