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Affiliated Managers (AMG) - 2024 Q2 - Quarterly Report
2024-08-02 20:29
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-13459 AFFILIATED MANAGERS GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 04-3218510 ...
Affiliated Managers (AMG) - 2024 Q2 - Earnings Call Transcript
2024-07-29 15:07
Affiliated Managers Group, Inc. (NYSE:AMG) Q2 2024 Earnings Conference Call July 29, 2024 8:30 AM ET Company Participants Patricia Figueroa - Head of IR Jay Horgen - President and CEO Thomas Wojcik - COO Dava Ritchea - CFO Conference Call Participants Alex Blostein - Goldman Sachs Dan Fannon - Jefferies Bill Katz - TD Cowen Patrick Davitt - Autonomous Research Brian Bedell - Deutsche Bank Operator Greetings, and welcome to the AMG Second Quarter 2024 Earnings Conference Call. [Operator Instructions] As a re ...
Affiliated Managers (AMG) Q2 Earnings Beat on Lower Expenses
ZACKS· 2024-07-29 13:25
Affiliated Managers Group Inc.’s (AMG) second-quarter 2024 economic earnings of $4.67 per share outpaced the Zacks Consensus Estimate of $4.60. The bottom line also grew 4.9% from the prior-year number.Results were aided by an improvement in the assets under management (AUM) balance and a decline in expenses. Further, the company had a robust liquidity position. However, lower revenues were the undermining factor.Economic net income was $155.9 million, up 6.8% year over year. Our estimate for this metric wa ...
Affiliated Managers (AMG) - 2024 Q2 - Earnings Call Presentation
2024-07-29 13:12
Q2 2024 Investor Overview AMG: Strategic Partner to Industry-Leading Independent Investment Firms 30-year partnership history with leading investment specialists 35+ independent Affiliates offering diverse suite of investment products ~$700B Assets Under Management Industry-Leading Independent Managers Attractive partnership model self-selects entrepreneurial, growing firms and enables access to specialist capabilities at scale High-Quality, Diverse Product Set Excellent breadth and quality of products mana ...
Affiliated Managers Group (AMG) Q2 Earnings Beat Estimates
ZACKS· 2024-07-29 13:10
Affiliated Managers Group (AMG) came out with quarterly earnings of $4.67 per share, beating the Zacks Consensus Estimate of $4.60 per share. This compares to earnings of $4.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.52%. A quarter ago, it was expected that this asset manager would post earnings of $5.21 per share when it actually produced earnings of $5.37, delivering a surprise of 3.07%.Over the last four quarters, ...
Affiliated Managers (AMG) - 2024 Q2 - Quarterly Results
2024-07-29 11:08
Exhibit 99.1 Investor & Media Relations: Patricia Figueroa +1 (617) 747-3300 ir@amg.com pr@amg.com AMG Reports Financial and Operating Results for the Second Quarter and First Half of 2024 Company reports EPS of $2.26, Economic EPS of $4.67 in the second quarter of 2024 Net income (controlling interest) of $226 million, Economic Net Income (controlling interest) of $343 million in the first half of the year Economic Earnings per share of $10.06 in the first half of the year, increased 17% year-over-year Pos ...
AMG Reports Financial and Operating Results for the Second Quarter and First Half of 2024
Newsfilter· 2024-07-29 11:00
Company reports EPS of $2.26, Economic EPS of $4.67 in the second quarter of 2024 Net income (controlling interest) of $226 million, Economic Net Income (controlling interest) of $343 million in the first half of the yearEconomic Earnings per share of $10.06 in the first half of the year, increased 17% year-over-yearPositive net client cash flows in the second quarter, driven by continued strength in private markets fundraisingRepurchased $327 million in common stock, bringing total share repurchases to $47 ...
AMG Reports Financial and Operating Results for the Second Quarter and First Half of 2024
GlobeNewswire News Room· 2024-07-29 11:00
Company reports EPS of $2.26, Economic EPS of $4.67 in the second quarter of 2024 Net income (controlling interest) of $226 million, Economic Net Income (controlling interest) of $343 million in the first half of the yearEconomic Earnings per share of $10.06 in the first half of the year, increased 17% year-over-yearPositive net client cash flows in the second quarter, driven by continued strength in private markets fundraisingRepurchased $327 million in common stock, bringing total share repurchases to $47 ...
What to Expect From Affiliated Managers (AMG) in Q2 Earnings
ZACKS· 2024-07-24 12:55
Affiliated Managers Group Inc. (AMG) is slated to report second-quarter 2024 results on Jul 29, before the opening bell. Its quarterly earnings and revenues are expected to have increased on a year-over-year basis.In the last quarter, AMG’s earnings surpassed the Zacks Consensus Estimate. Results benefited from a rise in assets under management (AUM) balance. This was partly offset by a fall in revenues and modestly higher expenses.The company boasts an impressive earnings surprise history. Its earnings sur ...
AMG to Announce Second Quarter Results on July 29, 2024
Newsfilter· 2024-07-22 12:00
Conference Call Scheduled for 8:30 a.m. Eastern Time WEST PALM BEACH, Fla., July 22, 2024 (GLOBE NEWSWIRE) -- AMG (NYSE:AMG) will report financial and operating results for the second quarter ended June 30, 2024 on Monday, July 29, 2024. A conference call will be held at 8:30 a.m. Eastern time on the same day.        In addition to quarterly results, the conference call may include discussion of management's expectations of future financial and operating results. Jay C. Horgen, President and Chief Executive ...