Last $216.42 USD
Change Today -2.63 / -1.20%
Volume 221.6K
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

affiliated managers group (AMG) Snapshot

Open
$219.30
Previous Close
$219.05
Day High
$220.19
Day Low
$216.31
52 Week High
02/27/15 - $220.19
52 Week Low
10/15/14 - $174.43
Market Cap
11.9B
Average Volume 10 Days
347.7K
EPS TTM
$8.25
Shares Outstanding
54.9M
EX-Date
--
P/E TM
26.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for AFFILIATED MANAGERS GROUP (AMG)

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affiliated managers group (AMG) Details

Affiliated Managers Group, Inc., through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments. The company also offers investment products in various investment styles in the institutional distribution channel, including small, small/mid, mid, and large capitalization value and growth equity, and emerging markets. In addition, it offers quantitative, alternative, and fixed income products, and manages assets for foundations and endowments, defined benefit, and defined contribution plans for corporations and municipalities. Affiliated Managers Group provides investment management or customized investment counseling and fiduciary services. The company was formed as a corporation under the laws of Delaware in 1993. Affiliated Managers Group is based in Prides Crossing, Massachusetts.

2,900 Employees
Last Reported Date: 02/23/15
Founded in 1993

affiliated managers group (AMG) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $750.0K
President and Chief Operating Officer
Total Annual Compensation: $500.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $500.0K
Vice Chairman
Total Annual Compensation: $350.0K
Executive Vice President and Head of Global D...
Total Annual Compensation: $334.9K
Compensation as of Fiscal Year 2013.

affiliated managers group (AMG) Key Developments

Morgan Stanley In Talks To Sell Lansdowne Partners

Wall Street Journal reports Morgan Stanley Investment Management Limited is looking to sell 19% stake in Lansdowne Partners (UK) LLP. Morgan Stanley have narrowed the list of potential buyers which include, Affiliated Managers Group Inc. (NYSE:AMG), Foundation Capital Partners and Dyal Capital Partners. UBS AG is acting as financial advisor to Lansdowne.

Affiliated Managers Group Inc. Reports Consolidated Earnings for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Interest Expense Guidance for the First Quarter of 2015; Provides Earnings Guidance for the Year of 2015

Affiliated Managers Group Inc. reported consolidated earnings for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of $641.2 million against $594.0 million a year ago. Operating income was $198.7 million against $153.1 million a year ago. Income from equity method investments was $132.4 million against $186.8 million a year ago. Income before income taxes was $312.8 million against $336.6 million a year ago. Net income (controlling interest) was $172.6 million or $3.02 per diluted share against $158.2 million or $2.79 per diluted share a year ago. Economic earnings per share were $3.55, compared to $3.66 for the same period of 2013, while diluted earnings per share for the fourth quarter of 2014 were $3.02, compared to $2.79 for the same period of 2013. Economic net income was $200.0 million, compared to $202.9 million for the same period of 2013. EBITDA was $278.9 million, compared to $301.5 million for the same period of 2013. Net income (controlling interest), as adjusted was $176.4 million against $164.8 million a year ago. Net client cash flows for the fourth quarter of 2014 were $2.6 billion. For the year, the company reported revenue of $2,510.9 million against $2,188.8 million a year ago. Operating income was $815.2 million against $634.1 million a year ago. Income from equity method investments was $281.7 million against $307.8 million a year ago. Income before income taxes was $1,013.5 million against $863.7 million a year ago. Net income (controlling interest) was $452.1 million or $8.01 per diluted share against $360.5 million or $6.55 per diluted share a year ago. Economic net income was $644.4 million, while EBITDA was $900.8 million, and net income was $452.1 million. For the year ended December 31, 2013, Economic net income was $570.1 million, while EBITDA was $819.9 million, and net income was $360.5 million. Net income (controlling interest), as adjusted was $467.3 million against $371.0 million a year ago. Net client cash flows were $21.4 billion. For the first quarter of 2015, the company expects interest expense to increase to approximately $23.5 million as a result of higher revolver balances primarily from the financing of AQR. The company is raising 2015 guidance as it expects the economic earnings per share to be in a range of $13 to $14.25. GAAP tax rate for 2015 is expected to be 34% and the cash, much lower than that at 23%.

Affiliated Managers Group Inc. to Report Q4, 2014 Results on Jan 27, 2015

Affiliated Managers Group Inc. announced that they will report Q4, 2014 results at 11:00 AM, US Eastern Standard Time on Jan 27, 2015

 

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Industry Analysis

AMG

Industry Average

Valuation AMG Industry Range
Price/Earnings 28.0x
Price/Sales 4.8x
Price/Book 4.5x
Price/Cash Flow 20.1x
TEV/Sales 3.0x
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