AMG Affiliated Managers Group, Inc.
Affiliated Managers Group, Inc. is an asset management company with equity investments in a diverse group of growing, boutique investment management firms. The firm provides assistance to investment management firms in strategic matters, marketing, distribution, product development and operations. The company was founded by William J. Nutt in December 1993 and is headquartered in West Palm Beach, FL.
Company profile
Ticker
AMG
Exchange
Website
CEO
Jay C. Horgen
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Former names
Affiliated Managers Group Inc
SEC CIK
Corporate docs
IRS number
43218510
Calendar
1 Nov 19
27 Feb 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Sep 19 | Jun 19 | Mar 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | 549M | 591.9M | 543.1M | 564.4M | |
| Net income | 86.3M | 107.7M | -200.8M | -151.3M | |
| Diluted EPS | 1.71 | 2.11 | -3.87 | -2.88 | |
| Net profit margin | 15.72% | 18.20% | -36.97% | -26.81% | |
| Net change in cash | 42.5M | 54.8M | -260.3M | 117.4M | |
| Cash on hand | 402.5M | 360M | 305.2M | 565.5M |
| Annual (USD) | Dec 18 | Dec 17 | Dec 16 | Dec 15 | |
|---|---|---|---|---|---|
| Revenue | 2.38B | 2.31B | 2.19B | ||
| Net income | 243.6M | 689.5M | 472.8M | 509.5M | |
| Diluted EPS | 4.52 | 12.03 | 8.57 | 9.17 | |
| Net profit margin | 10.24% | 29.91% | 21.54% | ||
| Operating income | 1.11B | 1.03B | 1.12B | ||
| Net change in cash | 126M | 8.7M | -133M | 13.2M | |
| Cash on hand | 565.5M | 439.5M | 430.8M | 563.8M |
Financial data from company earnings reports
Institutional ownership Q4 2019
93.1% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 336 |
| Opened positions | 64 |
| Closed positions | 82 |
| Increased positions | 106 |
| Reduced positions | 134 |
13F shares |
Current |
|---|---|
| Total value | 4.13B |
| Total shares | 47.16M |
| Total puts | 108.2K |
| Total calls | 39.6K |
| Total put/call ratio | 2.7 |
Largest owners |
Shares | Value |
|---|---|---|
| EdgePoint Investment | 8.14M | $687.84M |
| BLK BlackRock | 4.57M | $387.63M |
| Vanguard | 4.4M | $372.61M |
| FMR | 1.76M | $148.73M |
| STT State Street | 1.69M | $142.94M |
| Clarkston Capital Partners | 1.54M | $130.61M |
| Kiltearn Partners | 1.47M | $124.33M |
| Southeastern Asset Management | 1.4M | $118.75M |
| PRU Prudential Financial | 1.16M | $98.12M |
| Lyrical Asset Management | 1.14M | $96.8M |
Financial report summary
?Management Discussion
- Our Consolidated revenue decreased $52.3 million or 9% for the three months ended September 30, 2019, due to a $57.5 million or 10% decrease from asset based fees, partially offset by a $5.2 million or 1% increase from performance based fees. The decrease in asset based fees was primarily due to a 6% decrease in consolidated Affiliate average assets under management,
- primarily in global equity strategies and U.S. equity strategies, and a 4% decline in our consolidated Affiliate asset based fee ratio, principally due to a change in the composition of our assets under management.
- Our Consolidated revenue decreased $129.9 million or 7% for the nine months ended September 30, 2019, due to a $169.3 million or 9% decrease from asset based fees, partially offset by a $39.4 million or 2% increase from performance based fees. The decrease in asset based fees was primarily due to a 6% decrease in consolidated Affiliate average assets under management, primarily in global equity strategies and U.S. equity strategies, and a 3% decline in our consolidated Affiliate asset based fee ratio, principally due to a change in the composition of our assets under management.
