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.
Affiliated Managers Group (AMG) reported a second-quarter EPS of $2.68 and an Economic EPS of $4.03 for 2022, maintaining earnings resilience during market volatility. Net income was $109 million, while Economic Net Income stood at $161 million. Adjusted EBITDA reached $213 million. The company saw net client cash flows of $(11.4 billion) due to client de-risking, offset by solid performance in alternatives and ESG strategies. AMG repurchased $80 million in common stock and $45 million in junior convertible debt securities, strengthening its capital position.
Affiliated Managers Group (NYSE: AMG) will announce its Q2 2022 financial results on August 1, 2022, followed by a conference call at 8:30 a.m. Eastern Time. CEO Jay C. Horgen and CFO Thomas M. Wojcik will discuss the company's performance and future expectations. Interested parties can join the call by dialing 1-877-407-8291 for U.S. calls or 1-201-689-8345 for international ones. A replay will be available, and the presentation will be accessible on the AMG website.
Affiliated Managers Group (AMG) reported strong financial results for Q1 2022, with reported EPS of $3.44 and Economic EPS reaching $4.65, a 9% year-over-year increase. AMG's net income totaled $146 million and adjusted EBITDA was $255 million. The company highlighted a strategic combination of its affiliate BPEA with EQT, expected to yield about $1 billion in cash and stock, enhancing financial flexibility. AMG also repurchased $185 million of stock and announced a cash dividend of $0.01 per share, indicating strong capital management.
Affiliated Managers Group (NYSE: AMG) will announce its Q1 2022 financial and operating results on May 2, 2022. A conference call is set for 8:30 a.m. Eastern Time to discuss these results and management’s future expectations. The call will be hosted by Jay C. Horgen, CEO, and Thomas M. Wojcik, CFO. Interested participants can join via a designated phone number, and a replay will be available afterwards. More details can be accessed on AMG's website.
Affiliated Managers Group (NYSE: AMG) announced raising over $1.7 million to support humanitarian efforts for Ukraine. The funds are sourced from employee contributions and matched by The AMG Charitable Foundation. This initiative demonstrates AMG's commitment to aid organizations such as Revived Soldiers Ukraine and Direct Relief, providing essential medical supplies, food, and water to those affected. As of December 31, 2021, AMG managed approximately $814 billion in assets, focusing on long-term value through partnerships with independent investment firms.
Affiliated Managers Group (NYSE: AMG) has announced the sale of its minority stake in Baring Private Equity Asia to EQT AB for a total consideration of $1.1 billion. This includes $240 million in cash and 28.68 million EQT shares. AMG acquired its 15% interest in BPEA for $187.5 million in 2016 and expects BPEA to contribute approximately $35 million in EBITDA in 2022. The transaction is expected to close in Q4 2022, subject to customary conditions. AMG plans to use 40% of the proceeds for taxes and debt repayment, with 60% allocated to growth investments and share repurchases.
Affiliated Managers Group reported strong financial results for 2021, achieving a full-year net income of $566 million and economic earnings per share of $18.28, up 37% year-over-year. The company experienced a positive trend in adjusted EBITDA, reaching $1,059 million, an increase of 33%. AMG's strategic investments included partnerships with four new Affiliates, emphasizing growth in private markets and ESG strategies. Despite some net client cash outflows, AMG's assets under management rose to $813.8 billion, indicative of a robust growth strategy.
Affiliated Managers Group (NYSE: AMG) is set to report its financial results for the fourth quarter and full year ending December 31, 2021 on February 7, 2022. The conference call will commence at 8:30 a.m. ET, featuring management discussions on previous results and future expectations. Jay C. Horgen and Thomas M. Wojcik will lead the call. Interested parties can join via telephone or access the session online, with a replay available shortly after the call's conclusion. For further details, please visit the AMG website.
Affiliated Managers Group (AMG) has completed the acquisition of the remaining minority equity interest in Systematica Investments, enhancing its partnership with the technology-driven investment firm. The transaction, part of a strategic plan initiated when Systematica spun out in 2015, positions Leda Braga to maintain a majority stake while AMG retains a substantial minority interest. Systematica managed approximately $13 billion in assets as of December 31, 2021, with a 50% growth in assets since AMG's initial investment. AMG anticipates an incremental $18 million in Adjusted EBITDA from this investment in 2022.
Affiliated Managers Group (NYSE: AMG) reported a third-quarter EPS of $3.00 and an Economic EPS of $4.00 for 2021, with net income at $128 million. The company saw a 26% growth in Adjusted EBITDA to $228 million, driven by strong Affiliate performance. Positive net client cash flows of $3.3 billion reflected solid demand in private and liquid strategies. AMG repurchased $100 million in shares, totaling $390 million this year. The firm expanded through a partnership with Abacus Capital Group, managing over $110 billion in assets.
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