5,740 Shares of Affiliated Managers Group, Inc. $AMG Bought by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in shares of Affiliated Managers Group, Inc. (NYSE:AMG) in the third quarter, HoldingsChannel reports. The firm bought 5,740 shares of the asset manager’s stock, valued at approximately $2,099,000.

Several other institutional investors and hedge funds also recently modified their holdings of AMG. BlackRock Inc. purchased a new stake in shares of Affiliated Managers Group in the second quarter valued at about $938,294,000. Bank of America Corp DE purchased a new position in shares of Affiliated Managers Group during the 2nd quarter worth approximately $146,331,000. Bank of New York Mellon Corp purchased a new position in shares of Affiliated Managers Group during the 2nd quarter worth approximately $95,418,000. Bruni J V & Co. Co. acquired a new position in shares of Affiliated Managers Group during the 2nd quarter worth approximately $71,095,810. Finally, Kiltearn Partners LLP acquired a new position in shares of Affiliated Managers Group during the 2nd quarter worth approximately $62,464,000. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

Affiliated Managers Group Stock Performance

Shares of NYSE AMG opened at $350.04 on Friday. The company has a 50-day simple moving average of $371.90 and a 200-day simple moving average 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. The company has a market cap of $9.05 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 0.47 and a beta of 1.05. Affiliated Managers Group, Inc. has a 12 month low of $246.11 and a 12 month high of $400.13.

Affiliated Managers Group Company Profile

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.