Affiliated Managers Group (AMG) : Nicholas Co Inc Wi reduced its stake in Affiliated Managers Group by 14.08% during the most recent quarter end. The investment management company now holds a total of 787,575 shares of Affiliated Managers Group which is valued at $112,969,758 after selling 129,075 shares in Affiliated Managers Group , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Affiliated Managers Group makes up approximately 2.51% of Nicholas Co Inc Wi’s portfolio.
Other Hedge Funds, Including , Riverpark Advisors reduced its stake in AMG by selling 2,044 shares or 7.51% in the most recent quarter. The Hedge Fund company now holds 25,176 shares of AMG which is valued at $3,633,652. Affiliated Managers Group makes up approx 1.69% of Riverpark Advisors’s portfolio.Geneva Advisors reduced its stake in AMG by selling 9,674 shares or 12.16% in the most recent quarter. The Hedge Fund company now holds 69,899 shares of AMG which is valued at $9,738,329. Affiliated Managers Group makes up approx 0.19% of Geneva Advisors’s portfolio.Blackrock Advisors reduced its stake in AMG by selling 38,790 shares or 44.07% in the most recent quarter. The Hedge Fund company now holds 49,222 shares of AMG which is valued at $6,548,003. Affiliated Managers Group makes up approx 0.01% of Blackrock Advisors’s portfolio.Ncm Capital Advisers reduced its stake in AMG by selling 351 shares or 8.36% in the most recent quarter. The Hedge Fund company now holds 3,850 shares of AMG which is valued at $512,166. Affiliated Managers Group makes up approx 1.56% of Ncm Capital Advisers’s portfolio. First Citizens Bank Trust Co added AMG to its portfolio by purchasing 19,783 company shares during the most recent quarter which is valued at $2,624,413. Affiliated Managers Group makes up approx 0.24% of First Citizens Bank Trust Co’s portfolio.
Affiliated Managers Group closed down -1.97 points or -1.38% at $140.63 with 4,43,860 shares getting traded on Monday. Post opening the session at $142.5, the shares hit an intraday low of $140.43 and an intraday high of $142.7 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 $3.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 31, 2016. Analyst had a consensus of $3.00. The company had revenue of $544.70 million for the quarter, compared to analysts expectations of $565.54 million. The company’s revenue was down -11.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.93 EPS.
Many Wall Street Analysts have commented on Affiliated Managers Group. Shares were Downgraded by Deutsche Bank on Nov 4, 2016 to ” Hold” and Lowered the Price Target to $ 132 from a previous price target of $159 .Company shares were Reiterated by Deutsche Bank on Sep 9, 2016 to “Buy”, Firm has raised the Price Target to $ 191 from a previous price target of $184 .
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.