Affiliated Managers Group (AMG) : Handelsbanken Fonder Ab reduced its stake in Affiliated Managers Group by 14.07% during the most recent quarter end. The investment management company now holds a total of 152,700 shares of Affiliated Managers Group which is valued at $22,358,334 after selling 25,000 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 0.89% of Handelsbanken Fonder Ab’s portfolio.
Other Hedge Funds, Including , Arcadia Investment Management Corpmi reduced its stake in AMG by selling 380 shares or 0.98% in the most recent quarter. The Hedge Fund company now holds 38,323 shares of AMG which is valued at $5,611,254. Affiliated Managers Group makes up approx 1.77% of Arcadia Investment Management Corpmi’s portfolio.Gateway Investment Advisers reduced its stake in AMG by selling 15,264 shares or 10.94% in the most recent quarter. The Hedge Fund company now holds 124,241 shares of AMG which is valued at $17,756,524. Affiliated Managers Group makes up approx 0.15% of Gateway Investment Advisers’s portfolio.Curian Capital reduced its stake in AMG by selling 2,348 shares or 62.83% in the most recent quarter. The Hedge Fund company now holds 1,389 shares of AMG which is valued at $192,863. Affiliated Managers Group makes up approx 0.01% of Curian Capital’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.