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 ...

Q1 2024 Investor Overview AMG: Partner to Industry-Leading Independent Investment Firms 30 35+ ~$700B -year partnership history independent Affiliates offering Assets Under with leading investment specialists diverse suite of investment products Management Industry-Leading Independent Managers High-Quality, Diverse Product Set Attractive partnership model self-selects entrepreneurial, Excellent breadth and quality of products managed by growing firms and enables access to specialist independent firms with s ...

Exhibit 99.1 Investor & Media Relations: Patricia Figueroa +1 (617) 747-3300 ir@amg.com pr@amg.com 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 million Economic Earnings per share increased 28% year-over-year, reflecting strong business momentum and the positive impact of our capital allocation strategy Issued ...

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 pa ...

It’s not an easy job to find value stocks. Being aware of a company's key financial numbers, like earnings per share and sales growth, can help investors identify stocks that are trading for less than what they are worth. However, a proper analysis of the fundamentals with the help of a number of metrics is required to determine whether a stock is a good bargain or not. For narrowing down the list of undervalued stocks, price to earnings (P/E) and price to sales (P/S) are the first ratios that come to an in ...

As earnings flood the market this week, investors are poised to dissect not only the financial results but also the implications of the Federal Reserve meeting. While prevailing sentiment suggests a status quo in interest rates, the focus is more on the Fed's assessment of economic conditions and its strategic outlook. This pivotal juncture underscores the importance of a diversified investment approach.Indeed, we always try to hit the jackpot while picking stocks. But striking the right chord each time is ...

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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 March 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 earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they mi ...