AMG Tops Forecasts

"AMG is committed to maximizing returns for our shareholders through the disciplined allocation of the strong cash flow generated by our business, including our long-standing practice of opportunistically repurchasing our shares, as appropriate," Healey said in a statement.

Other asset managers with lots of cash in hand, including Calamos(CLMS Quote) and Legg Mason(LM Quote), whose stock has been falling for months, have said they will not buy back stock in the near term.

Shares of AMG recently were trading at $89.50, up $2.73, or 3.2%.