Affiliated Managers Group (AMG) : Oliver Luxxe Assets scooped up 620 additional shares in Affiliated Managers Group during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 4,354 shares of Affiliated Managers Group which is valued at $666,423.Affiliated Managers Group makes up approximately 0.53% of Oliver Luxxe Assets’s portfolio.
Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in AMG by selling 174 shares or 1.25% in the most recent quarter. The Hedge Fund company now holds 13,755 shares of AMG which is valued at $2,105,340. Affiliated Managers Group makes up approx 0.04% of Exxonmobil Investment Management Inc Tx’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in AMG by selling 2,657 shares or 31.59% in the most recent quarter. The Hedge Fund company now holds 5,754 shares of AMG which is valued at $879,154.North Star Asset Management Inc boosted its stake in AMG in the latest quarter, The investment management firm added 3,481 additional shares and now holds a total of 82,692 shares of Affiliated Managers Group which is valued at $12,634,511. Affiliated Managers Group makes up approx 1.42% of North Star Asset Management Inc’s portfolio.Chevy Chase Trust Holdings reduced its stake in AMG by selling 1,014 shares or 2.21% in the most recent quarter. The Hedge Fund company now holds 44,954 shares of AMG which is valued at $6,868,522. Affiliated Managers Group makes up approx 0.04% of Chevy Chase Trust Holdings’s portfolio.
Affiliated Managers Group closed down -1.38 points or -0.89% at $153.06 with 4,23,086 shares getting traded on Friday. Post opening the session at $154, the shares hit an intraday low of $151.86 and an intraday high of $154.26 and the price fluctuated in this range throughout the day.Shares ended Friday 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.
Many Wall Street Analysts have commented on Affiliated Managers Group. Company shares were Reiterated by Deutsche Bank on Sep 9, 2016 to “Buy”, Firm has raised the Price Target to $ 191 from a previous price target of $184 .
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.