Barr E S Co buys $23.4 Million stake in Affiliated Managers Group (AMG)

Affiliated Managers Group (AMG) : Barr E S Co scooped up 18,922 additional shares in Affiliated Managers Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 143,469 shares of Affiliated Managers Group which is valued at $23.4 Million.Affiliated Managers Group makes up approximately 2.81% of Barr E S Co’s portfolio.

Other Hedge Funds, Including , Cortland Advisers reduced its stake in AMG by selling 117,355 shares or 29.34% in the most recent quarter. The Hedge Fund company now holds 282,645 shares of AMG which is valued at $46 Million. Affiliated Managers Group makes up approx 1.35% of Cortland Advisers’s portfolio. Ridgeworth Capital Management sold out all of its stake in AMG during the most recent quarter. The investment firm sold 72 shares of AMG which is valued $11,730.Stephens Investment Management Group reduced its stake in AMG by selling 565 shares or 6.1% in the most recent quarter. The Hedge Fund company now holds 8,700 shares of AMG which is valued at $1.4 Million. Affiliated Managers Group makes up approx 0.05% of Stephens Investment Management Group’s portfolio. Midas Management Corp added AMG to its portfolio by purchasing 900 company shares during the most recent quarter which is valued at $153,288. Affiliated Managers Group makes up approx 0.08% of Midas Management Corp’s portfolio.

Affiliated Managers Group opened for trading at $171.97 and hit $173.03 on the upside on Wednesday, eventually ending the session at $171.64, with a gain of 0.57% or 0.98 points. The heightened volatility saw the trading volume jump to 3,73,439 shares. Company has a market cap of $9,236 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 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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