Affiliated Managers Group (AMG) : Three Corner Global Investors Lp added new position in Affiliated Managers Group during the most recent quarter end. The investment management firm now holds 88,700 shares of Affiliated Managers Group which is valued at $14.5 Million , the company said in a statement filed on May 13, 2016 with the SEC.Affiliated Managers Group makes up approximately 5.73% of Three Corner Global Investors Lp’s portfolio.
Other Hedge Funds, Including , Alliancebernstein reduced its stake in AMG by selling 411,564 shares or 34.82% in the most recent quarter. The Hedge Fund company now holds 770,520 shares of AMG which is valued at $125.5 Million. Affiliated Managers Group makes up approx 0.11% of Alliancebernstein’s portfolio.New Mexico Educational Retirement Board reduced its stake in AMG by selling 200 shares or 3.23% in the most recent quarter. The Hedge Fund company now holds 6,000 shares of AMG which is valued at $977,520. Affiliated Managers Group makes up approx 0.05% of New Mexico Educational Retirement Board’s portfolio.Cognios Capital reduced its stake in AMG by selling 25,959 shares or 81.87% in the most recent quarter. The Hedge Fund company now holds 5,749 shares of AMG which is valued at $936,627. Affiliated Managers Group makes up approx 0.35% of Cognios Capital’s portfolio.Aperio Group boosted its stake in AMG in the latest quarter, The investment management firm added 25,376 additional shares and now holds a total of 49,382 shares of Affiliated Managers Group which is valued at $8.4 Million. Affiliated Managers Group makes up approx 0.07% of Aperio Group’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 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.