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

NEW YORK ( TheStreet) -- Affiliated Managers Group (NYSE: AMG) hit a new 52-week high Friday as it is currently trading at $171.83, above its previous 52-week high of $171.59 with 7,418 shares traded as of 9:36 a.m. ET. Average volume has been 382,600 shares over the past 30 days.

Affiliated Managers Group has a market cap of $8.74 billion and is part of the financial sector and financial services industry. Shares are up 27.3% 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.

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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, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Affiliated Managers Group Ratings Report.

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