Affiliated Managers Group Keeps Riding the Bull
Asset managers like it when bull markets push the value of their holdings higher, as it typically means more fee revenue for them. Affiliated Managers Group (NYSE: AMG) has made strategic moves to complement the upward impact of a rising market, and its success has helped send its stock to levels it hasn't seen since the boom times of 2015.
Coming into Monday's third-quarter financial report, AMG shareholders fully believed that the asset manager would be able to sustain its recent run of growth, and the company didn't disappoint them. AMG also said that it should be able to find new opportunities to expand. Let's take a closer look at Affiliated Managers Group, and consider whether it can sustain its positive momentum through the end of the year and beyond.
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 6 Buy predictions and no Sell predictions.
With a target price of 175 € there is a slightly positive potential of 19.86% for Affiliated Managers Group compared to the current price of 146.0 €.
