Affiliated Managers Group Inc.’s AMG second-quarter 2021 economic earnings of $4.03 per share surpassed the Zacks Consensus Estimate of $3.82. The bottom line grew 47.1% year over year.Results were aided by an improvement in revenues, growth in assets under management (AUM) balance and lower expenses. Further, the company had a robust liquidity position.Economic net income was $171.2 million, up 32.1% from the prior-year quarter.Revenues & AUM Improve, Expenses DeclineTotal revenues improved 24.5% year over year to $586.3 million. However, the top line lagged the Zacks Consensus Estimate of $590.7 million.Adjusted EBITDA was $227.3 million, jumping 40.2% from the year-ago quarter.Total expenses declined 4.8% year over year to $389.9 million. A drastic decline in intangible amortization and impairment costs primarily led to the fall.As of Jun 30, 2021, total AUM was $755.7 billion, up 18.4% year over year. Net client cash outflows in the quarter were $8.1 billion.Capital & Liquidity Position DecentAs of Jun 30, 2021, Affiliated Managers had $777.9 billion in cash and cash equivalents compared with $1.04 billion as of Dec 31, 2020. The company had $2.30 billion of debt, which declined marginally from the Dec 31, 2020 level.Shareholders’ equity as of Jun 30, 2021, was $2.61 billion compared with $2.78 billion as of Dec 31, 2020.Share Repurchase UpdateIn the reported quarter, the company repurchased shares worth nearly $80 million.Our TakeAffiliated Managers’ deal to acquire a majority equity stake in Parnassus Investments is expected to increase its ESG-focused AUM balance. The company remains well-positioned for growth on the back of successful partnerships and global distribution capability along with a diverse product mix.Affiliated Managers Group, Inc. Price, Consensus and EPS Surprise Affiliated Managers Group, Inc. price-consensus-eps-surprise-chart | Affiliated Managers Group, Inc. QuoteAffiliated Managers currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Performance of Other Asset ManagersBlackRock, Inc.’s BLK second-quarter 2021 adjusted earnings of $10.03 per share outpaced the Zacks Consensus Estimate of $9.24. The figure reflects a rise of 27.8 % from the year-ago quarter’s number.Blackstone’s BX second-quarter 2021 distributable earnings of 82 cents per share surpassed the Zacks Consensus Estimate of 80 cents. The figure reflects a rise of 90.7% from the prior-year quarter.SEI Investments Co.’s SEIC second-quarter 2021 earnings of 93 cents per share beat the Zacks Consensus Estimate by a penny. The bottom line reflected 37% growth from the prior-year quarter. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Blackstone Group IncThe (BX): Free Stock Analysis Report BlackRock, Inc. (BLK): Free Stock Analysis Report Affiliated Managers Group, Inc. (AMG): Free Stock Analysis Report SEI Investments Company (SEIC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research