Affiliated Managers Group, Inc. (N:AMG)
Business Focus: Investment Management & Fund Operators
| Sector: Financials | Industry: Investment Management & Fund Operators |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 777 South Flagler Drive WEST PALM BEACH FL 33401 |
| Tel: | N/A |
| Website: | https://www.amg.com |
| IR: | See website |
| Key People | ||
| Jay C. Horgen President, Chief Executive Officer, Director | Dava E. Ritchea Chief Financial Officer | Thomas M. Wojcik Chief Operating Officer |
| John R. Erickson Head of Affiliate Engagement | Rizwan M. Jamal Head of Affiliate Investments | |
| Business Overview |
| Affiliated Managers Group, Inc. is a global independent investment management company. The Company is focused on investing in a range of partner-owned investment firms, known as Affiliates. Its Affiliates provide a diverse range of differentiated investment strategies designed to assist institutional and wealth clients worldwide in achieving their investment objectives. Its Affiliates also provide investment management and customized investment counseling and fiduciary services to high-net worth individuals and families and institutional clients. Its Affiliates distribute their investment services and products to institutional and wealth clients through direct sales and relationships with consultants and intermediaries around the world through their own business development capabilities. Its Affiliates manage assets for investors in more than 50 countries. It manages its assets across a range of private markets, liquid alternative and differentiated long-only investment strategies. |
| Financial Overview |
| For the three months ended 31 March 2024, Affiliated Managers Group, Inc. revenues decreased 3% to $499.9M. Net income increased 11% to $149.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income reflects Equity method income (net) increase from $58.6M to $117.5M (income), Other expenses (net) decrease of 38% to $9M (expense), Selling. |
| Employees: | 4,000 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $6,756M as of Mar 31, 2024 |
| Annual revenue (TTM): | $2,040M as of Mar 31, 2024 |
| EBITDA (TTM): | $721.50M as of Mar 31, 2024 |
| Net annual income (TTM): | $688.20M as of Mar 31, 2024 |
| Free cash flow (TTM): | $837.70M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $1,732M as of Mar 31, 2024 |
| Shares outstanding: | 31,864,456 as of May 3, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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