Affiliated Managers Group, Inc. (NYSE:AMG) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in Affiliated Managers Group, Inc. (NYSE:AMG) by 2,530.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 789 shares of the asset manager’s stock after acquiring an additional 759 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Affiliated Managers Group were worth $140,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new stake in shares of Affiliated Managers Group in the 2nd quarter valued at $28,000. UMB Bank n.a. increased its holdings in Affiliated Managers Group by 481.3% in the third quarter. UMB Bank n.a. now owns 186 shares of the asset manager’s stock valued at $33,000 after buying an additional 154 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in Affiliated Managers Group in the second quarter valued at $47,000. Goodman Advisory Group LLC purchased a new stake in Affiliated Managers Group during the 2nd quarter worth about $50,000. Finally, GAMMA Investing LLC lifted its holdings in Affiliated Managers Group by 103.6% during the 3rd quarter. GAMMA Investing LLC now owns 794 shares of the asset manager’s stock worth $141,000 after buying an additional 404 shares during the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at Affiliated Managers Group

In other 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 owns 128,457 shares in the company, valued at approximately $22,208,930.73. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Rizwan M. Jamal sold 8,622 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was 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 owns 128,457 shares in the company, valued at $22,208,930.73. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Thomas M. Wojcik sold 4,786 shares of Affiliated Managers Group stock in a transaction 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 transaction, the chief operating officer now owns 84,392 shares in the company, 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. Over the last three months, insiders have sold 22,408 shares of company stock worth $3,865,068. 1.90% of the stock is owned by company insiders.

Affiliated Managers Group Price Performance

AMG stock opened at $193.81 on Monday. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 0.62 and a beta of 1.18. The company has a fifty day moving average price of $180.27 and a 200 day moving average price of $168.47. Affiliated Managers Group, Inc. has a 12 month low of $123.65 and a 12 month high of $199.52.

About Affiliated Managers Group

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.