EarningsQ2 Earnings Top Expectations; Reiterating OUTPERFORM Rating and Raising our 12-Month Price Target to $240 from $200.
Growth StrategyAMG has returned to positive organic growth due to strategic shifts into growth verticals like private markets and liquid Alts.
Net FlowsNet client cash inflows were $8.1 billion in the second quarter, AMG’s strongest net flow quarter in more than a decade, reflecting ongoing strength in private markets fundraising and growing client demand for liquid alternative strategies.