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. (AMG) operates as a global asset management company that partners with boutique investment firms through equity investments. The company's news typically centers on three main categories: quarterly earnings reports that detail financial performance across its affiliate network, partnership announcements with new boutique investment firms joining the AMG structure, and strategic developments affecting its existing affiliate relationships.
AMG's news flow reflects the dual nature of its business model. Corporate-level news includes financial results, board appointments, and strategic initiatives affecting the parent company. Affiliate-level news covers partnerships with new investment firms, which represent growth opportunities as AMG expands its portfolio of boutique asset managers across different investment strategies and asset classes. These partnership announcements often signal AMG's strategic direction in building exposure to specific investment approaches or geographic markets.
For investors tracking the asset management industry, AMG's news provides insight into trends affecting boutique investment firms. Partnership announcements reveal which types of investment strategies and firm characteristics AMG values, while earnings reports detail how the multi-affiliate model performs across different market conditions. The company's quarterly results typically include commentary on asset flows, investment performance across affiliates, and the contribution of different investment strategies to overall financial performance.
AMG, a strategic partner to leading independent investment management firms globally, has announced its participation in the upcoming Goldman Sachs Financial Services Conference. Jay C. Horgen, Chief Executive Officer, and Dava E. Ritchea, Chief Financial Officer, will be speaking at the event on Tuesday, December 10, 2024, at 12:20 p.m. ET.
The presentation will be accessible through a live audio webcast on AMG's website at https://ir.amg.com/. For those unable to attend, a replay of the webcast will be made available on the company's website following the event.
AMG reported strong Q3 2024 financial results with Economic Earnings per share of $4.82, showing an 18% year-over-year increase. The company achieved Net income of $124 million and Economic Net Income of $153 million. Alternative strategies significantly contributed to earnings, with dedicated private markets Affiliates raising approximately $7 billion in the quarter. The company repurchased $103 million in common stock during Q3, bringing year-to-date repurchases to $580 million. AMG also issued $400 million in senior notes, extending average debt duration to over 20 years.
AMG (NYSE: AMG) has announced it will release its third quarter 2024 financial and operating results on Monday, November 4, 2024. The company will host a conference call at 8:30 a.m. Eastern time, led by CEO Jay C. Horgen, COO Thomas M. Wojcik, and CFO Dava E. Ritchea. The call will discuss quarterly results and potential future financial and operating expectations. Interested parties can join via phone or access the live call and replay through AMG's website at https://ir.amg.com/.
AMG reported strong financial results for Q2 and H1 2024. Key highlights include:
- Q2 EPS of $2.26 and Economic EPS of $4.67
- H1 Net income of $226 million and Economic Net Income of $343 million
- H1 Economic EPS of $10.06, up 17% year-over-year
- Positive net client cash flows in Q2, driven by private markets fundraising
- $327 million in share repurchases in Q2, totaling $477 million in H1
AMG's focus on areas of secular demand and alternative strategies has enhanced its growth prospects. The company's disciplined capital allocation strategy, including investments in new and existing Affiliates, has positioned it well for future growth.
AMG (NYSE: AMG) has announced that it will release its second quarter financial and operating results for the period ended June 30, 2024, on Monday, July 29, 2024. The company will host a conference call at 8:30 a.m. Eastern time on the same day to discuss the results and potentially management's expectations for future performance.
The call will be hosted by Jay C. Horgen (President and CEO), Thomas M. Wojcik (COO), and Dava E. Ritchea (CFO). Interested parties can dial 1-877-407-8291 (U.S.) or 1-201-689-8345 (non-U.S.) to listen. A replay will be available shortly after the call, accessible by dialing 1-877-660-6853 (U.S.) or 1-201-612-7415 (non-U.S.) with conference ID 13747210.
The live call, replay, and a presentation highlighting AMG's performance can also be accessed via the company's investor relations website at https://ir.amg.com/.
The Third Avenue International Real Estate Value Fund (NASDAQ: REIFX) has celebrated its 10-year anniversary, marking a decade of notable achievements. The Fund has outperformed its benchmark by over 425 basis points annually. It received a 5-Star overall rating from Morningstar and a Silver Medalist designation in the Global Real Estate category as of April 30, 2024. Established by Portfolio Manager Quentin Velleley, CFA, in 2014, the Fund employs a value-oriented investing approach, focusing on long-term opportunities in international listed real estate. This strategy has positioned the Fund to benefit from pricing inefficiencies and uncorrelated returns, underpinned by its concentrated and rigorous investment methodology.
AMG announced the acquisition of a minority equity interest in Suma Capital, a pan-European private markets firm specializing in the transition to a lower carbon economy. Suma, led by co-founders Enrique Tombas, David Arroyo, and Pablo Muller, manages approximately $800 million in assets focused on infrastructure and growth strategies. This partnership, AMG’s ninth private markets Affiliate, aligns with AMG's strategy to expand into secular growth areas. The specific terms of the transaction were not disclosed, and Suma's partners will retain a significant majority of the equity and continue to manage daily operations.
AMG reported strong financial results for the first quarter of 2024, with an EPS of $4.14 and Economic EPS of $5.37. The company's net income stood at $150 million, with Economic Net Income reaching $187 million. Economic Earnings per share saw a significant 28% year-over-year increase. AMG also issued $450 million of 40-year junior hybrid debt and repurchased around $150 million in common stock.
AMG (NYSE: AMG) will announce its first-quarter results on May 6, 2024. The company will report financial and operating results for the first quarter ended March 31, 2024, along with a conference call at 8:30 a.m. Eastern Time on the same day. The call will include discussions on future expectations led by top executives. Interested parties can access the call via phone or online, with a replay available shortly after. More information can be found on AMG's website.
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