Affiliated Managers (AMG)
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Affiliated Managers (AMG) - 2023 Q4 - Annual Report
2024-02-15 16:00
Table of Contents ___________________________________________________________________________ __________________________________________________________________________ Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock ($0.01 par value) AMG New York Stock Exchange 5.875% Junior Subordinated Notes due 2059 MGR New York Stock Exchange 4.750% Junior Subordinated Notes due 2060 MGRB New York Stock Exchange 4.200% Junior Subordinated Notes due 2061 MGRD New York Stock E ...
Here's Why Affiliated Managers Group (AMG) is a Strong Value Stock
Zacks Investment Research· 2024-02-12 15:41
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scor ...
Why Affiliated Managers Group (AMG) is a Top Momentum Stock for the Long-Term
Zacks Investment Research· 2024-02-07 15:51
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style S ...
Affiliated Managers (AMG) - 2023 Q4 - Earnings Call Transcript
2024-02-05 16:48
Affiliated Managers Group, Inc. (NYSE:AMG) Q4 2023 Earnings Conference Call February 6, 2024 8:30 AM ET Company Participants Patricia Figueroa - IR Jay Horgen - President and CEO Thomas Wojcik - CFO Conference Call Participants Bill Katz - TD Cowen Alex Blostein - Goldman Sachs Craig Siegenthaler - Bank of America Dan Fannon - Jefferies Brian Bedell - Deutsche Bank Patrick Davitt - Autonomous Research Operator Greetings and welcome to the AMG Fourth Quarter 2023 Earnings Call. [Operator Instructions] I woul ...
Affiliated Managers (AMG) Q4 Earnings Top, Revenues Down Y/Y
Zacks Investment Research· 2024-02-05 15:06
Affiliated Managers Group Inc.’s (AMG) fourth-quarter 2023 economic earnings of $6.86 per share handily outpaced the Zacks Consensus Estimate of $6.00. The bottom line, however, declined 7.3% from the prior-year number.Results were aided by lower expenses and improvement in assets under management (AUM) balance, partially offset by a decline in revenues. Further, the company had a robust liquidity position.Economic net income was $242.9 million, down 16.3% year over year. Our estimate for this metric was $1 ...
AMG Reports Financial and Operating Results for the Fourth Quarter and Full Year 2023
Newsfilter· 2024-02-05 12:00
Company reports EPS of $5.15, Economic EPS of $6.86 in the fourth quarter of 2023 EPS of $17.42, Economic EPS of $19.48 for the full year 2023 Net income (controlling interest) of $673 million, Economic Net Income (controlling interest) of $718 million(i)Completed investment in Ara Partners, a private markets firm specializing in industrial decarbonization, further enhancing AMG's exposure to secular growth areasRepurchased $574 million in common stock or approximately 10% of our shares outstanding ...
Affiliated Managers (AMG) to Post Q4 Earnings: What's in Store?
Zacks Investment Research· 2024-01-30 14:25
Affiliated Managers Group Inc. (AMG) is slated to report fourth-quarter and full-year 2023 results on Feb 5, before the opening bell. Its quarterly earnings and revenues are expected to have declined in the quarter on a year-over-year basis.In the last reported quarter, the company’s earnings outpaced the Zacks Consensus Estimate. Results benefited from lower expenses, partly offset by a decline in the assets under management (AUM) balance and revenues.The company boasts an impressive earnings surprise hist ...
Analysts Estimate Affiliated Managers Group (AMG) to Report a Decline in Earnings: What to Look Out for
Zacks Investment Research· 2024-01-29 16:06
Wall Street expects a year-over-year decline in earnings on lower revenues when Affiliated Managers Group (AMG) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, th ...
Reuben Jeffery III Appointed as Chair of AMG Board of Directors; Dwight D. Churchill to Continue to Serve on AMG's Board
Newsfilter· 2024-01-29 13:00
WEST PALM BEACH, Fla., Jan. 29, 2024 (GLOBE NEWSWIRE) -- AMG, a leading partner to independent investment firms globally, today announced the appointment of independent Board member Reuben Jeffery III as Chair, effective January 26, 2024. Most recent Board Chair Dwight D. Churchill will continue to serve on AMG's Board of Directors, including as Chair of its Nominating and Governance Committee. Mr. Jeffery has served as a Director of the Company since April 2020. He served as President and Chief Executive O ...
Why Affiliated Managers (AMG) Stock Might be a Great Pick
Zacks Investment Research· 2024-01-19 14:31
One stock that might be an intriguing choice for investors right now is Affiliated Managers Group, Inc. (AMG) . This is because this security in the Financial - Investment Management space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguabl ...