Affiliated Managers Group Inc. (NYSE: AMG) has reported earnings for its third fiscal quarter (ending September 30) of $4.11 versus $6.22 for the same period a year ago — a decline of -34%. For the latest four quarters through September 30, E.P.S. were $16.94 versus $34.16 for the same period a year ago — a decline of -50%.
Recent Price Action
Affiliated Managers Group Inc. (NYSE: AMG) stock closed at $177.06 on 11/4/24 after a large decline of -8.6%. Moreover, trading volume in this decline was exceptionally high at 278% of normal. The stock has declined -7.5% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
AMG is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Affiliated Managers Group has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Affiliated Managers Group has a good Appreciation Score of 73 and a good Power Rating of 84, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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