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Affiliated Managers Group - AMG STOCK NEWS

Welcome to our dedicated page for Affiliated Managers Group news (Ticker: AMG), a resource for investors and traders seeking the latest updates and insights on Affiliated Managers Group stock.

Affiliated Managers Group, Inc. (NYSE: AMG) is a global asset management company with equity investments in leading boutique investment management firms known as affiliates. AMG partners with top-tier investment firms, providing them with operational autonomy while leveraging its global scale in product distribution, operations, and technology to fuel growth. As of March 31, 2024, AMG's affiliates managed approximately $699 billion across diverse investment strategies, including private markets, liquid alternatives, and differentiated long-only investments.

AMG's strategic investments span influential firms such as AQR Capital Management and Pantheon in alternative assets, which make up a significant portion of AMG’s AUM. For instance, AMG recently expanded its portfolio by acquiring a minority equity interest in Suma Capital, a pan-European private markets firm focused on sustainable infrastructure and growth strategies.

AMG's recent achievements highlight its robust financial condition and strategic growth initiatives. In 2023, AMG reported Economic Earnings per share of $19.48, demonstrating disciplined execution of its capital allocation strategy and investment in affiliates like Ara Partners, a firm specializing in industrial decarbonization. AMG’s flexible capital management, including the issuance of $450 million in 40-year junior hybrid debt, underscores its commitment to long-term value generation.

In addition to its financial performance, AMG is active in enhancing its affiliates' capabilities. Recent collaborations with Pantheon, one of its affiliates, include launching new private equity and private credit funds, reflecting AMG's commitment to innovation and expansion in private markets. Moreover, AMG's leadership transitions, such as the appointments of Thomas M. Wojcik as Chief Operating Officer and Dava E. Ritchea as Chief Financial Officer, signal a continued focus on strategic growth and operational excellence.

AMG continues to attract outstanding firms seeking partnership, offering growth capital, distribution support, and strategic capabilities to build enduring franchises. For more information about AMG and its affiliates, visit www.amg.com.

News

AMG Reports Financial and Operating Results for the Fourth Quarter and Full Year 2023

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AMG, a leading partner to independent investment management firms, reported an EPS of $5.15 and Economic EPS of $6.86 in Q4 2023. The full-year 2023 EPS was $17.42, with Economic EPS of $19.48. Net income (controlling interest) was $673 million, with Economic Net Income (controlling interest) of $718 million. The company completed an investment in Ara Partners, a private markets firm specializing in industrial decarbonization, repurchased $574 million in common stock, and celebrated 30 years of partnering with independent investment management firms. The company's capital management included share repurchases and a cash dividend of $0.01 per share of common stock.
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AMG to Announce Fourth-Quarter and Full-Year Results on February 5, 2024

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AMG to Report Q4 and Full Year 2023 Financial Results on February 5, 2024
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Reuben Jeffery III Appointed as Chair of AMG Board of Directors; Dwight D. Churchill to Continue to Serve on AMG’s Board

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AMG appoints Reuben Jeffery III as the new Chair of the Board, effective January 26, 2024. Mr. Jeffery brings extensive experience in global financial services, having served in leadership roles at Rockefeller & Co., Goldman Sachs, and the U.S. government. His appointment marks a pivotal period in AMG's evolution as it celebrates 30 years of partnering with independent investment firms.
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AMG to Present at the Goldman Sachs Financial Services Conference

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AMG (Ticker: AMG) CFO Thomas M. Wojcik to speak at Goldman Sachs Financial Services Conference on December 5, 2023
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AMG Reports Financial and Operating Results for the Third Quarter and Nine Months Ended September 30, 2023

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AMG reported third-quarter EPS of $5.48 and Economic EPS of $4.08. The company completed investments in Ara Partners and Forbion. Net income (controlling interest) was $217 million, including a $100 million gain on the Veritable transaction. AMG repurchased $172 million in common stock, bringing total year-to-date share repurchases to $441 million.
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AMG to Announce Third Quarter Results on November 6, 2023

