Fsi Group buys $3,291,990 stake in Affiliated Managers Group (AMG)

Affiliated Managers Group (AMG) : Fsi Group scooped up 10,500 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 11, 2016. The investment management firm now holds a total of 23,000 shares of Affiliated Managers Group which is valued at $3,291,990.Affiliated Managers Group makes up approximately 1.93% of Fsi Group’s portfolio.

Other Hedge Funds, Including , Cipher Capital Lp boosted its stake in AMG in the latest quarter, The investment management firm added 21,388 additional shares and now holds a total of 47,602 shares of Affiliated Managers Group which is valued at $6,813,274. Affiliated Managers Group makes up approx 0.45% of Cipher Capital Lp’s portfolio. Clarivest Asset Management added AMG to its portfolio by purchasing 10 company shares during the most recent quarter which is valued at $1,468.Bremer Trust National Association reduced its stake in AMG by selling 548 shares or 17.46% in the most recent quarter. The Hedge Fund company now holds 2,591 shares of AMG which is valued at $377,586. Affiliated Managers Group makes up approx 0.10% of Bremer Trust National Association’s portfolio.First National Bank Of Omaha boosted its stake in AMG in the latest quarter, The investment management firm added 18,173 additional shares and now holds a total of 25,059 shares of Affiliated Managers Group which is valued at $3,673,900. Affiliated Managers Group makes up approx 0.28% of First National Bank Of Omaha’s portfolio.

Affiliated Managers Group opened for trading at $141.82 and hit $144.39 on the upside on Tuesday, eventually ending the session at $143.65, with a gain of 2.08% or 2.93 points. The heightened volatility saw the trading volume jump to 4,68,151 shares. Company has a market cap of $7,739 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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