Affiliated Managers Group Stock Hits New 52-Week High (AMG)

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 Tuesday as it is currently trading at $156.38, above its previous 52-week high of $156.24 with 252,060 shares traded as of 12:10 p.m. ET. Average volume has been 354,900 shares over the past 30 days.

Affiliated Managers Group has a market cap of $7.93 billion and is part of the financial sector and financial services industry. Shares are up 14.8% year to date as of the close of trading on Monday.

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 46, 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 revenue growth, growth in earnings per share, increase in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Affiliated Managers Group Ratings Report.

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