Affiliated Managers Group Inc.’s (AMG) first-quarter 2025 economic earnings of $5.20 per share handily surpassed the Zacks Consensus Estimate of $5.10. The bottom line, however, declined 3.2% from the prior-year number.Shares of AMG have jumped more than 5% in pre-market trading in response to the better-than-expected results and bullish broader market sentiments.Results benefited from an improvement in the assets under management (AUM) balance. Further, the company had a robust liquidity position. However, ...

Great Elm Group (GEG) Q3 2025 Earnings Call May 08, 2025 08:30 AM ET Company Participants Adam Yates - Managing DirectorJason Reese - CEO & Executive ChairmanKeri Davis - CFO & Treasurer Operator Ladies and gentlemen, greetings, and welcome to the Great Elm Group Fiscal twenty twenty five Third Quarter Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference call is being recorded. It is ...

Financial Performance - For the first quarter of 2025, the company reported revenue of $57.3 million, a slight increase from $56.9 million in the same quarter of 2024 [2][39] - Operating income rose to $18.6 million, compared to $15.3 million in the first quarter of 2024, resulting in an operating margin of 32.4% [2][9] - Net income for the quarter was $18.3 million, leading to diluted earnings per share of $0.81, up from $0.64 in the prior year [2][39] Assets Under Management (AUM) - As of March 31, 2025, total AUM was $31.2 billion, a decrease of 1.6% from $31.7 billion at the end of 2024 [6][15] - The decline in AUM was attributed to net outflows of $0.7 billion and distributions of $0.1 billion, partially offset by net market appreciation of $0.3 billion [15][44] - The company entered a partnership with Keeley management, adding approximately $1.0 billion in AUM from four open-end funds and around 500 separately managed accounts [6][14] Revenue Breakdown - Investment advisory and incentive fees accounted for $53.8 million of total revenue, an increase from $52.5 million in the same quarter of 2024 [5][39] - Distribution fees and other income decreased to $3.5 million from $4.5 million year-over-year [5][39] - The increase in funds revenue was primarily due to higher average assets under management [5] Expenses - Total expenses for the first quarter were $38.7 million, down from $41.6 million in the same quarter of 2024 [2][8] - Compensation expenses decreased to $26.6 million, reflecting $2.8 million of waived compensation [8] - Other operating expenses remained relatively stable, with minor fluctuations compared to the previous year [8] Charitable Contributions - Since its IPO in February 1999, the company has donated approximately $80 million to charitable causes, with $48 million through a shareholder designated charitable contribution program [3] - A private foundation was established to continue the charitable giving program, with an initial contribution of $5 million [4] Return to Shareholders - In the first quarter of 2025, the company returned $14.1 million to shareholders through share repurchases and dividends [23] - A regular quarterly dividend of $0.08 per share was declared, payable on June 24, 2025 [24]

DES MOINES, Iowa, May 7, 2025 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) (F&G or the Company) a leading provider of insurance solutions serving retail annuity and life customers and institutional clients, today reported financial results for the first quarter ended March 31, 2025.Net loss attributable to common shareholders (net loss) for the first quarter of $25 million, or $0.20 per diluted share (per share), compared to net earnings of $111 million, or $0.88 per share, for the first quarter of ...

TORONTO, May 07, 2025 (GLOBE NEWSWIRE) -- Sprott Inc. (NYSE/TSX: SII) ("Sprott" or the "Company") today announced its financial results for the quarter ended March 31, 2025. Management commentary "Sprott's Assets Under Management ("AUM") ended the first quarter of 2025 at $35.1 billion, up 11% from $31.5 billion as at December 31, 2024," said Whitney George, Chief Executive Officer of Sprott. "Our AUM growth during the quarter was driven by surging gold prices and strong inflows to our physical gold and sil ...

Franklin Resources, Inc. (BEN) reported its preliminary assets under management (AUM) of $1.53 trillion as of April 30, 2025, which decreased marginally from the prior month.The decline in the AUM balance was due to the impact of preliminary long-term net outflows of $10 billion, inclusive of $10 billion of long-term net outflows at Western Asset Management, partially offset by the positive impact of foreign exchange.Breakdown of BEN’s AUM Based on Asset ClassFranklin recorded equity assets of $597.3 billio ...

