As Affiliated Managers Group (AMG) Market Value Declined, Edgepoint Investment Group Has Trimmed Its Stake; Nvidia Corp. (NVDA) Holder Aviance Capital Partners Increased Stake by $698,116 as Market Value Rose

February 23, 2018 - By mmahotstuff

Edgepoint Investment Group Inc decreased its stake in Affiliated Managers Group (AMG) by 0.78% based on its latest 2017Q3 regulatory filing with the SEC. Edgepoint Investment Group Inc sold 15,020 shares as the company’s stock declined 9.34% while stock markets rallied. The institutional investor held 1.92M shares of the finance company at the end of 2017Q3, valued at $363.96 million, down from 1.93 million at the end of the previous reported quarter. Edgepoint Investment Group Inc who had been investing in Affiliated Managers Group for a number of months, seems to be less bullish one the $10.42 billion market cap company. The stock increased 0.36% or $0.68 during the last trading session, reaching $187.51. About 11,670 shares traded. Affiliated Managers Group, Inc. (NYSE:AMG) has declined 5.60% since February 23, 2017 and is downtrending. It has underperformed by 22.30% the S&P500.

Aviance Capital Partners Llc increased its stake in Nvidia Corp. (NVDA) by 79.65% based on its latest 2017Q3 regulatory filing with the SEC. Aviance Capital Partners Llc bought 3,922 shares as the company’s stock rose 26.83% with the market. The institutional investor held 8,846 shares of the semiconductors company at the end of 2017Q3, valued at $1.58 million, up from 4,924 at the end of the previous reported quarter. Aviance Capital Partners Llc who had been investing in Nvidia Corp. for a number of months, seems to be bullish on the $148.05 billion market cap company. The stock increased 0.89% or $2.16 during the last trading session, reaching $244.31. About 2.53M shares traded. NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since February 23, 2017 and is uptrending. It has outperformed by 195.58% the S&P500.

Investors sentiment increased to 1.3 in Q3 2017. Its up 0.09, from 1.21 in 2017Q2. It is positive, as 45 investors sold NVDA shares while 282 reduced holdings. 127 funds opened positions while 298 raised stakes. 387.15 million shares or 0.29% less from 388.29 million shares in 2017Q2 were reported. Advantus Capital invested in 0.28% or 61,013 shares. First Western Cap Mngmt has invested 0.24% in NVIDIA Corporation (NASDAQ:NVDA). Thompson Davis & holds 0.51% or 1,610 shares in its portfolio. 4,434 were accumulated by Provise Management Grp Limited Liability Co. Strategic Fincl Ser has 0.05% invested in NVIDIA Corporation (NASDAQ:NVDA). 10.17M were accumulated by Jennison Assoc Limited Company. Prudential Finance Incorporated stated it has 820,787 shares or 0.24% of all its holdings. Stephens Ar stated it has 3,928 shares. Reilly Fincl Advsrs Limited Liability Com reported 1,126 shares or 0.03% of all its holdings. Delta Asset Ltd Company Tn owns 250 shares for 0.01% of their portfolio. Nomura Asset Management Limited owns 470,684 shares for 1.09% of their portfolio. Bowling Mgmt Ltd reported 2,880 shares. Koch Indus holds 6,021 shares or 0.26% of its portfolio. Nikko Asset Mgmt Americas invested 1.65% in NVIDIA Corporation (NASDAQ:NVDA). St Johns Inv Mngmt Ltd holds 110 shares or 0.01% of its portfolio.

Aviance Capital Partners Llc, which manages about $417.57 million and $295.75M US Long portfolio, decreased its stake in Proshares Ultrashort S&P 500 by 10,050 shares to 4,950 shares, valued at $231,000 in 2017Q3, according to the filing. It also reduced its holding in Nike Inc. (NYSE:NKE) by 8,763 shares in the quarter, leaving it with 12,006 shares, and cut its stake in Colgate (NYSE:CL).

Since September 1, 2017, it had 0 buys, and 13 insider sales for $92.81 million activity. Kress Colette also sold $4.23M worth of NVIDIA Corporation (NASDAQ:NVDA) shares. Shares for $6.34 million were sold by Shoquist Debora. $5.11M worth of NVIDIA Corporation (NASDAQ:NVDA) was sold by SEAWELL A BROOKE on Friday, September 1. $15.02M worth of NVIDIA Corporation (NASDAQ:NVDA) was sold by STEVENS MARK A on Wednesday, September 20. HUANG JEN HSUN sold $18.27M worth of stock or 110,000 shares. Shares for $69,943 were sold by Byron Michael.

