$AMG (Affiliated Managers Group Inc.)

$AMG {{ '2015-07-28T17:40:59+0000' | timeago}} • Webcast

$AMG 2Q15 Q&A: Fannon of Jefferies asked about buybacks. Jay answered, AMG’s share count was 55.6MM. In 3Q15, expect the share count to come in because of the weighted average effect. The 125MM AMG repurchased was reflective of the fact that there was no material new investments in the period. Company’s first priority is new investments.

$AMG {{ '2017-05-01T20:16:36+0000' | timeago}} • Webcast

$AMG predicts weighted average share count for the full year 2017 to be about 56.6MM. Performance fees for 1Q17 were $0.18 compared to $0.09 a year ago. For 2Q17, the company predicts performance fees of $0.06-0.12 per share, consistent with last year's $0.10.

$AMG {{ '2017-05-01T20:07:19+0000' | timeago}} • Webcast

$AMG started 2Q17 at $754Bil in asset under management and that is reflective of the closing of all of its 2016 new investments have added an additional $35Bil in the quarter, as well as market appreciation and strong quarter. $AMG sees another $120MM in repurchases, bringing its total to $200MM in 1H17.

$AMG {{ '2017-05-01T20:06:20+0000' | timeago}} • Webcast

$AMG's outflows in U.S. equities for 1Q17 was about $4.5Bil and it grows in about $3.5Bil and outflows of about $8Bil. There were a couple of different dynamics with one large institutional outflow, rebalancing client, and allocation of the same affiliate to a different product.

$AMG {{ '2017-05-01T12:34:56+0000' | timeago}} • Announcement

$AMG announced a cash dividend of $0.20 per common share for 2Q17, payable on May 25, 2017 to stockholders of record as of May 11, 2017. The company bought back 0.5MM shares for approx. $80MM during 1Q17.

$AMG {{ '2017-05-01T12:32:25+0000' | timeago}} • Announcement

On $AMG's 1Q17 results CEO Sean Healey stated,  "We continue to see strong client demand across a diverse array of liquid and illiquid alternative strategies, and while our Affiliates' equity products saw overall outflows during the quarter, client appetite remains robust for differentiated equity strategies focused on non-U.S. markets."

$AMG {{ '2017-05-01T12:28:18+0000' | timeago}} • Announcement

$AMG reported a 18% increase in earnings with a flat revenue in 1Q17. Net income was $122.5MM or $2.13 per share compared with $104MM or $1.90 per share in the prior year quarter. Revenue was flat at $544.3MM versus $545.4MM a year ago. Assets under management grew 17% to $754Bil since 1Q16. Economic EPS grew 10% to $3.21.

$AMG {{ '2017-02-28T19:10:57+0000' | timeago}} • Announcement

$AMG, a global asset management company, appointed Thomas Henauer as Director, Head of Distribution, Switzerland. He will join $AMG on March 1, 2017, and will be based in $AMG’s Zurich office. He will report to Jenny Segal, Head of European Distribution. Henauer was most recently Head of Sales, Switzerland at $JNS.

$AMG {{ '2017-01-30T14:45:01+0000' | timeago}} • Webcast

$AMG stated that over the course of 2017, the company expects a 13% contribution to earnings from performance fees. In 1Q17, the company expects to see some performance fees contribution which could be higher than $0.06. Going forward, $AMG expects this number to be in the $0.06-0.15 range over the course of time.

$AMG {{ '2017-01-30T14:28:04+0000' | timeago}} • Webcast

$AMG said its dividend is set at a level that will not impact its financial flexibility and it is confident of increasing the dividend as earnings rise. The $850MM of free cash flow which the business generates is an important source of value. $AMG sees a long-term opportunity for value creation through accretive investments in new affiliates.

$AMG {{ '2017-01-30T14:17:46+0000' | timeago}} • Webcast

$AMG expects economic EPS for 2017 to be $13.75-15.75. The company expects its weighted average share count to be approx. 56.4MM in 2017.

$AMG {{ '2017-01-30T14:10:15+0000' | timeago}} • Webcast

For 4Q16, $AMG’s aggregate revenue, which includes revenue from all affiliates, grew 11% to $1.3Bil and for full-year 2016, aggregate revenue grew 4% to $4.3Bil. The ratio of aggregate revenue to average assets under management was consistent YoverY at 66BP.

$AMG {{ '2017-01-30T14:00:16+0000' | timeago}} • Webcast

For 4Q16, $AMG had net inflows of $100MM in the institutional channel. In the high net worth channel, the company had positive flows of $341MM. In the mutual fund channel, $AMG had net outflows of $4.5Bil due to continued pressure on active US equity strategies within US retail and due to seasonality.

$AMG {{ '2017-01-30T13:50:30+0000' | timeago}} • Webcast

$AMG generated positive net flows in 2016 of $7.4Bil. This was driven by the affiliates’ strong long-term performance and diverse product set. In 4Q16, the company had net outflows of $4.1Bil caused in large part by anticipated seasonal client redemptions and realization activity in private equity and similar strategies.

$AMG {{ '2017-01-30T13:34:47+0000' | timeago}} • Announcement

$AMG's BoD authorized the initiation of a quarterly cash dividend commencing in 1Q17. And the BoD declared an initial dividend of $0.20 per common share, payable on Feb. 23, 2017 to stockholders of record on Feb. 9, 2017. In addition, the board lifted $AMG's share repurchase authorization to a total of 4MM shares.

$AMG {{ '2017-01-30T13:17:00+0000' | timeago}} • Announcement

$AMG said it saw modest outflows in 4Q16 driven in large part by anticipated seasonal client redemptions and realization activity in private equity and similar strategies.

$AMG {{ '2017-01-30T13:12:50+0000' | timeago}} • Announcement

$AMG reported a rise in 4Q16 earnings on a decline in non-controlling interests. Net income rose to $150.2MM from $147.5MM last year, while EPS remained unchanged from a year ago at $2.67 on higher average shares outstanding. Revenue dropped to $550.3MM from $589.8MM. Economic EPS increased to $3.80 from $3.59.

$AMG {{ '2016-12-19T14:44:09+0000' | timeago}} • Announcement

$AMG said it appointed Hugh P. B. Cutler as EVP and Head of Global Distribution, effective March, 1, 2017. He will be responsible for managing the company's global distribution platform, including $AMG's centralized institutional and retail capabilities around the world.

$AMG {{ '2016-10-31T15:20:24+0000' | timeago}} • Webcast

$AMG feels positive about the underlying trends and activity levels in the business. In the institutional channel, the request-for-proposal (RFP) activity levels and the final activity levels were strong and saw an increase in 3Q16. Looking long-term, the institutional pipeline is strong, RFP activity is good and final activity is seeing an uptick.

$AMG {{ '2016-10-31T15:03:55+0000' | timeago}} • Webcast

$AMG expects Economic EPS for 2016 to be $12.30-13.30. For 2017, Economic EPS is expected to be $14-16. The company expects weighted average share count to be approx. 56MM for full year 2017.

$AMG {{ '2016-10-31T14:53:23+0000' | timeago}} • Webcast

In $AMG’s US equities, performance across the book of products was mixed in 3Q16. Many of the larger strategies at firms such as Frontier Capital Management and Systematic Financial Management outperformed their industries in the quarter.

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