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Are Finance Stocks Lagging Affiliated Managers Group (AMG) This Year?
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The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Affiliated Managers Group (AMG - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Affiliated Managers Group is one of 871 individual stocks in the Finance sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Affiliated Managers Group is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AMG's full-year earnings has moved 1.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that AMG has returned about 19% since the start of the calendar year. At the same time, Finance stocks have gained an average of 17.1%. This shows that Affiliated Managers Group is outperforming its peers so far this year.
One other Finance stock that has outperformed the sector so far this year is BlackRock (BLK - Free Report) . The stock is up 17.9% year-to-date.
The consensus estimate for BlackRock's current year EPS has increased 0.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Affiliated Managers Group belongs to the Financial - Investment Management industry, a group that includes 37 individual stocks and currently sits at #149 in the Zacks Industry Rank. This group has gained an average of 24.6% so far this year, so AMG is slightly underperforming its industry in this area. BlackRock is also part of the same industry.
Investors interested in the Finance sector may want to keep a close eye on Affiliated Managers Group and BlackRock as they attempt to continue their solid performance.
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Are Finance Stocks Lagging Affiliated Managers Group (AMG) This Year?
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Affiliated Managers Group (AMG - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Affiliated Managers Group is one of 871 individual stocks in the Finance sector. Collectively, these companies sit at #5 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Affiliated Managers Group is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AMG's full-year earnings has moved 1.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that AMG has returned about 19% since the start of the calendar year. At the same time, Finance stocks have gained an average of 17.1%. This shows that Affiliated Managers Group is outperforming its peers so far this year.
One other Finance stock that has outperformed the sector so far this year is BlackRock (BLK - Free Report) . The stock is up 17.9% year-to-date.
The consensus estimate for BlackRock's current year EPS has increased 0.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Affiliated Managers Group belongs to the Financial - Investment Management industry, a group that includes 37 individual stocks and currently sits at #149 in the Zacks Industry Rank. This group has gained an average of 24.6% so far this year, so AMG is slightly underperforming its industry in this area. BlackRock is also part of the same industry.
Investors interested in the Finance sector may want to keep a close eye on Affiliated Managers Group and BlackRock as they attempt to continue their solid performance.