AMG’s Alternatives Boom Powers Record Growth
Affiliated Managers Group (AMG) reported Q2 revenue of $640.7 million and record assets under management of $942.4 billion, beating analyst expectations, according to the company. Net income rose to $237 million and economic EPS to $8.29. Alternatives now drive over 60% of earnings. Analysts rate the stock Buy/Strong Buy; shares around $370 with a $370.86 consensus target.

