Trade Report: The Affiliated Managers Group Inc. (AMG) Stake Held by Tokio Marine Asset Management Co. Ltd.

The Affiliated Managers Group Inc. (AMG) Stake Held by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. maintained its stake in shares of Affiliated Managers Group Inc. (NYSE:AMG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,206 shares of the company’s stock at the end of the second quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Affiliated Managers Group were worth $311,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the stock. Pennsylvania Trust Co raised its stake in shares of Affiliated Managers Group by 1.1% in the second quarter. Pennsylvania Trust Co now owns 2,376 shares of the company’s stock valued at $334,000 after buying an additional 26 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Affiliated Managers Group by 1.4% in the first quarter. Arizona State Retirement System now owns 14,600 shares of the company’s stock valued at $2,371,000 after buying an additional 200 shares during the last quarter. Dearborn Partners LLC raised its stake in shares of Affiliated Managers Group by 3.6% in the second quarter. Dearborn Partners LLC now owns 8,903 shares of the company’s stock valued at $1,253,000 after buying an additional 311 shares during the last quarter. National Investment Services Inc. WI raised its stake in shares of Affiliated Managers Group by 2.3% in the second quarter. National Investment Services Inc. WI now owns 14,804 shares of the company’s stock valued at $2,084,000 after buying an additional 329 shares during the last quarter. Finally, Fulton Bank N.A. raised its stake in shares of Affiliated Managers Group by 12.3% in the second quarter. Fulton Bank N.A. now owns 3,083 shares of the company’s stock valued at $434,000 after buying an additional 338 shares during the last quarter.

Affiliated Managers Group Inc. (NYSE:AMG) traded down 0.20% during trading on Friday, hitting $142.34. The stock had a trading volume of 369,762 shares. The company has a market capitalization of $7.67 billion, a P/E ratio of 16.55 and a beta of 1.56. The stock’s 50-day moving average price is $145.10 and its 200-day moving average price is $153.23. Affiliated Managers Group Inc. has a 1-year low of $115.97 and a 1-year high of $190.74.

Affiliated Managers Group (NYSE:AMG) last posted its earnings results on Monday, August 1st. The company reported $3.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.01 by $0.05. The company had revenue of $646.60 million for the quarter, compared to analysts’ expectations of $565.16 million. Affiliated Managers Group had a return on equity of 18.39% and a net margin of 20.47%. Affiliated Managers Group’s quarterly revenue was down 14.3% on a year-over-year basis. During the same period last year, the firm earned $3.08 earnings per share. Analysts expect that Affiliated Managers Group Inc. will post $12.85 earnings per share for the current year.

Several brokerages recently commented on AMG. Deutsche Bank AG restated a “buy” rating on shares of Affiliated Managers Group in a research report on Sunday, July 10th. Keefe, Bruyette & Woods dropped their price target on Affiliated Managers Group from $215.00 to $196.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 2nd. Zacks Investment Research raised Affiliated Managers Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 1st. TheStreet downgraded Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Friday, June 24th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Affiliated Managers Group in a research note on Thursday, August 11th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Affiliated Managers Group has an average rating of “Buy” and a consensus price target of $179.75.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms (Affiliates). The Company is focused on investing in the boutique investment management firms globally, including traditional, alternative and wealth management firms, specializing in an array of active return-oriented investment strategies.

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