Affiliated Managers Group Repurchased About $375 Million of Stock in 6 Months
Affiliated Managers Group repurchased approximately $375 million of its stock over the past six months, including $189 million in the second quarter. The Motley Fool notes that AMG stock has delivered best-in-class returns over the past year.
Why it matters — AMG watchers would care because significant share repurchases and best-in-class returns reflect the company's ongoing efforts to return capital to shareholders.