For its first fiscal quarter (ending March 31), Affiliated Managers Group Inc. (NYSE: AMG) has reported a 22% increase in E.P.S. from $3.74 a year ago to $4.56 in the current quarter. Relative to the consensus estimate of $5.33, this was a shortfall of $-0.77. For the latest four quarters through March 31, E.P.S. were $20.10 compared to $30.27 a year ago — a decline of -34%.
Recent Price Action
Affiliated Managers Group Inc. (NYSE: AMG) stock closed at $157.23 on 5/6/24 after a modest decline of -1.9%. Moreover, this decline was accompanied by exceptionally high trading volume at 443% of normal. The stock has declined -1.9% 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). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Affiliated Managers Group has a good Appreciation Score of 78 and a very high Power Rating of 90, resulting in 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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