Swiss National Bank Decreases Position in Affiliated Managers Group, Inc. (NYSE:AMG)

Swiss National Bank cut its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMGGet Rating) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,700 shares of the asset manager’s stock after selling 2,400 shares during the period. Swiss National Bank owned 0.24% of Affiliated Managers Group worth $10,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in Affiliated Managers Group by 86.8% during the second quarter. Parallel Advisors LLC now owns 241 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 112 shares during the period. Fifth Third Bancorp grew its stake in shares of Affiliated Managers Group by 57.7% during the second quarter. Fifth Third Bancorp now owns 257 shares of the asset manager’s stock valued at $30,000 after buying an additional 94 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Affiliated Managers Group by 76.3% during the first quarter. Lazard Asset Management LLC now owns 275 shares of the asset manager’s stock valued at $38,000 after buying an additional 119 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Affiliated Managers Group during the second quarter valued at approximately $38,000. Finally, CX Institutional bought a new position in shares of Affiliated Managers Group during the second quarter valued at approximately $47,000. 96.62% of the stock is currently owned by hedge funds and other institutional investors.

Affiliated Managers Group Trading Down 0.9 %

Shares of NYSE AMG opened at $153.87 on Monday. The stock has a market capitalization of $5.80 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.98 and a beta of 1.28. The stock’s fifty day simple moving average is $126.35 and its two-hundred day simple moving average is $126.26. Affiliated Managers Group, Inc. has a 12-month low of $108.12 and a 12-month high of $178.16.

Affiliated Managers Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 17th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, November 16th. This represents a $0.04 annualized dividend and a yield of 0.03%. Affiliated Managers Group’s dividend payout ratio (DPR) is presently 0.31%.

Analyst Upgrades and Downgrades

AMG has been the topic of a number of analyst reports. Credit Suisse Group upped their target price on Affiliated Managers Group from $140.00 to $163.50 and gave the company an “outperform” rating in a research note on Tuesday, November 8th. Barrington Research upped their target price on Affiliated Managers Group from $145.00 to $155.00 in a research note on Monday, November 7th. StockNews.com raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Affiliated Managers Group from $161.00 to $171.00 and gave the stock a “buy” rating in a research note on Tuesday, November 15th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $174.58.

About Affiliated Managers Group

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Affiliated Managers Group, Inc, through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.

Further Reading

Institutional Ownership by Quarter for Affiliated Managers Group (NYSE:AMG)

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