AMG News and Press, Affiliated Managers Group Inc. From 07/12/21

Shares of Affiliated Managers Group Inc. (NYSE:AMG) traded today at $180.29, eclipsing its 52-week high. Approximately 53,000 shares have changed hands today, as compared to an average 30-day volume of 322,000 shares. Over the past year, Affiliated Managers Group Inc. has traded in a ran...

JHVEPhoto/iStock Editorial via Getty Images Citi analyst William Katz upgrades Invesco (IVZ) to Buy from Neutral and opens 90-Day Positive Catalyst Watch on the stock, as the firm offers  "among the highest EPS upside surprise potential." IVZ rises 0.9% in premarket trading. Adds Af...

primeimages/E+ via Getty ImagesThis week's top financial gainers includes asset managers like StepStone Group and Affiliated Managers Group, and the credit servicer Santander Consumer USA Holdings.Finviz data tracks weekly rate of change performance for the last five trading sessions.This wee...

Gainers: Affiliated Managers Group (AMG) +7%. Noah Holdings (NOAH) +7%. Khosla Ventures Acquisition (KVSB) +6%. InnSuites Hospitality Trust (IHT) +5%.Losers: Ashford Hospitality Trust (AHT) -32%. Wheeler Real Estate Investment Trust (WHLR) -16%. UP Fintech Holding (TIGR) -16%. Greenhill (GHL)...

Blue Planet Studio/iStock via Getty ImagesShares of Affiliated Managers Group (AMG) rise 5.8% after agreeing to acquire a majority equity interest in Parnassus Investments, an environmental, social, and governance-focused asset manager.After the closing of the transaction, Parnassus...

AMG to invest in Parnassus, the largest ESG-dedicated fund manager in the U.S. The addition of Parnassus will bring AMG’s ESG-dedicated AUM to approximately $80 billion, and AUM incorporating ESG factors into the investment process to approximately $600 billion Key Parnassu...

Ariel Investments’ 13F portfolio value increased from $8.88B to $10.15B this quarter. They increased First American Financial & Lazard while decreasing Baidu, Berkshire Hathaway, & ViacomCBS. The top three positions are Baidu, Philip Morris, and Microsoft and they a...

Southeastern’s 13F portfolio value increased from $4.48B to $4.68B this quarter. The number of positions decreased from 25 to 24. Southeastern Asset Management added Biogen, Alibaba Group Holdings, and JOYY Inc. while dropping DuPont de Nemours, PotlatchDeltic, Trip.com, and Fo...

With increasing demand for strategic asset management, asset management companies are growing rapidly. As individuals and institutions move to reorganize their finances as they recover from last year’s pandemic-driven recession, we think asset management concerns SEI Investments (SEIC)...

Affiliated Managers Group's 1Q 2021 financial performance was in line with market expectations, with its non-GAAP earnings per share up 35% YoY driven by performance fees and share buybacks. The company has struck a good balance between returning excess capital to shareholders and all...