Affiliated Managers Group (AMG) : Granahan Investment Management Incma scooped up 7,290 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 307,513 shares of Affiliated Managers Group which is valued at $50.1 Million.Affiliated Managers Group makes up approximately 1.85% of Granahan Investment Management Incma’s portfolio.
Other Hedge Funds, Including , Brown Advisory Inc added AMG to its portfolio by purchasing 1,229 company shares during the most recent quarter which is valued at $200,229.Tiaa Cref Investment Management reduced its stake in AMG by selling 141,186 shares or 39.27% in the most recent quarter. The Hedge Fund company now holds 218,346 shares of AMG which is valued at $35.7 Million. Affiliated Managers Group makes up approx 0.03% of Tiaa Cref Investment Management’s portfolio.State Treasurer State Of Michigan boosted its stake in AMG in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 18,600 shares of Affiliated Managers Group which is valued at $3 Million. Affiliated Managers Group makes up approx 0.02% of State Treasurer State Of Michigan’s portfolio.Nationwide Fund Advisors reduced its stake in AMG by selling 77,181 shares or 37.21% in the most recent quarter. The Hedge Fund company now holds 130,214 shares of AMG which is valued at $21.3 Million. Affiliated Managers Group makes up approx 0.09% of Nationwide Fund Advisors’s portfolio.Ifp Advisors Inc reduced its stake in AMG by selling 38 shares or 17.12% in the most recent quarter. The Hedge Fund company now holds 184 shares of AMG which is valued at $30,104.
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 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.