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 Executiv ...

Affiliated Managers Group (AMG) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, th ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Affiliated Managers Group (AMG) , which belongs to the Zacks Financial - Investment Management industry, could be a great candidate to consider.When looking at the last two reports, this asset manager has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 8.70%, on average, in the last two quarters.For the mo ...

Affiliated Managers Group, Inc. (AMG) has acquired a minority equity interest in Suma Capital. The terms of the transaction have not been disclosed yet.With this partnership, AMG will be in a position to further expand its business toward secular growth areas. The transaction marks AMG’s ninth private markets affiliate.Suma Capital is a pan-European private markets firm that invests in the transition to a lower-carbon economy, a sector with increasing client allocations and deployment opportunities across E ...

WEST PALM BEACH, Fla., May 16, 2024 (GLOBE NEWSWIRE) -- AMG, a leading partner to independent investment management firms globally, today announced that it acquired a minority equity interest in Suma Capital ("Suma"). Suma is a pan-European private markets firm that invests in the transition to a lower carbon economy, a sector with increasing client allocations and deployment opportunities across Europe. Led by co-founders Enrique Tombas, David Arroyo, and Pablo Muller, Suma has approximately $800 million i ...

WEST PALM BEACH, Fla., May 16, 2024 (GLOBE NEWSWIRE) -- AMG, a leading partner to independent investment management firms globally, today announced that it acquired a minority equity interest in Suma Capital (“Suma”). Suma is a pan-European private markets firm that invests in the transition to a lower carbon economy, a sector with increasing client allocations and deployment opportunities across Europe. Led by co-founders Enrique Tombas, David Arroyo, and Pablo Muller, Suma has approximately $800 million i ...

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 March 31, 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 Group, Inc. (NYSE:AMG) Q1 2024 Earnings Call Transcript May 6, 2024 8:30 AM ET Company Participants Patricia Figueroa - Head of IR Jay Horgen - President and CEO Thomas Wojcik - COO Conference Call Participants Craig Siegenthaler - Bank of America Bill Katz - TD Cowen Dan Fannon - Jefferies Brian Bedell - Deutsche Bank Patrick Davitt - Autonomous Research Alex Blostein - Goldman Sachs Operator Greetings and welcome to the AMG First Quarter 2024 Earnings Call. At this time, all participan ...

Affiliated Managers Group Inc.’s (AMG) first-quarter 2024 economic earnings of $5.37 per share handily outpaced the Zacks Consensus Estimate of $5.21. The bottom line also jumped 28.5% from the prior-year number.Results were aided by improvement in assets under management (AUM) balance. Further, the company had a robust liquidity position. However, a decline in revenues and slightly higher expenses were the undermining factors.Economic net income was $186.7 million, up 18.1% year over year. Our estimate for ...

Affiliated Managers Group (AMG) came out with quarterly earnings of $5.37 per share, beating the Zacks Consensus Estimate of $5.21 per share. This compares to earnings of $4.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.07%. A quarter ago, it was expected that this asset manager would post earnings of $6 per share when it actually produced earnings of $6.86, delivering a surprise of 14.33%.Over the last four quarters, t ...