AMG stock slips as buyback boost, new deals and a COO exit hit the tape
Affiliated Managers Group shares fell 1.5% to $324.17 Friday after the board approved a new 4.2 million-share buyback and set a $0.01 dividend for March 9. AMG reported fourth-quarter economic EPS of $9.48 and net client inflows of $12.1 billion. The company bought a minority stake in HighBrook Investors and increased its stake in Garda Capital. COO will depart March 6.