A Rising Market Pushes Affiliated Managers Group Higher
For Affiliated Managers Group (NYSE: AMG), strength in the financial markets helps its asset management business in many ways. Not only do good returns bring in more clients, but the asset base against which the company charges its management fees grows of its own accord during bull markets. Yet even when times haven't been as good for the markets, AMG has demonstrated a competitive advantage in keeping clients satisfied.
Coming into Monday's second-quarter financial report, AMG shareholders expected that solid market conditions would foster further growth, and the company largely gave those investors what they were looking to see. Yet the bigger question that Affiliated Managers Group addressed was how it intends to move forward with its fast-growing business. Let's look more closely at Affiliated Managers Group and what's ahead for the asset manager.
Image source: Affiliated Managers Group.
Source: Fool.com
Affiliated Managers Group Stock
Affiliated Managers Group is currently one of the favorites of our community with 10 Buy predictions and no Sell predictions.
With a target price of 180 € there is a slightly positive potential of 6.51% for Affiliated Managers Group compared to the current price of 169.0 €.
