For its second fiscal quarter (ending June 30), Affiliated Managers Group Inc. (NYSE: AMG) has reported E.P.S. of $2.42 compared to $3.49 a year ago. For the latest four quarters through June 30, E.P.S. were $19.07 versus $30.93 for the same period a year ago.
Recent Price Action
Affiliated Managers Group Inc. (NYSE: AMG) stock enjoyed a large increase of 3.9% on 7/29/24. The stock closed at $183.90. Moreover, trading volume in this advance was unusually high at 198% of normal. The stock has risen 9.5% during the last week and 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 77 and a good Power Rating of 83, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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