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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Affiliated Managers Group (NYSE: AMG) hit a new 52-week high Friday as it is currently trading at $134.94, above its previous 52-week high of $134.91 with 40,551 shares traded as of 11:05 a.m. ET. Average volume has been 306,400 shares over the past 30 days. Affiliated Managers Group has a market cap of $6.99 billion and is part of the financial sector and financial services industry. Shares are up 3.6% year to date as of the close of trading on Thursday. 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 51.1, above the S&P 500 P/E ratio of 17.7.