New York State Common Retirement Fund Raises Stock Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

New York State Common Retirement Fund increased its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG) by 6.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 185,147 shares of the asset manager’s stock after acquiring an additional 11,565 shares during the period. New York State Common Retirement Fund’s holdings in Affiliated Managers Group were worth $32,919,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AMG. Ariel Investments LLC lifted its position in shares of Affiliated Managers Group by 8.7% during the second quarter. Ariel Investments LLC now owns 1,442,817 shares of the asset manager’s stock worth $225,411,000 after purchasing an additional 115,808 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Affiliated Managers Group by 150.1% during the 2nd quarter. Victory Capital Management Inc. now owns 99,407 shares of the asset manager’s stock valued at $15,530,000 after buying an additional 59,659 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Affiliated Managers Group by 36.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 177,530 shares of the asset manager’s stock valued at $29,731,000 after buying an additional 47,239 shares during the period. Algert Global LLC grew its stake in Affiliated Managers Group by 74.8% in the 2nd quarter. Algert Global LLC now owns 89,254 shares of the asset manager’s stock worth $13,944,000 after acquiring an additional 38,206 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Affiliated Managers Group by 59.1% during the second quarter. Renaissance Technologies LLC now owns 90,200 shares of the asset manager’s stock worth $14,092,000 after acquiring an additional 33,500 shares during the period. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Insider Buying and Selling at Affiliated Managers Group

In other Affiliated Managers Group news, insider Rizwan M. Jamal sold 8,622 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $172.89, for a total transaction of $1,490,657.58. Following the completion of the sale, the insider now directly owns 128,457 shares of the company’s stock, valued at approximately $22,208,930.73. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Rizwan M. Jamal sold 8,622 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $172.89, for a total transaction of $1,490,657.58. Following the completion of the transaction, the insider now owns 128,457 shares in the company, valued at $22,208,930.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Thomas M. Wojcik sold 4,786 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $172.71, for a total transaction of $826,590.06. Following the completion of the sale, the chief operating officer now owns 84,392 shares of the company’s stock, valued at approximately $14,575,342.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,408 shares of company stock worth $3,865,068 over the last quarter. Insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Bank of America increased their price objective on Affiliated Managers Group from $200.00 to $201.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Barrington Research reissued an “outperform” rating and set a $210.00 price target on shares of Affiliated Managers Group in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price objective on Affiliated Managers Group from $202.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, August 15th. TD Cowen increased their target price on shares of Affiliated Managers Group from $201.00 to $226.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Finally, StockNews.com lowered shares of Affiliated Managers Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.50.

Affiliated Managers Group Trading Down 0.0 %

AMG opened at $193.81 on Friday. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 0.63 and a beta of 1.20. Affiliated Managers Group, Inc. has a 12 month low of $123.65 and a 12 month high of $199.52. The stock has a fifty day moving average price of $180.27 and a 200-day moving average price of $168.41.

Affiliated Managers Group Profile

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.