Affiliated Managers Group Reaches New 52-Week High (AMG)
Affiliated Managers Group (NYSE:AMG) hit a new 52-week high Wednesday as it is currently trading at $143.26, above its previous 52-week high of $143.11 with 165,022 shares traded as of 2:40 p.m. ET. Average volume has been 313,700 shares over the past 30 days.
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 Wednesday as it is currently trading at $143.26, above its previous 52-week high of $143.11 with 165,022 shares traded as of 2:40 p.m. ET. Average volume has been 313,700 shares over the past 30 days. Affiliated Managers Group has a market cap of $7.38 billion and is part of the financial sector and financial services industry. Shares are up 9.4% year to date as of the close of trading on Tuesday. 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 53.5, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Affiliated Managers Group as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, solid stock price performance, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Affiliated Managers Group Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.