New York State Teachers Retirement System Lowers Holdings in Affiliated Managers Group, Inc. (NYSE:AMG)

New York State Teachers Retirement System lessened its holdings in shares of Affiliated Managers Group, Inc. (NYSE:AMG - Free Report) by 5.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 institutional investors and hedge funds have also bought and sold shares of the business. Altshuler Shaham Ltd bought a new stake in shares of Affiliated Managers Group during the 2nd quarter valued at about $28,000. UMB Bank n.a. grew its stake 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 worth $33,000 after purchasing an additional 154 shares during the period. Daiwa Securities Group Inc. bought a new stake in shares of Affiliated Managers Group during the 2nd quarter valued at $47,000. Goodman Advisory Group LLC purchased a new stake in shares of Affiliated Managers Group in the 2nd quarter worth about $50,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Affiliated Managers Group by 2,530.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 789 shares of the asset manager's stock worth $140,000 after acquiring an additional 759 shares in the last quarter. Hedge funds and other institutional investors own 95.30% of the company's stock.

Insider Activity

In other Affiliated Managers Group news, CEO Jay C. Horgen sold 9,000 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $171.98, for a total value of $1,547,820.00. Following the transaction, the chief executive officer now owns 377,276 shares of the company's stock, valued at approximately $64,883,926.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Thomas M. Wojcik sold 4,786 shares of the business'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 completion of 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jay C. Horgen sold 9,000 shares of the company's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $171.98, for a total value of $1,547,820.00. Following the completion of the sale, the chief executive officer now owns 377,276 shares of the company's stock, valued at $64,883,926.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,408 shares of company stock valued at $3,865,068 in the last ninety days. 1.90% of the stock is currently owned by company insiders.

Affiliated Managers Group Stock Performance

Shares of AMG traded down $16.75 during mid-day trading on Monday, hitting $177.06. 490,946 shares of the company traded hands, compared to its average volume of 240,861. Affiliated Managers Group, Inc. has a 1 year low of $129.57 and a 1 year high of $199.52. The stock has a 50-day moving average price of $180.27 and a two-hundred day moving average price of $168.54. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 10.42, a P/E/G ratio of 0.62 and a beta of 1.18.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMG. Deutsche Bank Aktiengesellschaft raised their target price on shares of Affiliated Managers Group from $202.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, August 15th. TD Cowen boosted their target price on Affiliated Managers Group from $201.00 to $226.00 and gave the stock a "buy" rating in a report on Tuesday, July 30th. Bank of America lifted their price target on Affiliated Managers Group from $200.00 to $201.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 30th. StockNews.com lowered shares of Affiliated Managers Group from a "buy" rating to a "hold" rating in a research note on Tuesday, July 30th. Finally, Barrington Research reiterated an "outperform" rating and issued a $210.00 target price on shares of Affiliated Managers Group in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Affiliated Managers Group currently has a consensus rating of "Moderate Buy" and an average target price of $210.50.

Affiliated Managers Group Company 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.