Market Overview

Affiliated Managers Group: Q1 Earnings Insights

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Shares of Affiliated Managers Group (NYSE:AMG) were unchanged in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were down 3.07% year over year to $3.16, which beat the estimate of $3.08.

Revenue of $507,300,000 lower by 6.59% from the same period last year, which beat the estimate of $496,340,000.

Looking Ahead

Affiliated Managers Group hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Price Action

52-week high: $114.32

Company's 52-week low was at $44.37

Price action over last quarter: down 26.54%

Company Profile

Affiliated Managers Group offers investment strategies to investors through its network of affiliates. The firm typically buys a majority interest in small to midsize boutique asset managers, receiving a fixed percentage of revenue from these firms in return. Affiliates operate independently, with AMG providing strategic, operational, and technology support, as well as global distribution. At the end of 2019, AMG's affiliate network--which includes firms like AQR Capital Management, BPEA and Pantheon in alternative assets and other products (which accounted for 33% of AUM), Artemis, Genesis, Harding Loevner, and Tweedy Browne in global equities (38%) and Frontier, River Road, and Yacktman in U.S. equities (14%)--had $722.5 billion in managed assets.

 

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Posted-In: Earnings News