AMG Reports Financial and Operating Results for the Third Quarter and Nine Months Ended September 30, 2024 Company reports EPS of $3.78, Economic EPS of $4.82 in the third quarter of 2024 Net income (controlling interest) of $124 million, Economic Net Income (controlling interest) of $153 millionEconomic Earnings per share of $4.82 for the quarter, increased 18% year-over-yearRepurchased $103 million in common stock, bringing year-to-date share repurchases to $580 million WEST PALM BEACH, Fla., Nov. 04, 2024 (GLOBE NEWSWIRE) -- AMG, a strategic partner to leading independent investment ...
AMG to Announce Third Quarter Results on November 4, 2024 Conference Call Scheduled for 8:30 a.m. Eastern Time WEST PALM BEACH, Fla., Oct. 28, 2024 (GLOBE NEWSWIRE) -- AMG (NYSE: AMG) will report financial and operating results for the third quarter ended September 30, 2024 on Monday, November 4, 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 Officer, Thomas M...
Moody's Ratings ("Moody's") assigned an A3 rating to Affiliated Managers Group, Inc.'s (AMG) new offering of up to $400 million senior unsecured notes due 2034, which the company is marketing today. The offering represents a drawdown from the company's existing multi-seniority shelf registration fil...
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 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 ...
AMG to Announce Second Quarter Results on July 29, 2024 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 Officer, Thomas M. Wojci...
AMG Announces Partnership with Suma Capital 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 in assets under management primaril...
AMG Reports Financial and Operating Results for the First Quarter of 2024 Company reports EPS of $4.14, Economic EPS of $5.37 in first quarter Net Income (controlling interest) of $150 million, Economic Net Income (controlling interest) of $187 millionEconomic Earnings per share increased 28% year-over-year, reflecting strong business momentum and the positive impact of our capital allocation strategyIssued $450 million of 40-year junior hybrid debt and repurchased approximately $150 million in common stock WEST PALM BEACH, Fla., May 06, 2024 (GLOBE NEWSWIRE) -- AMG, a leading partner t...
AMG to Announce First-Quarter Results on May 6, 2024 Conference Call Scheduled for 8:30 a.m. Eastern Time WEST PALM BEACH, Fla., April 29, 2024 (GLOBE NEWSWIRE) -- AMG (NYSE: AMG) will report financial and operating results for the first quarter ended March 31, 2024 on Monday, May 6, 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 Officer, Thomas M. Wojcik, Chief ...
AMG Names Thomas M. Wojcik as Chief Operating Officer and Dava E. Ritchea as Chief Financial Officer WEST PALM BEACH, Fla., March 25, 2024 (GLOBE NEWSWIRE) -- AMG, a leading partner to independent investment management firms globally, today announced the appointments of Thomas M. Wojcik as Chief Operating Officer and Dava E. Ritchea as Chief Financial Officer, effective April 1, 2024. Mr. Wojcik will oversee the Company’s capital formation capabilities, and Ms. Ritchea will oversee AMG’s finance, accounting, and capital management functions. Both will report to Jay C. Horgen, President an...
Moody's Ratings (Moody's) assigned a Baa1 rating to new junior subordinated notes due 2064 of Affiliated Managers Group, Inc. (AMG). The offering represents a drawdown from the company's existing multi-seniority shelf registration filed with the Securities Exchange Commission on 1 March 2022. The ou...
Moody's Investors Service (Moody's) has affirmed Affiliated Managers Group, Inc.'s (AMG) senior unsecured rating at A3. Moody's has also affirmed the senior unsecured shelf rating at (P)A3, junior subordinate rating at Baa1, and junior subordinate shelf rating at (P)Baa1. The outlook remains stable....
AMG Reports Financial and Operating Results for the Fourth Quarter and Full Year 2023 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 , 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 in 2023, ...
AMG to Announce Fourth-Quarter and Full-Year Results on February 5, 2024 Conference Call Scheduled for 8:30 a.m. Eastern Time WEST PALM BEACH, Fla., Jan. 29, 2024 (GLOBE NEWSWIRE) -- AMG (NYSE: AMG) will report financial and operating results for the fourth quarter and full year ended December 31, 2023 on Monday, February 5, 2024. A conference call will be held at 8:30 a.m. Eastern time on the same day. In addition to quarterly and full-year results, the conference call may include discussion of management’s expectations of future financial and operating resu...
Reuben Jeffery III Appointed as Chair of AMG Board of Directors; Dwight D. Churchill to Continue to Serve on AMG’s Board 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 se...
AMG to Present at the Goldman Sachs Financial Services Conference WEST PALM BEACH, Fla., Nov. 29, 2023 (GLOBE NEWSWIRE) -- AMG, a leading partner to independent investment management firms globally, announced today that Thomas M. Wojcik, Chief Financial Officer, is scheduled to speak at the Goldman Sachs Financial Services Conference on Tuesday, December 5, 2023, at 10:40 a.m. ET. A live audio webcast will be accessible through AMG’s website at . A replay of the webcast will also be available through AMG’s website shortly after the event. About AMGAMG (NYSE: AMG) is a leading partner to...
AMG Reports Financial and Operating Results for the Third Quarter and Nine Months Ended September 30, 2023 Company reports EPS of $5.48, Economic EPS of $4.08 in the third quarter of 2023 Completed investment in , a private markets firm specializing in industrial decarbonization(i)Completed investment in , a leading European private markets firm focused on life sciences(i)Net Income (controlling interest) of $217 million includes approximately $100 million gain on Veritable transaction; Economic Net Income (controlling interest) of $150 million(ii)Repurchased $172 million in common stock, ...
AMG to Announce Third Quarter Results on November 6, 2023 Conference Call Scheduled for 8:30 a.m. Eastern Time WEST PALM BEACH, Fla., Oct. 30, 2023 (GLOBE NEWSWIRE) -- AMG (NYSE: AMG) will report financial and operating results for the third quarter ended September 30, 2023 on Monday, November 6, 2023. 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 Officer, and Thomas M...
AMG Announces Partnership with Ara Partners AMG invests in Ara Partners, a specialized private markets manager focused on industrial decarbonization Partnership enhances AMG’s exposure to secular growth areas: private markets and sustainable investing AMG partnership facilitates increase in Ara Partners’ management equity ownership in the firm Ara Partners to leverage AMG’s strategic capabilities to enhance business development and growth initiatives WEST PALM BEACH, Fla., Oct. 23, 2023 (GLOBE NEWSWIRE) -- AMG, a leading partner to independent investment management firms globally, t...
AMG Appoints Loren M. Starr to its Board of Directors WEST PALM BEACH, Fla., Sept. 25, 2023 (GLOBE NEWSWIRE) -- AMG, a leading partner to independent investment management firms globally, today announced the appointment of Loren M. Starr to its Board of Directors, effective immediately. Mr. Starr retired from Invesco Ltd. in March 2021, having served as Chief Financial Officer of the company for 15 years, from 2005 to 2020, after which he held an executive advisory role as Invesco’s Vice Chair until his retirement. Prior to joining Invesco in 2005, Mr. Starr served as the Chief Financial...
AMG Completes Investment in Forbion WEST PALM BEACH, Fla., Aug. 17, 2023 (GLOBE NEWSWIRE) -- Affiliated Managers Group, Inc. (NYSE: AMG), a leading partner to independent investment management firms globally, today announced the completion of its investment in Forbion Group Holding B.V. (“Forbion”). Forbion is a leading pan-European venture capital and growth equity firm focused on investing in high-quality life sciences companies across all stages of their development. With approximately €3 billion in assets under management, Forbion provides capital and expertise to life sciences comp...
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