Among 44 analysts covering Nvidia Corporation (NASDAQ:NVDA), 25 have Buy rating, 3 Sell and 16 Hold. Therefore 57% are positive. Nvidia Corporation had 185 analyst reports since August 3, 2015 according to SRatingsIntel. As per Friday, November 17, the company rating was maintained by Canaccord Genuity. SunTrust maintained NVIDIA Corporation (NASDAQ:NVDA) on Friday, February 9 with “Buy” rating. The firm has “Buy” rating given on Thursday, August 17 by RBC Capital Markets. RBC Capital Markets maintained it with “Buy” rating and $17500 target in Wednesday, July 12 report. The company was upgraded on Friday, August 12 by RBC Capital Markets. The firm has “Hold” rating by Topeka Capital Markets given on Friday, November 6. As per Monday, October 12, the company rating was reinitiated by TH Capital. Mizuho maintained NVIDIA Corporation (NASDAQ:NVDA) on Monday, January 15 with “Buy” rating. Pacific Crest upgraded NVIDIA Corporation (NASDAQ:NVDA) on Tuesday, June 20 to “Sector Weight” rating. The stock has “Buy” rating by B. Riley & Co on Tuesday, October 25.

Among 10 analysts covering Affiliated Managers Group (NYSE:AMG), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Affiliated Managers Group had 48 analyst reports since August 9, 2015 according to SRatingsIntel. Citigroup upgraded the stock to “Buy” rating in Monday, April 25 report. Jefferies maintained the stock with “Buy” rating in Tuesday, October 10 report. On Tuesday, January 26 the stock rating was maintained by Deutsche Bank with “Buy”. Deutsche Bank maintained Affiliated Managers Group, Inc. (NYSE:AMG) rating on Wednesday, October 5. Deutsche Bank has “Buy” rating and $188 target. As per Friday, November 4, the company rating was downgraded by Deutsche Bank. The rating was maintained by Deutsche Bank on Thursday, March 17 with “Buy”. The stock of Affiliated Managers Group, Inc. (NYSE:AMG) has “Buy” rating given on Friday, September 18 by Deutsche Bank. The firm earned “Outperform” rating on Thursday, September 3 by Wood. The firm has “Buy” rating given on Friday, January 8 by Deutsche Bank. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, December 21.

Edgepoint Investment Group Inc, which manages about $6.69 billion US Long portfolio, upped its stake in Flowserve Corp (NYSE:FLS) by 2.54 million shares to 8.84 million shares, valued at $376.70 million in 2017Q3, according to the filing. It also increased its holding in Csx Corp. (NYSE:CSX) by 1.60 million shares in the quarter, for a total of 7.09 million shares, and has risen its stake in Davidstea Inc.

Investors sentiment increased to 0.91 in Q3 2017. Its up 0.01, from 0.9 in 2017Q2. It is positive, as 34 investors sold AMG shares while 158 reduced holdings. 50 funds opened positions while 125 raised stakes. 49.56 million shares or 1.61% less from 50.37 million shares in 2017Q2 were reported. State Of Alaska Department Of Revenue holds 0.05% or 5,290 shares in its portfolio. Washington Bank & Trust owns 0% invested in Affiliated Managers Group, Inc. (NYSE:AMG) for 149 shares. Mutual Of America Capital Management Ltd Liability Company invested 0.02% of its portfolio in Affiliated Managers Group, Inc. (NYSE:AMG). Pennsylvania Trust Communications owns 1,275 shares. Paradigm Asset Ltd Liability has invested 0.89% in Affiliated Managers Group, Inc. (NYSE:AMG). Amundi Pioneer Asset Incorporated reported 0.43% of its portfolio in Affiliated Managers Group, Inc. (NYSE:AMG). Dekabank Deutsche Girozentrale reported 6,367 shares. 17,195 were reported by Wellington Mngmt Grp Llp. 1,350 were reported by Tompkins. Sumitomo Life Ins accumulated 3,699 shares. Fred Alger Mngmt invested in 0.01% or 9,112 shares. Advantus Cap Mngmt reported 5,777 shares or 0.03% of all its holdings. Commerce Commercial Bank owns 3,079 shares or 0.01% of their US portfolio. Guggenheim Capital Lc has invested 0.08% in Affiliated Managers Group, Inc. (NYSE:AMG). Korea has invested 0.03% of its portfolio in Affiliated Managers Group, Inc. (NYSE:AMG).

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