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Affiliated Managers (AMG) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
A rise in revenues and AUM balance support Affiliated Managers' Q4 earnings. The company announces acquisition of minority stake in NorthBridge Partners.
Affiliated Managers Group, Inc. (NYSE:AMG ) Q4 2024 Earnings Conference Call February 6, 2025 8:30 AM ET Company Participants Patricia Figueroa - Head, Investor Relations Jay Horgen - President & Chief Executive Officer Tom Wojcik - Chief Operating Officer Dava Ritchea - Chief Financial Officer Conference Call Participants Trevor Dodds - Jefferies Bill Katz - TD Cowen Operator Greetings and welcome to AMG Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Affiliated Managers Group (AMG) came out with quarterly earnings of $6.53 per share, beating the Zacks Consensus Estimate of $6.02 per share. This compares to earnings of $6.86 per share a year ago.
Company reports EPS of $4.92, Economic EPS of $6.53 in the fourth quarter of 2024 EPS of $15.13, Economic EPS of $21.36 for the full year 2024
WEST PALM BEACH, Fla., Feb. 06, 2025 (GLOBE NEWSWIRE) -- AMG, a strategic partner to leading independent investment management firms globally, today announced that it acquired a minority equity interest in NorthBridge Partners, LLC (“NorthBridge”).
A rise in assets under management balance driven by decent inflows is expected to have supported AMG's Q4 earnings.
Conference Call Scheduled for 8:30 a.m. Eastern Time WEST PALM BEACH, Fla.
Affiliated Managers (AMG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Affiliated Managers Group ( AMG ) is a global asset manager with equity investments in a large group of investment management firms or affiliates. On the whole, the affiliates manage more than 500 investment products across each major product category – global, international and emerging markets equities, domestic equities, alternative and fixed income products.