Vise Technologies Inc. Buys New Position in Affiliated Managers Group, Inc. $AMG

Vise Technologies Inc. bought a new stake in Affiliated Managers Group, Inc. (NYSE:AMG – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,740 shares of the asset manager’s stock, valued at approximately $2,099,000.

A number of other institutional investors have also modified their holdings of the stock. Fifth Third Wealth Advisors LLC grew its position in Affiliated Managers Group by 2.9% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 928 shares of the asset manager’s stock valued at $339,000 after buying an additional 26 shares during the last quarter. GAMMA Investing LLC increased its stake in Affiliated Managers Group by 2.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,593 shares of the asset manager’s stock valued at $539,000 after buying an additional 34 shares during the period. Versant Capital Management Inc increased its stake in Affiliated Managers Group by 7.0% in the 3rd quarter. Versant Capital Management Inc now owns 548 shares of the asset manager’s stock valued at $200,000 after buying an additional 36 shares during the period. Quadrant Capital Group LLC raised its position in Affiliated Managers Group by 1.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 3,262 shares of the asset manager’s stock worth $1,236,000 after buying an additional 37 shares during the last quarter. Finally, Wedmont Private Capital raised its position in Affiliated Managers Group by 5.3% during the 2nd quarter. Wedmont Private Capital now owns 771 shares of the asset manager’s stock worth $283,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. TD Cowen raised their target price on shares of Affiliated Managers Group from $512.00 to $523.00 and gave the stock a “buy” rating in a research note on Monday, October 12th. Barrington Research set a $425.00 price target on shares of Affiliated Managers Group in a research note on Friday, July 31st. Zacks Research cut shares of Affiliated Managers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 29th. Wall Street Zen downgraded shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 30th. Finally, Weiss Ratings upgraded shares of Affiliated Managers Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Affiliated Managers Group presently has an average rating of “Moderate Buy” and an average price target of $438.25.

Check Out Our Latest Stock Analysis on Affiliated Managers Group

Affiliated Managers Group Stock Performance

NYSE AMG opened at $350.04 on Friday. Affiliated Managers Group, Inc. has a 1-year low of $246.11 and a 1-year high of $400.13. The company has a market capitalization of $9.05 billion, a P/E ratio of 12.12, a PEG ratio of 0.47 and a beta of 1.05. The business has a 50 day moving average price of $371.90 and a 200 day moving average price of $333.67. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.24.

Affiliated Managers Group Profile

(Free Report)

Affiliated Managers Group, Inc (NYSE: AMG) is a global asset management company that partners with a diverse group of independent investment management firms. Rather than managing a single centralized investment platform, AMG provides strategic, operational and distribution support to its affiliates while allowing them to retain their distinct investment philosophies, brands and day-to-day management.

Through its affiliated firms, AMG offers a broad range of investment strategies, including equities, fixed income, alternatives, multi-asset portfolios and wealth management solutions.

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

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