Affiliated Managers Group Inc (NYSE:AMG) Reports Increase in Sellers; Strong Momentum for Short Players

September 14, 2018 - By Ashley Bratcher

Affiliated Managers Group, Inc. (NYSE:AMG) Logo

Investors sentiment increased to 0.91 in 2018 Q2. Its up 0.12, from 0.79 in 2018Q1. It improved, as 55 investors sold Affiliated Managers Group, Inc. shares while 142 reduced holdings. 55 funds opened positions while 125 raised stakes. 47.51 million shares or 3.55% less from 49.26 million shares in 2018Q1 were reported.
Osborne Prns Capital Mgmt Lc has 4,145 shares for 0.08% of their portfolio. Norinchukin Financial Bank The reported 0.01% in Affiliated Managers Group, Inc. (NYSE:AMG). 12,240 were reported by Rosenblum Silverman Sutton S F Ca. Panagora Asset Mgmt invested in 0% or 4,528 shares. Employees Retirement System Of Texas holds 0.01% or 4,300 shares. Oregon Pub Employees Retirement Fund reported 6,078 shares stake. Fincl Architects has invested 0.04% in Affiliated Managers Group, Inc. (NYSE:AMG). Pinebridge Investments Ltd Partnership invested 0.04% in Affiliated Managers Group, Inc. (NYSE:AMG). 6,976 are owned by Amalgamated Bank & Trust. Ranger Invest Management Lp accumulated 0.01% or 840 shares. State Board Of Administration Of Florida Retirement Systems holds 72,998 shares. Td Asset Inc owns 22,961 shares. Neuberger Berman Group Ltd Liability Co holds 100,626 shares. Mai Mgmt accumulated 2,337 shares. Deutsche Financial Bank Ag reported 0.03% stake.

Since June 6, 2018, it had 0 insider buys, and 1 insider sale for $329,401 activity.

The stock of Affiliated Managers Group Inc (NYSE:AMG) registered an increase of 37.9% in short interest. AMG’s total short interest was 897,200 shares in September as published by FINRA. Its up 37.9% from 650,600 shares, reported previously. With 399,500 shares average volume, it will take short sellers 2 days to cover their AMG’s short positions. The short interest to Affiliated Managers Group Inc’s float is 1.69%.

The stock increased 1.63% or $2.29 during the last trading session, reaching $142.99. About 71,347 shares traded. Affiliated Managers Group, Inc. (NYSE:AMG) has declined 20.51% since September 14, 2017 and is downtrending. It has underperformed by 36.13% the S&P500.

Affiliated Managers Group, Inc., through its affiliates, operates as an asset management firm providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. The company has market cap of $7.64 billion. It provides advisory or subadvisory services to mutual funds. It has a 11.3 P/E ratio. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.

Affiliated Managers Group, Inc. (NYSE:AMG) Ratings Coverage

Among 8 analysts covering Affiliated Managers Group (NYSE:AMG), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Affiliated Managers Group has $22600 highest and $191 lowest target. $207.86’s average target is 45.37% above currents $142.99 stock price. Affiliated Managers Group had 13 analyst reports since April 6, 2018 according to SRatingsIntel. Wood downgraded Affiliated Managers Group, Inc. (NYSE:AMG) on Wednesday, April 11 to “Market Perform” rating. The firm has “Buy” rating given on Thursday, August 16 by Deutsche Bank. Barrington maintained the shares of AMG in report on Thursday, April 5 with “Buy” rating. On Friday, April 6 the stock rating was maintained by Deutsche Bank with “Buy”. The stock of Affiliated Managers Group, Inc. (NYSE:AMG) earned “Buy” rating by Citigroup on Tuesday, May 1. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, April 10. The rating was maintained by Credit Suisse on Tuesday, May 1 with “Neutral”. The firm has “Buy” rating by Jefferies given on Wednesday, April 11. Barrington Research maintained Affiliated Managers Group, Inc. (NYSE:AMG) on Monday, July 16 with “Outperform” rating. Barrington maintained the stock with “Buy” rating in Monday, April 30 report.

Affiliated Managers Group, Inc. (NYSE:AMG) Institutional Positions Chart

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