The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Affiliated Managers Group (AMG) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
Affiliated Managers Group is one of 865 companies in the Finance group. The Finance group currently sits at #1 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Affiliated Managers Group is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AMG's full-year earnings has moved 4.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that AMG has returned about 38.9% since the start of the calendar year. In comparison, Finance companies have returned an average of 11.3%. This shows that Affiliated Managers Group is outperforming its peers so far this year.
Another Finance stock, which has outperformed the sector so far this year, is Interactive Brokers Group, Inc. (IBKR). The stock has returned 38.2% year-to-date.
For Interactive Brokers Group, Inc., the consensus EPS estimate for the current year has increased 5.2% 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 34 individual stocks and currently sits at #75 in the Zacks Industry Rank. On average, this group has lost an average of 18.8% so far this year, meaning that AMG is performing better in terms of year-to-date returns.
On the other hand, Interactive Brokers Group, Inc. belongs to the Financial - Investment Bank industry. This 21-stock industry is currently ranked #22. The industry has moved +24.7% year to date.
Affiliated Managers Group and Interactive Brokers Group, Inc. could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.
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Affiliated Managers Group, Inc. (AMG): Free Stock Analysis Report Interactive Brokers Group, Inc. (IBKR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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