Allianz Asset Management Adds $22M in Affiliated Managers Group, Inc. ($AMG)
Key Points
- Allianz Asset Management changed its Affiliated Managers Group, Inc. ($AMG) stake by 14.6% last quarter, boosting to 488,742 shares worth $172.06 million.
- Wall Street's consensus rating on $AMG is Strong Buy and an average price target of $381.00.
- $AMG last traded around $352.05.
Allianz Asset Management increased its position in Affiliated Managers Group, Inc. ($AMG) by 14.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 488,742 shares of Affiliated Managers Group, Inc. after buying 62,093 shares during the quarter. Allianz Asset Management's holdings in Affiliated Managers Group, Inc. were worth $172.06 million as of its most recent filing.
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About Affiliated Managers Group, Inc.
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. These funds are distributed to retail, high net worth and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments. The company also offers investment products in various investment styles in the institutional distribution channel, including small, small/mid, mid, and large capitalization value and growth equity, and emerging markets. In addition, it offers quantitative, alternative, and fixed income products, and manages assets for foundations and endowments, defined benefit, and defined contribution plans for corporations and municipalities. Affiliated Managers Group provides investment management or customized investment counseling and fiduciary services. Affiliated Managers Group, Inc. was formed in 1993 and is based in West Palm Beach, Florida with additional offices in Prides Crossing, Massachusetts; Stamford, Connecticut; London, United Kingdom; Dubai, United Arab Emirates; Sydney, Australia; Hong Kong; Tokyo, Japan, Zurich, Switzerland and Delaware.
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