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AMG Affiliated Managers

AMG is a global asset management company with equity investments in leading boutique investment management firms. AMG's strategy is to generate long-term value by investing in leading independent active investment managers, through a proven partnership approach, and allocating resources across the Company's unique opportunity set to the areas of highest growth and return. AMG's innovative partnership approach allows each Affiliate's management team to own significant equity in their firm while maintaining operational autonomy. In addition, AMG provides centralized assistance to its Affiliates on strategy, marketing, distribution, and product development. As of September 30, 2020, AMG's aggregate assets under management were approximately $654 billion, across a broad range of active, return-oriented strategies.

Company profile

Ticker
AMG, MGRB, MGR
Exchange
Website
CEO
Sean Healey
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AFFILIATED MANAGERS GROUP INC
SEC CIK
IRS number
43218510

AMG stock data

(
)

Calendar

7 May 21
24 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 766.2M 766.2M 766.2M 766.2M 766.2M 766.2M
Cash burn (monthly) 91.17M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 254.03M n/a n/a n/a n/a n/a
Cash remaining 512.17M n/a n/a n/a n/a n/a
Runway (months of cash) 5.6 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 May 21 Reuben Jeffery III Common Stock Buy Aquire P No No 160.49 2,500 401.23K 20,000
15 Apr 21 Jay C. Horgen Common Stock Payment of exercise Dispose F No No 157.81 35,564 5.61M 153,113
15 Apr 21 Jay C. Horgen Common Stock Option exercise Aquire M No No 122.4 41,131 5.03M 188,677
15 Apr 21 Jay C. Horgen Employee Stock Option Common Stock Option exercise Dispose M No No 122.4 41,131 5.03M 0
5 Mar 21 Thomas M Wojcik Stock Units Common Stock Grant Aquire A No No 0 5,958 0 5,958
5 Mar 21 Thomas M Wojcik Stock Units Common Stock Grant Aquire A No No 0 4,922 0 4,922
5 Mar 21 Jay C. Horgen Common Stock Payment of exercise Dispose F No No 139.31 7,778 1.08M 147,546
5 Mar 21 Jay C. Horgen Common Stock Grant Aquire A No No 0 19,298 0 155,324
5 Mar 21 Jay C. Horgen Stock Units Common Stock Grant Aquire A No No 0 10,050 0 10,050
5 Mar 21 Jay C. Horgen Stock Units Common Stock Grant Aquire A No No 0 47,988 0 47,988

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 309 290 +6.6%
Opened positions 59 56 +5.4%
Closed positions 40 32 +25.0%
Increased positions 71 68 +4.4%
Reduced positions 130 126 +3.2%
13F shares
Current Prev Q Change
Total value 6.21B 4.6B +35.1%
Total shares 41.65M 45.18M -7.8%
Total puts 46.8K 17K +175.3%
Total calls 32.7K 65.5K -50.1%
Total put/call ratio 1.4 0.3 +451.4%
Largest owners
Shares Value Change
EdgePoint Investment 7.34M $1.09B -11.2%
BLK Blackrock 3.84M $572.39M +1.4%
Vanguard 3.71M $553.22M -3.2%
Atlanta Capital Management Co L L C 2.56M $381.53M -1.0%
Clarkston Capital Partners 1.99M $295.84M -0.2%
Kiltearn Partners 1.67M $249.12M -2.4%
Spyglass Capital Management 1.47M $218.5M +7.1%
FMR 1.46M $216.98M -0.3%
STT State Street 1.36M $202.09M -6.9%
Southeastern Asset Management 1.27M $189.39M -21.4%
Largest transactions
Shares Bought/sold Change
EdgePoint Investment 7.34M -927.66K -11.2%
ACR Alpine Capital Research 583.55K -838.25K -59.0%
LGT Capital Partners 527K -492.24K -48.3%
Norges Bank 0 -401.08K EXIT
Southeastern Asset Management 1.27M -346.78K -21.4%
PRU Prudential Financial 60.76K -295.43K -82.9%
Arrowstreet Capital, Limited Partnership 376.68K +244.37K +184.7%
Oppenheimer Asset Management 182.06K -215.3K -54.2%
Gillson Capital 0 -142.01K EXIT
Charles Schwab Investment Management 347.31K -135.58K -28.1%

Financial report summary

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Management Discussion
  • Our Consolidated revenue increased $51.8 million or 10% for the three months ended March 31, 2021, due to a $49.5 million or 10% increase from asset based fees and a $2.3 million or less than 1% increase from performance based fees.  The increase in asset based fees was due to an increase in consolidated Affiliate average assets under management, principally in our global equity strategies, offset by a change in the composition of our assets under management.
  • Our Consolidated expenses are primarily attributable to the non-controlling interests of our consolidated Affiliates in which we share in revenue without regard to expenses. For these Affiliates, the amount of expenses attributable to the non-controlling interests, including compensation, is generally determined by the percentage of revenue allocated to expenses as part of the
  • structured partnership interests in place at the respective Affiliate. Accordingly, increases in revenue generally will increase a consolidated Affiliate’s expenses attributable to the non-controlling interests and decreases in revenue will generally decrease a consolidated Affiliate’s expenses attributable to the non-controlling interests.
Content analysis
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