Content analysis
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| Legalese | ||
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New words:
agreed, BlueMountain, deductible, driven, highest, insurance, LLC, opportunity, proven, set, unique, unsettled
Financial reports
10-Q
2019 Q3
Quarterly report
1 Nov 19
10-Q
2019 Q2
Quarterly report
1 Aug 19
10-Q
2019 Q1
Quarterly report
9 May 19
10-K/A
2018 FY
Annual report (amended)
1 Apr 19
10-K
2018 FY
Annual report
22 Feb 19
10-Q
2018 Q3
Quarterly report
1 Nov 18
10-Q
2018 Q2
Quarterly report
2 Aug 18
10-Q
2018 Q1
Quarterly report
4 May 18
10-K/A
2017 FY
Annual report (amended)
29 Mar 18
10-K
2017 FY
Annual report
23 Feb 18
Current reports
8-K
AMG Reports Financial and Operating Results for the Fourth Quarter
3 Feb 20
8-K
AMG Reports Financial and Operating Results for the Third Quarter
28 Oct 19
8-K
AMG Reports Financial and Operating Results
29 Jul 19
8-K
Submission of Matters to a Vote of Security Holders
30 May 19
8-K
AMG Names Jay C. Horgen as Chief Executive Officer
6 May 19
8-K
AMG Reports Financial and Operating Results for the First Quarter of 2019
6 May 19
8-K
Entry into a Material Definitive Agreement
27 Mar 19
8-K
AMG Names Thomas M. Wojcik as Next Chief Financial Officer
20 Mar 19
8-K
AMG Reports Financial and Operating Results
4 Feb 19
8-K
Departure of Directors or Certain Officers
4 Feb 19
Registration and prospectus
8-A12B
Registration of securities on exchange
27 Mar 19
424B5
Prospectus supplement for primary offering
27 Mar 19
424B5
Prospectus supplement for primary offering
22 Mar 19
FWP
Free writing prospectus
22 Mar 19
424B5
Prospectus supplement for primary offering
21 Mar 19
S-3ASR
Automatic shelf registration
21 Mar 19
25-NSE
Exchange delisting
15 Aug 17
424B5
Prospectus supplement for primary offering
17 Aug 16
424B5
Prospectus supplement for primary offering
8 Jun 16
424B5
Prospectus supplement for primary offering
7 Jun 16
Proxies
DEFA14A
Additional proxy soliciting materials
6 May 19
DEFA14A
Additional proxy soliciting materials
17 Apr 19
DEF 14A
Definitive proxy
17 Apr 19
DEFA14A
Additional proxy soliciting materials
29 May 18
DEF 14A
Definitive proxy
30 Apr 18
DEFA14A
Additional proxy soliciting materials
30 Apr 18
DEFA14A
Additional proxy soliciting materials
1 Jun 17
DEF 14A
Definitive proxy
28 Apr 17
DEFA14A
Additional proxy soliciting materials
28 Apr 17
PRE 14A
Preliminary proxy
7 Apr 17
Other
UPLOAD
Letter from SEC
16 Apr 19
CORRESP
Correspondence with SEC
12 Apr 19
UPLOAD
Letter from SEC
4 Apr 19
UPLOAD
Letter from SEC
10 Jan 18
CORRESP
Correspondence with SEC
28 Dec 17
CORRESP
Correspondence with SEC
16 Jun 17
UPLOAD
Letter from SEC
8 Jun 17
UPLOAD
Letter from SEC
23 Oct 15
CORRESP
Correspondence with SEC
13 Oct 15
CORRESP
Correspondence with SEC
21 Aug 15
Ownership
SC 13G/A
Beneficial ownership report (amended)
13 Feb 20
SC 13G/A
Beneficial ownership report (amended)
12 Feb 20
SC 13G/A
Beneficial ownership report (amended)
10 Feb 20
SC 13G/A
Affiliated Managers Group, Inc.
5 Feb 20
SC 13G
Affiliated Managers Group, Inc.
10 Dec 19
SC 13G/A
Affiliated Managers Group, Inc.
7 Jun 19
SC 13G/A
Affiliated Managers Group, Inc.
14 Feb 19
SC 13G
Affiliated Managers Group, Inc.
13 Feb 19
SC 13G
Affiliated Managers Group, Inc.
13 Feb 19
SC 13G/A
Affiliated Managers Group, Inc.
11 Feb 19