NEW YORK (TheStreet) -- Affiliated Managers (AMG) - Get Affiliated Managers Group, Inc. Report shares are down 3.38% to $203.14 in trading on Tuesday following the release of the global asset management company's fourth quarter earnings results.
The company reported a quarterly net income of $172.6 million, or $3.55 per share on an adjusted basis, on revenue of $641.2 million during the period.
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Analysts on average were expecting earnings of $3.49 per share on revenue of $665.7 million.
The company reported a profit of $452.1 million, or $8.01 per share, on revenue of $2.51 billion for the year.
TheStreet Ratings team rates AFFILIATED MANAGERS GRP INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate AFFILIATED MANAGERS GRP INC (AMG) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: AMG Ratings Report