Trading Report: Today, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Sold shares of Affiliated Managers Group Inc. (AMG)

Today, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Sold shares of Affiliated Managers Group Inc. (AMG)

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp decreased its position in shares of Affiliated Managers Group Inc. (NYSE:AMG) by 71.3% during the third quarter, Holdings Channel reports. The institutional investor owned 15,710 shares of the company’s stock after selling 39,105 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Affiliated Managers Group were worth $2,273,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AMG. Calvert Investment Management Inc. increased its stake in Affiliated Managers Group by 0.4% in the second quarter. Calvert Investment Management Inc. now owns 4,083 shares of the company’s stock worth $575,000 after buying an additional 18 shares during the last quarter. Pennsylvania Trust Co increased its stake in Affiliated Managers Group by 1.1% in the second quarter. Pennsylvania Trust Co now owns 2,376 shares of the company’s stock worth $334,000 after buying an additional 26 shares during the last quarter. Ropes Wealth Advisors LLC increased its stake in Affiliated Managers Group by 1.7% in the second quarter. Ropes Wealth Advisors LLC now owns 1,779 shares of the company’s stock worth $250,000 after buying an additional 29 shares during the last quarter. Ranger Investment Management L.P. increased its stake in Affiliated Managers Group by 0.3% in the second quarter. Ranger Investment Management L.P. now owns 9,475 shares of the company’s stock worth $1,334,000 after buying an additional 30 shares during the last quarter. Finally, World Asset Management Inc increased its stake in Affiliated Managers Group by 0.6% in the second quarter. World Asset Management Inc now owns 5,092 shares of the company’s stock worth $717,000 after buying an additional 32 shares during the last quarter. Institutional investors own 95.94% of the company’s stock.

Affiliated Managers Group Inc. (NYSE:AMG) traded down 1.45% during midday trading on Monday, reaching $146.43. The company’s stock had a trading volume of 800,919 shares. The firm has a market capitalization of $8.03 billion, a PE ratio of 16.90 and a beta of 1.54. Affiliated Managers Group Inc. has a 1-year low of $115.97 and a 1-year high of $180.01. The firm has a 50 day moving average price of $141.13 and a 200 day moving average price of $147.11.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Monday, October 31st. The company reported $3.02 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.02. Affiliated Managers Group had a return on equity of 18.04% and a net margin of 21.10%. The company earned $613.10 million during the quarter, compared to analyst estimates of $565.44 million. During the same period in the previous year, the company earned $2.93 earnings per share. The company’s quarterly revenue was down 11.2% compared to the same quarter last year. On average, analysts predict that Affiliated Managers Group Inc. will post $12.79 EPS for the current year.

A number of analysts have recently weighed in on the stock. Deutsche Bank AG decreased their price target on shares of Affiliated Managers Group from $192.00 to $183.00 and set a “buy” rating for the company in a research report on Friday, August 5th. Zacks Investment Research raised shares of Affiliated Managers Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 1st. Credit Suisse Group AG reissued a “buy” rating and set a $195.00 price target on shares of Affiliated Managers Group in a research report on Monday, November 7th. Citigroup Inc. reissued a “buy” rating on shares of Affiliated Managers Group in a research report on Tuesday, October 18th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Affiliated Managers Group in a report on Thursday, August 11th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Affiliated Managers Group currently has a consensus rating of “Buy” and an average target price of $173.67.

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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