New York State Common Retirement Fund Buys 11,565 Shares of Affiliated Managers Group, Inc. (NYSE:AMG)

New York State Common Retirement Fund lifted its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 6.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 185,147 shares of the asset manager's stock after purchasing an additional 11,565 shares during the quarter. New York State Common Retirement Fund owned approximately 0.58% of Affiliated Managers Group worth $32,919,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC raised its holdings in Affiliated Managers Group by 87.1% in the 1st quarter. Lazard Asset Management LLC now owns 18,536 shares of the asset manager's stock worth $3,103,000 after acquiring an additional 8,628 shares during the period. Diversified Trust Co acquired a new position in shares of Affiliated Managers Group during the 2nd quarter worth about $1,293,000. Susquehanna Fundamental Investments LLC bought a new stake in Affiliated Managers Group during the 1st quarter valued at approximately $4,094,000. LSV Asset Management grew its holdings in Affiliated Managers Group by 10.9% in the 1st quarter. LSV Asset Management now owns 238,504 shares of the asset manager's stock valued at $39,942,000 after buying an additional 23,454 shares during the last quarter. Finally, Sei Investments Co. increased its position in Affiliated Managers Group by 40.8% in the 1st quarter. Sei Investments Co. now owns 48,185 shares of the asset manager's stock worth $8,069,000 after buying an additional 13,968 shares during the period. 95.30% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Rizwan M. Jamal sold 8,622 shares of the firm's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $172.89, for a total value of $1,490,657.58. Following the transaction, the insider now owns 128,457 shares of the company's stock, valued at approximately $22,208,930.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Affiliated Managers Group news, CEO Jay C. Horgen sold 9,000 shares of Affiliated Managers Group stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $171.98, for a total transaction of $1,547,820.00. Following the transaction, the chief executive officer now directly owns 377,276 shares in the company, valued at approximately $64,883,926.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Rizwan M. Jamal sold 8,622 shares of the firm's stock in a transaction 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 sale, the insider now owns 128,457 shares in the company, valued at approximately $22,208,930.73. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,408 shares of company stock valued at $3,865,068. Company insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AMG. Bank of America upped their target price on shares of Affiliated Managers Group from $200.00 to $201.00 and gave the company a "neutral" rating in a research note on Tuesday, July 30th. StockNews.com cut Affiliated Managers Group from a "buy" rating to a "hold" 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 report on Thursday, August 15th. TD Cowen lifted 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. Finally, Barrington Research reaffirmed an "outperform" rating and set a $210.00 price target on shares of Affiliated Managers Group in a report on Wednesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $210.50.

Affiliated Managers Group Price Performance

Shares of AMG stock traded down $0.09 during trading hours on Friday, reaching $193.81. 299,365 shares of the company were exchanged, compared to its average volume of 156,661. Affiliated Managers Group, Inc. has a fifty-two week low of $123.65 and a fifty-two week high of $199.52. The stock's fifty day moving average is $180.27 and its two-hundred day moving average is $168.47. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 0.62 and a beta of 1.18.

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.