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AMG (NYSE: AMG) will report financial and operating results for the third quarter ended September 30, 2023 on Monday, November 6, 2023. A conference call will be held at 8:30 a.m. Eastern time on the same day. Jay C. Horgen, President and Chief Executive Officer, and Thomas M. Wojcik, Chief Financial Officer, will host the session.
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Pantheon expands global footprint into key private wealth hubs

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Pantheon, a leading global private markets investor, has opened offices in Singapore and Geneva to expand its presence in the private wealth channel. The firm's private wealth platform manages $5.8bn in assets under management and offers a range of evergreen fund solutions. The Singapore office will serve as a hub for activities in Southeast Asia and the wider Asia-Pacific region, while the Geneva office will extend Pantheon's presence in Continental Europe.
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AMG Announces Partnership with Ara Partners

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AMG has acquired the minority equity interest in Ara Partners previously held by Capital Constellation. This partnership enhances AMG's exposure to private markets and sustainable investing. Ara Partners will leverage AMG's strategic capabilities to enhance business development and growth initiatives.
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Pantheon Expands US Private Wealth Offering With Innovative Private Credit Secondaries Fund

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Pantheon announces the launch of the AMG Pantheon Credit Solutions Fund (PSECC), the first private credit secondaries-focused investment strategy for the US private wealth market. The fund aims to generate strong, risk-adjusted total returns and an attractive income stream by building a diversified portfolio of high-quality private credit investments. Pantheon's expertise in private credit secondaries will be leveraged to acquire performing private credit at discounted pricing.
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AMG Appoints Loren M. Starr to its Board of Directors

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AMG appoints Loren M. Starr to its Board of Directors
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FAQ

What is the current stock price of Affiliated Managers Group (AMG)?

The current stock price of Affiliated Managers Group (AMG) is $185.36 as of November 20, 2024.

What is the market cap of Affiliated Managers Group (AMG)?

The market cap of Affiliated Managers Group (AMG) is approximately 5.5B.

What does Affiliated Managers Group (AMG) do?

AMG is a global asset management company that invests in boutique investment management firms, providing them with operational autonomy and leveraging its global scale in distribution, operations, and technology.

What are AMG's recent financial highlights?

In 2023, AMG reported Economic Earnings per share of $19.48 and continues to execute a disciplined capital allocation strategy, including investments in private markets and issuing $450 million in 40-year junior hybrid debt.

What is the significance of AMG's partnership with affiliates?

AMG partners with high-quality investment firms, offering operational autonomy and strategic support to enhance growth and capabilities. This includes providing growth capital, distribution support, and leveraging global scale.

Can you provide examples of AMG's affiliates?

Notable affiliates include AQR Capital Management, Pantheon, Ara Partners, and Suma Capital, which specialize in alternative assets, industrial decarbonization, and sustainable infrastructure investments, respectively.

How does AMG support the growth of its affiliates?

AMG offers strategic, operational, and technology support, along with growth capital and global distribution capabilities, to enhance the long-term growth and success of its affiliates.

What are AMG's assets under management (AUM)?

As of March 31, 2024, AMG's affiliates manage approximately $699 billion across diverse investment strategies, including private markets, liquid alternatives, and differentiated long-only investments.

What recent investments has AMG made?

AMG recently acquired a minority equity interest in Suma Capital, a firm focused on sustainable infrastructures and growth capital in Europe, and invested in Ara Partners, specializing in industrial decarbonization.

How does AMG's partnership model benefit their affiliates?

AMG's partnership model offers affiliates significant equity ownership while maintaining operational and investment autonomy, enabling them to leverage AMG's resources for long-term growth.

Who are the key executives at AMG?

Key executives include Jay C. Horgen, President and CEO, Thomas M. Wojcik, Chief Operating Officer, and Dava E. Ritchea, Chief Financial Officer.

What are AMG's strategic goals?

AMG aims to generate long-term value by investing in high-quality partner-owned firms, focusing on areas of highest growth and return, and supporting affiliates' growth through strategic partnerships.

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Affiliated Managers Group

NYSE:AMG

AMG Rankings

#1227 Ranked by Market Cap
#2136 Ranked by Dividends

AMG Stock Data

5.55B
29.45M
2.91%
96.05%
1.51%
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