Affiliated Managers Group Inc. (NYSE: AMG) has reported E.P.S. of $6.22 for its third fiscal quarter (ending September 30) versus $2.95 for the same period a year ago — an increase of 111%. This result exceeded the consensus estimate of $3.74 by $2.48. E.P.S. were $34.16 for the latest four quarters through September 30 versus $13.88 for the same period a year ago — an increase of 146%.
Recent Price Action
Affiliated Managers Group Inc. (NYSE: AMG) stock closed at $130.51 on 11/6/23 after an increase of 2.0%. The stock has performed in line with the market over the last nine months and has risen 6.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AMG is expected to continue to be a major Value Builder.
Affiliated Managers Group has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Affiliated Managers Group has a slightly positive Appreciation Score of 69 but a slightly negative Power Rating of 40, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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