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 reports financial and operating developments tied to its role as a strategic partner to independent investment management firms globally. Company updates commonly cover assets under management, net client cash flows, affiliate investment activity, and performance across private markets, liquid alternatives, and differentiated long-only strategies.
AMG news also includes capital allocation actions such as common stock repurchases, dividends, debt financing, and securities redemptions. Recurring corporate items include new or expanded partnerships with affiliate managers, board composition changes, investor conference participation, and quarterly earnings releases.
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.
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.