BlackRock Amends AMG Stake: Ownership Update as of Dec 31, 2023
Ticker: MGRE · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1004434
| Field | Detail |
|---|---|
| Company | Affiliated Managers Group, Inc. (MGRE) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, 13G, asset-manager
TL;DR
**BlackRock updated its stake in Affiliated Managers Group, signaling a potential shift in institutional sentiment.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating a change in its ownership stake in Affiliated Managers Group Inc. as of December 31, 2023. This amendment (Amendment No: 16) updates their previous filing, showing their current beneficial ownership of Common Stock in Affiliated Managers Group Inc. For investors, this matters because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing stock price movements.
Why It Matters
Large institutional investors like BlackRock often conduct extensive due diligence; their buying or selling activity can be seen as a vote of confidence or concern, influencing other investors and the stock's valuation.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not inherently signal high risk, but rather provides transparency on ownership changes.
Analyst Insight
Investors should monitor subsequent filings from BlackRock or other major institutions for Affiliated Managers Group Inc. to identify any significant changes in ownership percentages, which could indicate a stronger bullish or bearish stance. This filing itself is a routine update, so no immediate action is warranted based solely on this information.
Key Numbers
- 008252108 — CUSIP Number (Identifies the specific class of securities (Common Stock) of Affiliated Managers Group Inc.)
- 16 — Amendment Number (Indicates this is the sixteenth update to BlackRock's Schedule 13G filing for Affiliated Managers Group Inc.)
Key Players & Entities
- BlackRock Inc. (company) — the entity filing the SC 13G/A, reporting its ownership in Affiliated Managers Group Inc.
- Affiliated Managers Group Inc. (company) — the subject company whose securities are being reported on by BlackRock Inc.
- December 31, 2023 (date) — the date of the event which required the filing of this statement, indicating the snapshot of ownership.
- January 24, 2024 (date) — the date the SC 13G/A amendment was filed with the SEC.
- Amendment No: 16 (number) — the specific amendment number for BlackRock's filing regarding Affiliated Managers Group Inc.
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 16)' sections.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What company's securities are being reported on in this filing?
The securities of AFFILIATED MANAGERS GROUP, INC. are being reported on, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AFFILIATED MANAGERS GROUP, INC.' and 'Name of Issuer) AFFILIATED MANAGERS GROUP INC'.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified under 'Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Under which rule of the Securities Exchange Act of 1934 is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, indicated by '[X] Rule 13d-1(b)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding AFFILIATED MANAGERS GROUP, INC. (MGRE).