Dimensional Fund Advisors LP raised its stake in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 295,233 shares of the asset manager’s stock after acquiring an additional 767 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.52% of Affiliated Managers Group worth $48,967,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Planning boosted its position in Affiliated Managers Group by 15.0% during the 2nd quarter. Creative Planning now owns 705 shares of the asset manager’s stock valued at $117,000 after acquiring an additional 92 shares in the last quarter. Advisor Group Inc. boosted its position in Affiliated Managers Group by 46.2% during the 2nd quarter. Advisor Group Inc. now owns 722 shares of the asset manager’s stock valued at $120,000 after acquiring an additional 228 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in Affiliated Managers Group by 2.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 755 shares of the asset manager’s stock valued at $125,000 after acquiring an additional 16 shares in the last quarter. Financial Architects Inc boosted its position in Affiliated Managers Group by 2.1% during the 2nd quarter. Financial Architects Inc now owns 833 shares of the asset manager’s stock valued at $138,000 after acquiring an additional 17 shares in the last quarter. Finally, FNY Partners Fund LP bought a new stake in Affiliated Managers Group during the 1st quarter valued at $163,000. 96.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of Affiliated Managers Group, Inc. (AMG) opened at 197.54 on Friday. The firm has a market cap of $11.05 billion, a PE ratio of 21.88 and a beta of 1.66. The stock has a 50 day moving average price of $186.84 and a 200-day moving average price of $171.58. Affiliated Managers Group, Inc. has a 52-week low of $130.48 and a 52-week high of $198.31.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Monday, July 31st. The asset manager reported $3.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.24 by $0.09. Affiliated Managers Group had a net margin of 22.99% and a return on equity of 17.45%. The firm had revenue of $570.90 million for the quarter, compared to the consensus estimate of $573.73 million. During the same quarter in the previous year, the firm posted $3.07 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that Affiliated Managers Group, Inc. will post $14.48 EPS for the current fiscal year.

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Several brokerages have issued reports on AMG. Jefferies Group LLC reaffirmed a “buy” rating and set a $200.00 target price on shares of Affiliated Managers Group in a research report on Friday, August 18th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $229.00 target price on shares of Affiliated Managers Group in a research report on Thursday, October 12th. BidaskClub cut Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research cut Affiliated Managers Group from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Finally, Credit Suisse Group increased their target price on Affiliated Managers Group from $205.00 to $223.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $207.25.

About Affiliated Managers Group

Affiliated Managers Group, Inc is an asset management company with equity investments in boutique investment management firms. The Company operates in three segments, which represent its principal distribution channels: Institutional, Mutual Fund and High Net Worth. The equity method investments in the Institutional distribution channel are made in relationships with public and private client entities, including foundations, endowments, sovereign wealth funds and retirement plans for corporations and municipalities.

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

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