William Blair Investment Management Lowers stake in Affiliated Managers Group (AMG)

Affiliated Managers Group (AMG) : William Blair Investment Management reduced its stake in Affiliated Managers Group by 18.52% during the most recent quarter end. The investment management company now holds a total of 1,791,555 shares of Affiliated Managers Group which is valued at $257,643,525 after selling 407,275 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 0.95% of William Blair Investment Management’s portfolio.

Other Hedge Funds, Including , First Trust Advisors Lp boosted its stake in AMG in the latest quarter, The investment management firm added 18,449 additional shares and now holds a total of 36,051 shares of Affiliated Managers Group which is valued at $5,273,540. Affiliated Managers Group makes up approx 0.02% of First Trust Advisors Lp’s portfolio.Kalmar Investments Inc De reduced its stake in AMG by selling 9,985 shares or 7.69% in the most recent quarter. The Hedge Fund company now holds 119,935 shares of AMG which is valued at $17,604,059. Affiliated Managers Group makes up approx 0.75% of Kalmar Investments Inc De’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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