Affiliated Managers Group (AMG)  shares rating remains a “buy” after being reviewed by Bank of America on Tuesday Oct. 14. At the opening of the stock exchange session, the group’s shares were selling for $185.36.

As WKRB   informs MHProNews, AMG is staying below their price objective fixed at $230 a share.

The group sees growth, as it reports of $2.65 earning per share at the end of July 2014. This earning goes over previous year $2.18 earning as well as the consensus by $0.05.

The group stays confident as it still, as do many others, face the consequences of economic difficulties.

“AMG’s strong results for the second quarter, including Economic earnings per share of $2.65, and record assets under management of $625 billion (a 33% increase over the year-ago period), reflect continued outstanding organic growth and ongoing investment outperformance generated by our industry-leading boutiques,” stated Sean M. Healey, Chairman and Chief Executive Officer of AMG. ##

(Sean Healey photo credit – AMG)

(Article submitted by Lucine Colignon to Daily Business News – MHProNews)