NYSE:AMG

Track all markets on TradingView - Prices are not updated in real time
AMG Rises 4% as Economic EPS Jumps 56% and Assets Reach Record $974 Billion

AMG (NYSE: AMG) shares rose about 4% after the asset manager reported sharply higher third-quarter earnings, record assets under management and strong client inflows led by alternative strategies.

Third-quarter Economic EPS increased 56% year over year to $9.50, while adjusted EBITDA attributable to the controlling interest rose 41% to $354 million. Net income attributable to the controlling interest was $173 million, or $6.64 per diluted share.

Assets under management reached a record $974 billion. AMG recorded approximately $21 billion of net client cash flows during the quarter, including more than $31 billion of record alternative-strategy inflows.

Management said the quarter marked the sixth consecutive period of alternative-led inflows, highlighting growing exposure to structural growth areas and improving organic growth prospects.

Capital returns also remained strong. AMG repurchased $400 million of stock during the quarter, bringing year-to-date repurchases to $775 million.

The 4% share gain appears to reflect accelerating earnings growth, record AUM, strong alternative asset inflows and continued aggressive share repurchases, all of which strengthen visibility into future earnings and cash generation.
💬
Author
The Investor 11-09-26
AMG Q1 2025 Earnings: EPS Down on Charges, Economic EPS Strong; Alternatives Drive $14B Inflows

Affiliated Managers Group (AMG) reported Q1 2025 diluted GAAP earnings per share of $2.20, down from $4.14 a year ago, primarily due to a sharp increase in intangible amortization. Economic EPS, AMG’s preferred performance measure, came in at $5.20, down slightly from $5.37 in Q1 2024. Assets under management rose to $712.2 billion, supported by $14 billion in net inflows in alternatives.

AMG expanded its alternatives platform through new partnerships with Verition Fund Management, Qualitas Energy, and NorthBridge Partners. The firm repurchased $173 million in stock and declared a $0.01 dividend for Q1. Despite higher expenses and a decline in GAAP net income, management highlighted confidence in long-term shareholder value creation through strategic growth and capital discipline.
💬
Author
Global Finance News 05-09-25
Affiliated Managers Group, Inc. Extends $500 Million Equity Distribution Program
West Palm Beach, FL – March 7, 2025 – Affiliated Managers Group, Inc. (NYSE: AMG) announced today the extension of its $500 million Equity Distribution Program following the required filing of a new shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC) on February 28, 2025.

Key Highlights of the Equity Distribution Program:
The new prospectus supplement replaces the prior supplement filed on May 27, 2022.
Up to $500 million in shares of common stock may be offered and sold through:
Barclays Capital Inc.
BofA Securities, Inc.
Citigroup Global Markets Inc.
J.P. Morgan Securities LLC
RBC Capital Markets, LLC
Wells Fargo Securities, LLC (collectively, the "Agents").
No shares were issued or sold under the prior prospectus supplement, and the earlier Equity Distribution Program has been terminated.
The Company has no current plans to issue or sell shares under the new program, but may do so in the future.
Forward Sale Agreements:
The Company also entered into separate confirmation letter agreements (Forward Sale Agreements) with the Agents or their affiliates (Forward Purchasers).
Under these agreements, Forward Purchasers may borrow and sell shares equal to the number of shares underlying the Forward Sale Agreement, at the Company’s request.
The Equity Distribution Agreement and Forward Sale Agreements are attached as exhibits in the Company’s Form 8-K filing with the SEC.
💬
M
ME NEWS 03-10-25
Affiliated Managers Group, Inc. has extended its $500 million Equity Distribution Program following the filing of a new shelf registration statement on Form S-3 with the SEC on February 28, 2025. The updated program allows for the issuance and sale of shares through designated agents, including Barclays Capital, BofA Securities, Citigroup Global Markets, J.P. Morgan Securities, RBC Capital Markets, and Wells Fargo Securities. The prior program, which did not issue or sell any shares, has been terminated. While there are no immediate plans to sell shares under the new program, the company may do so in the future. Additionally, Affiliated Managers Group has entered into Forward Sale Agreements that allow for the borrowing and sale of shares by forward purchasers.
💬
Author
The Investor 03-09-25