Blair William Coil Lowers stake in Affiliated Managers Group (AMG)

Affiliated Managers Group (AMG) : Blair William Coil reduced its stake in Affiliated Managers Group by 9.66% during the most recent quarter end. The investment management company now holds a total of 738,373 shares of Affiliated Managers Group which is valued at $106,185,421 after selling 78,933 shares in Affiliated Managers Group , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Affiliated Managers Group makes up approximately 0.94% of Blair William Coil’s portfolio.

Other Hedge Funds, Including , Davy Asset Management Ltd reduced its stake in AMG by selling 3 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 6,753 shares of AMG which is valued at $969,933. Affiliated Managers Group makes up approx 0.19% of Davy Asset Management Ltd’s portfolio.Hartford Investment Management Co reduced its stake in AMG by selling 292 shares or 2.22% in the most recent quarter. The Hedge Fund company now holds 12,833 shares of AMG which is valued at $1,870,153. Affiliated Managers Group makes up approx 0.04% of Hartford Investment Management Co’s portfolio. Cutler Group Lp added AMG to its portfolio by purchasing 824 company shares during the most recent quarter which is valued at $117,766. Affiliated Managers Group makes up approx 0.01% of Cutler Group Lp’s portfolio.

Affiliated Managers Group opened for trading at $143.95 and hit $144.521 on the upside on Monday, eventually ending the session at $143.88, with a gain of 0.52% or 0.75 points. The heightened volatility saw the trading volume jump to 2,36,242 shares. Company has a market cap of $7,751 M.

On the company’s financial health, Affiliated Managers Group reported $3.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $3.01. The company had revenue of $554.10 million for the quarter, compared to analysts expectations of $560.37 million. The company’s revenue was down -14.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.08 EPS.

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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