Shares of Affiliated Managers Group (NYSE:AMG) Sees Large Outflow of Money

Affiliated Managers Group (NYSE:AMG) : The total money flow in Affiliated Managers Group (NYSE:AMG) was negative ($0.73 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $0.89 million. In comparison, the inflow of money into the stock on upticks was $0.17 million. The uptick to downtick ratio was 0.19. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $0 million. The negative money flow of ($0 million) confirms the selling in Affiliated Managers Group (NYSE:AMG) on strength. Affiliated Managers Group (NYSE:AMG) gained $1.74 at $138.28, a gain of 1.27% over the previous days close. However, the stock registered -2% in the week.


In an insider trading activity, The Securities and Exchange Commission has divulged that Horgen Jay C., officer (CFO and Treasurer) of Affiliated Managers Group, Inc., had unloaded 22,411 shares at an average price of $226.97 in a transaction dated on May 1, 2015. The total value of the transaction was worth $5,086,625. Currently the company Insiders own 2.21% of Affiliated Managers Group shares according to the proxy statements. Institutional Investors own 96.67% of Affiliated Managers Group shares.

The company shares have dropped -37.96% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $221.80 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $161.91 and the 200 Day Moving Average price is recorded at $152.62. Affiliated Managers Group (NYSE:AMG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $139.91 and $137.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $140.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $140.02, notching a gain of 2.55% for the day. The total traded volume was 572,758 . The stock had closed at $136.54 on the previous day.

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.

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