Affiliated Managers Group Inc Stock Price, News & Analysis

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.

Affiliated Managers Group (AMG) will release its financial and operating results for Q3 2021 on November 1, 2021. The results will be discussed in a conference call at 8:30 a.m. Eastern Time on the same day. Led by President and CEO Jay C. Horgen and CFO Thomas M. Wojcik, the call may cover management's future expectations. Interested parties can dial 1-877-407-8291 for U.S. calls, or 1-201-689-8345 for international attendees. A replay will be available shortly after the call ends.

Affiliated Managers Group (AMG) has completed its partnership with Parnassus Investments, a leader in active responsible investing with $49 billion under management. Parnassus, founded in 1984, integrates rigorous ESG research into its investment strategy. The firm is recognized for its top-rated mutual funds, with over 95% of its assets under management achieving a 4 or 5-star rating from Morningstar. The transaction terms remain undisclosed, but key executives have committed to long-term employment at Parnassus.

Affiliated Managers Group (AMG) has entered into a definitive agreement to acquire a majority equity interest in Abacus Capital Group, focusing on the growing U.S. multifamily real estate sector valued at $3.5 trillion. This partnership marks AMG's fourth new Affiliate in 2021, highlighting its appeal in succession planning among alternative firms. Abacus has approximately $2 billion in assets under management, boasting a strong track record in multifamily investments. The transaction, set to close in Q4 2021, aims to enhance both firms' growth potential while preserving operational independence.

Affiliated Managers Group (NYSE: AMG) reported significant growth in its second quarter 2021 results. EPS reached $2.55, while Economic EPS was $4.03. The company recorded a net income of $109 million and an Adjusted EBITDA of $227 million, marking a 40% increase year-over-year. AMG's Assets Under Management (AUM) rose to $755.7 billion. A notable partnership with Parnassus Investments enhances AMG's ESG strategy, now managing over $80 billion in dedicated ESG assets. Additionally, AMG repurchased $80 million of common stock and announced a cash dividend.

Affiliated Managers Group (AMG) will report its financial and operating results for the second quarter on July 28, 2021, followed by a conference call at 8:30 a.m. Eastern Time. The call will feature insights from Jay C. Horgen, President and CEO, and Thomas M. Wojcik, CFO.

Interested parties can join via U.S. and non-U.S. dial-ins. A replay will be available post-call, and the presentation can also be accessed on the company's website.

Affiliated Managers Group, Inc. (NYSE: AMG) has appointed David C. Ryan to its Board of Directors, effective immediately. Ryan, a corporate advisor to Temasek Holdings, brings over 22 years of experience from Goldman Sachs, including leadership roles in Asia. His appointment aims to enhance AMG's strategy in expanding its footprint in Asia and strengthening client relationships. The Board's Chair highlighted Ryan’s extensive corporate governance experience as integral to their ongoing refreshment process and skill enhancement within the Board.