secwatch.observer — SEC 8-K summary
======================================

Issuer:     AFFILIATED MANAGERS GROUP, INC. (AMG)
CIK:        0001004434
Form:       8-K
Filed at:   2024-07-29T23:59:59+00:00
Accession:  0001004434-24-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

AMG Q2 2024: Economic EPS $4.67, up 5% YoY; positive net client flows; new buyback authorization
--------------------------------------------------------------------------------

- Q2 GAAP EPS $2.26 vs $3.25 YoY; Economic EPS $4.67 vs $4.45 prior year; net income $76M.
- Net client cash flows positive $0.9B in Q2, improved from -$10.5B YoY, driven by private markets.
- AUM ended Q2 at $701B, up 4% from $673.9B a year ago.
- Repurchased $327M of shares in Q2 ($477M YTD); Board authorized additional 5.4M share repurchase.
- Quarterly dividend of $0.01/share declared, payable Aug 22 to holders of record Aug 8 (unchanged).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1004434/000100443424000035/0001004434-24-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1004434/000100443424000035/amg-20240729.htm
  HTML page:      https://secwatch.observer/filing/0001004434-24-000035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer