Affiliated Managers Group Inc

AMG

Equity

ISIN US0082521081 / Valor 791448

New York Stock Exchange, Inc (2024-12-24)

USD 187.49+1.54%

Affiliated Managers Group Inc
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About company

Affiliated Managers Group Inc is a global asset management company that provides a platform for independent investment management firms to grow their businesses. The company's institutional distribution platform operates in key markets worldwide, facilitating the business development efforts of its affiliated investment managers. AMG's business model allows these independent firms to focus on managing investments while benefiting from the resources and support of a larger organization.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

In the third quarter of 2024, Affiliated Managers Group Inc. reported a notable increase in aggregate fees, reaching $5,066.6 million, which represents a 3% compound annual growth rate from 2020 to 2023. This growth highlights the company's ability to enhance its revenue streams over the years.

Net Income Surge

Affiliated Managers Group Inc. experienced a significant rise in net income for the third quarter of 2024, with controlling interest net income reaching $672.9 million. This marks a substantial improvement from previous years, showcasing the company's strong financial performance.

Earnings Per Share

The earnings per share (diluted) for Affiliated Managers Group Inc. in the third quarter of 2024 stood at $17.42. This figure reflects the company's robust earnings growth, providing a solid return for shareholders compared to earlier periods.

Adjusted EBITDA

For the third quarter of 2024, Affiliated Managers Group Inc. reported an adjusted EBITDA of $935.7 million, representing a 6% increase from 2020. This growth in adjusted EBITDA underscores the company's effective cost management and operational efficiency.

Economic Earnings

Affiliated Managers Group Inc. achieved an economic net income of $717.8 million in the third quarter of 2024, with economic earnings per share reaching $19.48. This 14% increase in economic earnings per share from 2020 highlights the company's strong financial health and strategic growth initiatives.

Summarized from source with an LLMView Source

Key figures

23.8%1Y

16.6%3Y

121%5Y

Performance

24.7%1Y

31.9%3Y

39.6%5Y

Volatility