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.
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.
FAQ
What is the current stock price of Affiliated Managers Group (AMG)?
What is the market cap of Affiliated Managers Group (AMG)?
What does Affiliated Managers Group (AMG) do?
What are AMG's recent financial highlights?
What is the significance of AMG's partnership with affiliates?
Can you provide examples of AMG's affiliates?
How does AMG support the growth of its affiliates?
What are AMG's assets under management (AUM)?
What recent investments has AMG made?
How does AMG's partnership model benefit their affiliates?
Who are the key executives at AMG?
What are AMG's strategic goals?
