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Last $186.87 USD
Change Today -0.61 / -0.33%
Volume 176.8K
AMG On Other Exchanges
Symbol
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As of 2:32 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

affiliated managers group (AMG) Key Developments

Affiliated Managers Group Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Affiliated Managers Group Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company’s revenue was $646.6 million against $636.3 million a year ago. Operating income was $195.2 million against $198.2 million a year ago. Income before income taxes was $262.0 million against $239.1 million a year ago. Net income was $189.9 million or $2.31 per diluted share against $178 million or $1.75 per diluted share a year ago. Net income (controlling interest) was $128.7 million against $99.1 million a year ago. Income before taxes (controlling interest) was $197.9 million against $156.8 million a year ago. Effective tax rate was 35.0% compared to 36.8% a year ago. EBITDA (controlling interest) was $239.2 million against $211.9 million a year ago. Net client cash flows for the second quarter of 2015 were $4.1 billion. AMG generated strong results for the second quarter, reporting Economic earnings per share of $3.08, a 16% increase over the second quarter of 2014. The company generated strong organic growth from positive client cash flows for 21 consecutive quarters — including over $4 billion in net inflows during the second quarter. For the six months, revenue was $1,281.6 million against $1,229.4 million a year ago. Operating income was $426.7 million against $392.4 million a year ago. Income before income taxes was $552.3 million against $447.4 million a year ago. Net income was $410.6 million or $4.58 per diluted share against $337.4 million or $3.15 per diluted share a year ago. Net income (controlling interest) was $256.7 million against $176.2 million a year ago. Income before taxes (controlling interest) was $392.1 million against $279.5 million a year ago. Effective tax rate was 34.5% compared to 37% a year ago. EBITDA (controlling interest) was $460.1 million against $403.8 million a year ago.

Affiliated Managers Group Inc. to Report Q2, 2015 Results on Jul 28, 2015

Affiliated Managers Group Inc. announced that they will report Q2, 2015 results at 11:00 AM, US Eastern Standard Time on Jul 28, 2015

Affiliated Managers Group Inc., Q2 2015 Earnings Call, Jul 28, 2015

Affiliated Managers Group Inc., Q2 2015 Earnings Call, Jul 28, 2015

Affiliated Managers Group Inc. Appoints Robert Bee as Head of UK Distribution

Affiliated Managers Group Inc. appointed Robert Bee, director, head of distribution, in the U.K. He joins Affiliated Managers Group from Ashmore Group Plc, where he was responsible for overseeing U.K. institutional new business, consultant relations and key client accounts.

Affiliated Managers Group Inc. Presents at Deutsche Bank Global Financial Services Investor Conference, Jun-02-2015

Affiliated Managers Group Inc. Presents at Deutsche Bank Global Financial Services Investor Conference, Jun-02-2015 . Venue: The Pierre, 2 East 61st Street (at 5th Avenue), New York, NY 10065, United States. Speakers: Jay C. Horgen, Chief Financial Officer and Treasurer.

 

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Industry Analysis

AMG

Industry Average

Valuation AMG Industry Range
Price/Earnings 20.9x
Price/Sales 4.0x
Price/Book 3.8x
Price/Cash Flow 15.1x
TEV/Sales 2.3x
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