Affiliated Managers Group Shares Soar 6.2% Amid Strong Profitability and AUM Growth

Affiliated Managers Group (AMG) shares surged 6.2% after reporting Q3 results, with adjusted EPS up 26.6% to $6.10 and AUM growing 10.3% YoY to $803.6 billion. Although revenue missed estimates, investors focused on profitability and AUM growth, viewing it as a positive sign for the business. AMG's shares have gained 18.1% YTD and 29.41% over the past year, setting a new 52-week high at $251.24.