earnings
confidence high
sentiment positive
materiality 0.75
AMG Q1 2024 Economic EPS $5.37, up 28% YoY; AUM $699.4B
AFFILIATED MANAGERS GROUP, INC.
2024-Q1 EPS reported
$4.14
revenue$499,900,000
- GAAP diluted EPS $4.14 vs $3.47 YoY; Economic EPS $5.37 vs $4.18 YoY.
- Net income (controlling interest) $149.8M; Economic net income $186.7M.
- Issued $450M of 40-year junior hybrid debt; repurchased ~$150M of common stock.
- Quarterly dividend declared $0.01 per share, payable May 30, 2024.
- Pantheon affiliate now manages >$65B in private markets; management transition.