Today: Today, Dimensional Fund Advisors LP Acquires 35,130 Shares of Affiliated Managers Group Inc. (AMG)

Today, Dimensional Fund Advisors LP Acquires 35,130 Shares of Affiliated Managers Group Inc. (AMG)

Dimensional Fund Advisors LP raised its position in shares of Affiliated Managers Group Inc. (NYSE:AMG) by 14.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 274,987 shares of the company’s stock after buying an additional 35,130 shares during the period. Dimensional Fund Advisors LP owned 0.51% of Affiliated Managers Group worth $38,709,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Atlanta Capital Management Co. L L C increased its position in Affiliated Managers Group by 41.2% in the first quarter. Atlanta Capital Management Co. L L C now owns 1,715,527 shares of the company’s stock worth $278,601,000 after buying an additional 500,978 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in Affiliated Managers Group during the second quarter worth $40,476,000. Junto Capital Management LP acquired a new position in Affiliated Managers Group during the first quarter worth $23,903,000. Jackson Square Partners LLC increased its position in Affiliated Managers Group by 14.8% in the first quarter. Jackson Square Partners LLC now owns 742,972 shares of the company’s stock worth $120,658,000 after buying an additional 95,592 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in Affiliated Managers Group by 69.9% in the second quarter. Schroder Investment Management Group now owns 200,151 shares of the company’s stock worth $28,176,000 after buying an additional 82,340 shares in the last quarter.

Shares of Affiliated Managers Group Inc. (NYSE:AMG) opened at 139.82 on Tuesday. The stock’s 50 day moving average is $145.02 and its 200 day moving average is $152.95. Affiliated Managers Group Inc. has a 12 month low of $115.97 and a 12 month high of $190.74. The firm has a market capitalization of $7.53 billion, a price-to-earnings ratio of 16.26 and a beta of 1.56.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Monday, August 1st. The company reported $3.06 EPS for the quarter, topping the Zacks’ consensus estimate of $3.01 by $0.05. The business had revenue of $646.60 million for the quarter, compared to analyst estimates of $565.16 million. Affiliated Managers Group had a net margin of 20.47% and a return on equity of 18.39%. The firm’s revenue for the quarter was down 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.08 earnings per share. Equities research analysts forecast that Affiliated Managers Group Inc. will post $12.85 earnings per share for the current fiscal year.

A number of research analysts have recently weighed in on AMG shares. Zacks Investment Research downgraded shares of Affiliated Managers Group from a “hold” rating to a “sell” rating in a report on Tuesday, September 20th. Keefe, Bruyette & Woods cut their price target on shares of Affiliated Managers Group from $215.00 to $196.00 and set an “outperform” rating on the stock in a report on Tuesday, August 2nd. Jefferies Group restated a “buy” rating on shares of Affiliated Managers Group in a report on Thursday, August 11th. TheStreet lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a research note on Friday, June 24th. Finally, Credit Suisse Group AG reiterated an “outperform” rating and issued a $212.00 target price on shares of Affiliated Managers Group in a research note on Thursday, September 8th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $179.75.

About Affiliated Managers Group

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