New York State Teachers Retirement System Has $8.18 Million Stock Position in Affiliated Managers Group, Inc. (NYSE:AMG)

New York State Teachers Retirement System cut its stake in Affiliated Managers Group, Inc. (NYSE:AMG) by 5.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,009 shares of the asset manager’s stock after selling 2,719 shares during the period. New York State Teachers Retirement System owned about 0.14% of Affiliated Managers Group worth $8,180,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Altshuler Shaham Ltd acquired a new position in Affiliated Managers Group during the second quarter worth $28,000. UMB Bank n.a. grew its holdings in shares of Affiliated Managers Group by 481.3% in the 3rd quarter. UMB Bank n.a. now owns 186 shares of the asset manager’s stock worth $33,000 after purchasing an additional 154 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Affiliated Managers Group during the 2nd quarter worth about $47,000. Goodman Advisory Group LLC acquired a new stake in shares of Affiliated Managers Group during the 2nd quarter worth about $50,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Affiliated Managers Group by 2,530.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 789 shares of the asset manager’s stock valued at $140,000 after purchasing an additional 759 shares during the last quarter. Institutional investors own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

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

Affiliated Managers Group Stock Down 0.0 %

AMG stock opened at $193.81 on Monday. Affiliated Managers Group, Inc. has a twelve month low of $123.65 and a twelve month high of $199.52. The company has a market cap of $5.78 billion, a P/E ratio of 11.38, a PEG ratio of 0.62 and a beta of 1.18. The business has a fifty day moving average of $180.27 and a 200-day moving average of $168.47.

Insider Buying and Selling

In other Affiliated Managers Group news, COO Thomas M. Wojcik sold 4,786 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $172.71, for a total transaction of $826,590.06. Following the transaction, the chief operating officer now directly owns 84,392 shares in the company, valued at approximately $14,575,342.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Affiliated Managers Group news, insider Rizwan M. Jamal sold 8,622 shares of Affiliated Managers Group stock in a transaction 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 sale, the insider now owns 128,457 shares of the company’s stock, valued at approximately $22,208,930.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Thomas M. Wojcik sold 4,786 shares of the company’s 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 sale, the chief operating officer now owns 84,392 shares of the company’s stock, valued at $14,575,342.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,408 shares of company stock worth $3,865,068 over the last three months. 1.90% of the stock is currently owned by company insiders.

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.