Franklin Resources Inc. (BEN) reported second-quarter fiscal 2025 (ended March 31) adjusted earnings of 47 cents per share, which matched the Zacks Consensus Estimate. However, the bottom line compared unfavorably with 56 cents reported in the year-ago quarter.BEN’s results were affected by lower revenues and assets under management (AUM) balance. Yet, lower expenses supported the results to some extent. In light of this, Franklin’s shares rose 1.1% in Friday’s pre-market trading session.Net income (GAAP ba ...

T. Rowe Price Group, Inc.’s (TROW) first-quarter 2025 adjusted earnings per share of $2.23 beat the Zacks Consensus Estimate of $2.09. Nonetheless, the bottom line decreased 6.3% year over year.Shares of TROW have rallied 1.9% in the pre-market trading on better-than-expected results.TROW's results benefited from higher investment advisory fees and a rise in assets under management (AUM). On the other hand, higher expenses and negative capital allocation-based income were headwinds. Net income attributable ...

Financial Data and Key Metrics Changes - Fundraising in Q1 2025 totaled a record $3.2 billion, contributing to a target of $6 billion for the year [6][13] - Fee related earnings (FRE) were $42.6 million or $0.27 per share, representing a 2116% year-over-year growth [6][9] - Assets under management (AUM) grew to $46 billion, a 43% increase year-over-year and over 9% sequentially [11][26] - Distributable earnings were $37 million or $0.23 per share, up 12% year-over-year [9][33] Business Line Data and Key Metrics Changes - Fee earning AUM reached $35 billion, up 46% year-over-year and 6% sequentially [11][26] - Organic net inflows into fee earning AUM were over $700 million, reflecting an annualized growth rate of 8.6% [7][28] - Management fee revenue for Q1 was $77.3 million, up 28% year-over-year, driven by acquisitions [28] Market Data and Key Metrics Changes - Approximately 20% of fee earning AUM were in permanent capital vehicles, a key long-term objective [14][22] - Strong demand from Asian sovereign wealth funds resulted in $1 billion of commitments in customized investment accounts [14][20] - Local investors accounted for about 17% of fundraising in Q1 2025, indicating growing interest in alternative strategies [22] Company Strategy and Development Direction - The company aims to diversify and grow both organically and inorganically, enhancing resilience amid global uncertainty [23][24] - Focus on local consumption markets and resilient sectors such as healthcare and agribusiness [19][40] - The strategy includes increasing the proportion of assets that earn fees based on net asset value, which supports long-term compounding [7][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to weather economic uncertainty and potential global recession, highlighting Latin America's attractiveness for investment [17][18] - The company anticipates that geopolitical tensions may lead to increased foreign direct investment in Latin America [18][20] - Management remains cautious about extrapolating Q1 fundraising success across the entire year due to the unpredictable nature of large customized accounts [16][53] Other Important Information - The company expects FRE margins to fall within the range of 58% to 60% for the full year [32][72] - The effective tax rate for Q1 was 9.2%, with expectations to trend towards 10% by 2027 [33] - A quarterly dividend of $0.15 per share was approved for 2025 [34] Q&A Session Summary Question: How are portfolios positioned from higher tariffs in the U.S.? - Management indicated that most investments are Latin America-oriented, with minimal exposure to Mexico, and sectors are resilient and locally driven [40][42] Question: Could Chinese institutions divert allocations from U.S. to LatAm? - Management confirmed that conversations with Chinese investors have intensified, reflecting a shift away from U.S. exposure [45][48] Question: Is there potential upside to the $6 billion fundraising target? - Management maintained the $6 billion target but acknowledged the strong start with $3.2 billion raised in Q1 [52][53] Question: Update on integration of M&A completed last year? - Management reported that 2025 is focused on integration, with no major issues encountered and synergies expected to improve margins [67][72] Question: Overview of the $3.5 billion pending fee AUM? - Management indicated that most of the pending fee AUM will be allocated to infrastructure and GPMS, with deployment expected over the next four to six quarters [78][80]

Apollo Global Management, Inc. (APO) is scheduled to announce first-quarter 2025 results on May 2, before market open. APO’s quarterly earnings and revenues are expected to have increased from the year-ago reported levels.In the last reported quarter, Apollo’s earnings surpassed the Zacks Consensus Estimate. Results were primarily aided by a rise in assets under management balances, along with a decline in expenses. However, lower revenues acted as headwinds in the quarter.APO’s earnings beat the consensus ...