Affiliated Managers (US:AMG) ZACKSยท2025-07-31 13:55Core Insights - Affiliated Managers Group Inc. (AMG) reported second-quarter 2025 economic earnings of $5.39 per share, exceeding the Zacks Consensus Estimate of $5.26 and reflecting a 15.4% increase from the prior-year quarter [1][8] - The company's total assets under management (AUM) rose by 10% to $771 billion, with net client cash inflows of $8.1 billion contributing to this growth [4][8] - Despite the positive AUM growth, total revenues declined by 1.4% year over year to $493.2 million, missing the Zacks Consensus Estimate of $510.2 million, while total consolidated expenses increased by 14.8% to $412.7 million [3][8] Financial Performance - Economic net income for the quarter was $159.2 million, up 2.1% year over year, surpassing the estimate of $151.5 million [2] - Adjusted EBITDA increased by 1% to $219.7 million, slightly above the projected $214.8 million [3] - The company's cash and cash equivalents decreased to $361 million from $950 million as of December 31, 2024, while total debt remained stable at $2.62 billion [5] Shareholder Actions - During the second quarter, AMG repurchased shares worth $100 million, indicating a commitment to returning value to shareholders [6] Market Position - AMG is positioned for growth due to successful partnerships, global distribution capabilities, and a diverse product mix, although concerns remain regarding substantial intangible assets and a challenging operating environment [7]