Somerset Trust Co decreased its position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 10.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,941 shares of the asset manager’s stock after selling 344 shares during the period. Somerset Trust Co’s holdings in Affiliated Managers Group were worth $604,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMG. Cambridge Investment Research Advisors Inc. purchased a new stake in Affiliated Managers Group during the second quarter valued at about $256,000. Riverhead Capital Management LLC raised its position in Affiliated Managers Group by 80.0% during the second quarter. Riverhead Capital Management LLC now owns 4,717 shares of the asset manager’s stock valued at $782,000 after purchasing an additional 2,096 shares in the last quarter. Stephens Inc. AR raised its position in Affiliated Managers Group by 0.4% during the second quarter. Stephens Inc. AR now owns 2,247 shares of the asset manager’s stock valued at $373,000 after purchasing an additional 9 shares in the last quarter. Raymond James Trust N.A. raised its position in Affiliated Managers Group by 29.0% during the second quarter. Raymond James Trust N.A. now owns 1,870 shares of the asset manager’s stock valued at $310,000 after purchasing an additional 420 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in Affiliated Managers Group by 20.3% during the second quarter. Teachers Advisors LLC now owns 167,539 shares of the asset manager’s stock valued at $27,788,000 after purchasing an additional 28,297 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.

A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Affiliated Managers Group from a “hold” rating to a “buy” rating and set a $230.00 price target on the stock in a research report on Tuesday, January 2nd. Credit Suisse Group downgraded Affiliated Managers Group from an “outperform” rating to a “neutral” rating and set a $220.00 price target on the stock. in a research report on Wednesday, January 3rd. Goldman Sachs Group downgraded Affiliated Managers Group from a “buy” rating to a “neutral” rating and set a $216.00 price target on the stock. in a research report on Tuesday, January 9th. Jefferies Group restated a “buy” rating and set a $226.00 price target on shares of Affiliated Managers Group in a research report on Thursday, October 12th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $229.00 price objective on shares of Affiliated Managers Group in a report on Thursday, October 12th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $211.00.

Affiliated Managers Group, Inc. (NYSE:AMG) traded up $0.21 on Wednesday, hitting $203.01. The stock had a trading volume of 387,200 shares, compared to its average volume of 292,840. The stock has a market capitalization of $11,320.00, a P/E ratio of 21.97, a P/E/G ratio of 0.73 and a beta of 1.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.61 and a current ratio of 0.61. Affiliated Managers Group, Inc. has a 1 year low of $139.52 and a 1 year high of $207.67.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings data on Monday, October 30th. The asset manager reported $3.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.36 by $0.05. The firm had revenue of $585.70 million for the quarter, compared to the consensus estimate of $586.55 million. Affiliated Managers Group had a return on equity of 17.63% and a net margin of 23.29%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.02 earnings per share. analysts expect that Affiliated Managers Group, Inc. will post 14.48 earnings per share for the current year.

In other news, Director Dwight D. Churchill sold 2,080 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $184.28, for a total value of $383,302.40. Following the sale, the director now directly owns 6,104 shares of the company’s stock, valued at approximately $1,124,845.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Peter W. Macewen sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $197.67, for a total value of $1,976,700.00. Following the completion of the sale, the insider now directly owns 37,682 shares in the company, valued at $7,448,600.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,585 shares of company stock worth $16,734,012. 1.40% of the stock is owned by company insiders.

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Affiliated Managers Group Profile

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.

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

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