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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.

News
AMG Appoints Loren M. Starr to its Board of Directors
Rhea-AI Summary
AMG appoints Loren M. Starr to its Board of Directors
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.35%
Tags
management
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News
AMG Completes Investment in Forbion
Rhea-AI Summary
Affiliated Managers Group, Inc. (NYSE: AMG) has completed its investment in Forbion Group Holding B.V., a leading pan-European venture capital and growth equity firm focused on investing in high-quality life sciences companies. Forbion has approximately €3 billion in assets under management and provides capital and expertise to enable the development of new therapeutics. The terms of the transaction were not disclosed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.27%
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none
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News
AMG Reports Financial and Operating Results for the Second Quarter and First Half of 2023
Rhea-AI Summary
AMG (Affiliated Managers Group, Inc.) reported an EPS of $3.25 and an Economic EPS of $4.45 in Q2 2023. They also announced a partnership with Forbion, a leading European life sciences venture capital and growth equity firm. The Net Income was $125 million, with an Economic Net Income of $167 million. They completed a $225 million accelerated share repurchase program and repurchased an additional $44 million of common stock. Gross proceeds of approximately $294 million will be received upon the closing of the Veritable transaction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.38%
Tags
earnings
News
AMG to Announce Second Quarter Results on July 26, 2023
Rhea-AI Summary
Affiliated Managers Group, Inc. (NYSE: AMG) will report Q2 financial and operating results on July 26, 2023, followed by a conference call at 8:30 a.m. Eastern time. The call will discuss future expectations. President Jay C. Horgen and CFO Thomas M. Wojcik will host. Replay available. Access via AMG’s website. For more information, visit www.amg.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
Tags
earnings
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News
Pathstone to Acquire Veritable LP
Rhea-AI Summary
AMG - Pathstone Announces Acquisition of Veritable, Adding $17 Billion in Assets and Strengthening Position in UHNW Advisory Business
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.9%
Tags
acquisition
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News
Veritable to Combine with Pathstone
Rhea-AI Summary
Affiliated Managers Group (AMG) has announced that it will sell its outstanding equity interests in Veritable to Pathstone Family Office. The transaction will be an all-cash deal, with AMG receiving approximately $294 million. Veritable currently manages around $17 billion in client assets. The deal is expected to close in the second half of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.9%
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none
News
AMG Announces Partnership with Forbion
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.05%
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partnership
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News
ShopOne and its JV Partners Enter Massachusetts with Acquisition of Stop & Shop-Anchored Shopping Center Heritage Park Plaza in East Longmeadow
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.06%
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acquisition
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News
Pantheon hits $3bn for credit secondaries as latest program tops target
Rhea-AI Summary
Pantheon Credit Opportunities Fund II program (PCO II) has secured $590m in commitments from investors, exceeding the initial target size. Pantheon has raised $3bn for private credit secondaries since 2018, reinforcing its leadership role in this segment. Pantheon committed a record $1.7bn to secondary credit investments in 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
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none
News
AMG Reports Financial and Operating Results for the First Quarter of 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.52%
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Stock AMG logo
Affiliated Managers Group Inc.

NYSE:AMG

AMG Rankings

#1164 Ranked by Market Cap
#2065 Ranked by Stock Gains
#2098 Ranked by Dividends

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.