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Affiliated Managers Group Inc. - AMG STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Affiliated Managers Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Affiliated Managers Group's position in the market.

Rhea-AI Summary
Third Avenue Real Estate Value UCITS Class A1 Shares has been recognized as the Best Global Real Estate Fund by LSEG Lipper for its exceptional risk-adjusted performance over three years. This marks the sixth consecutive year that the Third Avenue Real Estate team has been honored for outperforming its peers.
Rhea-AI Impact
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End-of-Day
0.37%
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Rhea-AI Summary
AMG appoints Thomas M. Wojcik as COO and Dava E. Ritchea as CFO, effective April 1, 2024. Ritchea brings extensive experience in finance and investment management from firms like Sculptor Capital Management and Assured Investment Management. The appointments aim to enhance AMG's capital formation and financial management capabilities.
Rhea-AI Impact
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End-of-Day
-0.15%
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
4.84%
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Rhea-AI Summary
AMG to Report Q4 and Full Year 2023 Financial Results on February 5, 2024
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-0.36%
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Rhea-AI Summary
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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0.05%
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Rhea-AI Summary
AMG (Ticker: AMG) CFO Thomas M. Wojcik to speak at Goldman Sachs Financial Services Conference on December 5, 2023
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1.44%
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conferences
Rhea-AI Summary
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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End-of-Day
1.98%
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Rhea-AI Summary
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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0.27%
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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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Rhea-AI Sentiment
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0.35%
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
-0.82%
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partnership
Affiliated Managers Group Inc.

NYSE:AMG

AMG Rankings

AMG Stock Data

5.19B
32.07M
1.98%
99.17%
1.31%
Securities and Commodity Exchanges
Finance and Insurance
Link
US
West Palm Beach

About AMG

affiliated managers group, inc. (nyse: amg) is a global asset management company with equity investments in leading boutique investment management firms (our “affiliates”). for two decades, we have partnered with the highest quality investment management firms using direct equity ownership in a framework that closely aligns our interests with those of our affiliate partners. while providing our affiliates with continued operational autonomy, we also help them to leverage the benefits of amg’s global scale in product distribution, operations and technology to enhance their growth and capabilities. as of june 30, 2015, the aggregate assets under management of amg’s affiliates were approximately $650 billion, pro forma for a pending investment, in more than 500 investment products across a broad range of investment styles, asset classes and distribution channels.