NEW YORK (TheStreet) -- Affiliated Managers (AMG) - Get Report shares closed trading down by 1.02% to $208.02 on Tuesday afternoon, following the release of the company's 2015 second quarter earnings results.
The West Palm Beach, FL based global asset management company reported earnings of $3.08 per share on revenue that increased 1.6% year over year to $646.6 million
Analysts on average were expecting the company to report earnings of $3.06 per share on revenue of $667.6 million.
"We have generated strong organic growth from positive client cash flows for 21 consecutive quarters - including over $4 billion in net inflows during the second quarter - which is particularly notable given the muted investor risk appetite observed by the broader industry," CEO Sean Healey said in a statement.
"Looking ahead, given our unparalleled competitive position, including a proven track record of successful partnerships spanning over two decades, we are uniquely well positioned to execute on a broad and diverse opportunity set of prospective Affiliates," Healey added.
Separately, TheStreet Ratings team rates AFFILIATED MANAGERS GRP INC as a Buy with a ratings score of A.