Channing Capital Management buys $12,071,096 stake in Affiliated Managers Group (AMG)

Affiliated Managers Group (AMG) : Channing Capital Management scooped up 11,626 additional shares in Affiliated Managers Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 84,043 shares of Affiliated Managers Group which is valued at $12,071,096.Affiliated Managers Group makes up approximately 0.49% of Channing Capital Management’s portfolio.

Other Hedge Funds, Including , Emerald Advisers Incpa reduced its stake in AMG by selling 76 shares or 0.36% in the most recent quarter. The Hedge Fund company now holds 20,844 shares of AMG which is valued at $3,059,482. Affiliated Managers Group makes up approx 0.14% of Emerald Advisers Incpa’s portfolio.Osborne Partners Capital Management reduced its stake in AMG by selling 80 shares or 1.82% in the most recent quarter. The Hedge Fund company now holds 4,305 shares of AMG which is valued at $631,156. Affiliated Managers Group makes up approx 0.09% of Osborne Partners Capital Management’s portfolio.British Columbia Investment Management Corp boosted its stake in AMG in the latest quarter, The investment management firm added 1,265 additional shares and now holds a total of 15,543 shares of Affiliated Managers Group which is valued at $2,158,146. Affiliated Managers Group makes up approx 0.02% of British Columbia Investment Management Corp’s portfolio.

Affiliated Managers Group closed down -1.41 points or -0.98% at $142.22 with 3,37,828 shares getting traded on Thursday. Post opening the session at $143.22, the shares hit an intraday low of $141.33 and an intraday high of $143.945 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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