RTTNews | Feb 8, 2021 10:43AM EST

10:43 Monday, February 8, 2021 (RTTNews.com) - Affiliated Managers Group, Inc. (AMG) shares are gaining on Monday trading as the company reported a higher profit for the fourth quarter.

Currently, the shares are trading at $124.70, up 10.93 percent. The shares have traded in a range of $44.37-$128.71 for the last 52-week period on average volume of 367,167.

For the fourth quarter, the company reported net profit of $195.8 million or $2.58 per share, up from $95.9 million or $0.46 per share in the prior year.

Revenue for the quarter slightly declined to $554.4 million from $555.5 million a year ago.

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