NEW YORK ( TheStreet) -- Affiliated Managers Group Inc (NYSE: AMG) hit a new 52-week low Monday as it is currently trading at $75.49, below its previous 52-week low of $75.71 with 438,867 shares traded as of 12:19 p.m. ET. Average volume has been 708,800 shares over the past 30 days. Affiliated Managers Group has a market cap of $4.3 billion and is part of the financial sector and financial services industry. Shares are down 21.3% year to date as of the close of trading on Friday. Affiliated Managers Group, Inc., through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. The company has a P/E ratio of 38.8, above the average financial services industry P/E ratio of 23.9 and above the S&P 500 P/E ratio of 17.7.
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