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
Corporate docs
IRS number
43218510
AMG stock data
()
News
Stocks That Hit 52-Week Highs On Monday
10 May 21
Stocks That Hit 52-Week Highs On Friday
7 May 21
Stocks That Hit 52-Week Highs On Thursday
6 May 21
Stocks That Hit 52-Week Highs On Wednesday
5 May 21
Credit Suisse Maintains Neutral on Affiliated Managers Group, Raises Price Target to $148
4 May 21
Calendar
7 May 21
24 Jun 21
31 Dec 21
Financial summary
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Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
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Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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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 |
Recent insider trades
| 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 |
Institutional ownership Q1 2021
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 |
|---|---|
| Total holders | 309 |
| Opened positions | 59 |
| Closed positions | 40 |
| Increased positions | 71 |
| Reduced positions | 130 |
13F shares |
Current |
|---|---|
| Total value | 6.21B |
| Total shares | 41.65M |
| Total puts | 46.8K |
| Total calls | 32.7K |
| Total put/call ratio | 1.4 |
Largest owners |
Shares | Value |
|---|---|---|
| EdgePoint Investment | 7.34M | $1.09B |
| BLK Blackrock | 3.84M | $572.39M |
| Vanguard | 3.71M | $553.22M |
| Atlanta Capital Management Co L L C | 2.56M | $381.53M |
| Clarkston Capital Partners | 1.99M | $295.84M |
| Kiltearn Partners | 1.67M | $249.12M |
| Spyglass Capital Management | 1.47M | $218.5M |
| FMR | 1.46M | $216.98M |
| STT State Street | 1.36M | $202.09M |
| Southeastern Asset Management | 1.27M | $189.39M |
Financial report summary
?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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H.S. junior Bad
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New words:
April, array, Article, Asia, beneficial, Boston, build, combination, commercial, customized, deductible, Delaware, enduring, evolution, excellent, guaranteed, improbable, instrument, leader, lease, lending, LLC, modify, observable, OCP, preferred, refinanced, reversal, secured, seek, single, statutory, sustainable, thereof, traded, trading, trend, trust, unconditionally, undivided, upward, withheld
Removed:
activity, adversely, America, billable, community, Comvest, Concurrent, conservative, continuing, contractual, created, culture, decentralized, development, disruption, economy, enforceable, entering, entrepreneurial, exclude, expiration, focused, governed, headcount, health, importantly, International, legally, marketing, Master, meaningfully, minimal, monitor, outbreak, performed, predicted, reflected, renewal, repositioned, repositioning, revised, separate, sterling, uncertain, uncertainty, unclear, United, variety, worsen
Financial reports
10-Q
2021 Q1
Quarterly report
7 May 21
10-K
2020 FY
Annual report
19 Feb 21
10-Q
2020 Q3
Quarterly report
30 Oct 20
10-Q
2020 Q2
Quarterly report
31 Jul 20
10-Q
2020 Q1
Quarterly report
4 May 20
10-K
2019 FY
Annual report
28 Feb 20
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
Current reports
8-K
Entry into a Material Definitive Agreement
11 Jun 21
8-K
AMG Reports Financial and Operating Results for the First Quarter of 2021
3 May 21
8-K
AMG Reports Financial and Operating Results for Company reports EPS of $2.54, Economic EPS of $4.22 in fourth quarter
8 Feb 21
8-K
AMG Appoints Félix V. Matos Rodríguez to its Board of Directors
8 Jan 21
8-K
Entry into a Material Definitive Agreement
8 Jan 21
8-K
AMG Reports Financial and Operating Results for the Third Quarter
26 Oct 20
8-K
Departure of Directors or Certain Officers
1 Oct 20
8-K
Entry into a Material Definitive Agreement
23 Sep 20
8-K
AMG Appoints Tracy A. Atkinson to its Board of Directors
3 Aug 20
8-K
AMG Announces Resignation of Patrick T. Ryan from its Board of Directors
3 Aug 20
Registration and prospectus
8-A12B
Registration of securities on exchange
23 Sep 20
424B5
Prospectus supplement for primary offering
18 Sep 20
FWP
Free writing prospectus
17 Sep 20
424B5
Prospectus supplement for primary offering
17 Sep 20
S-8
Registration of securities for employees
24 Jul 20
424B5
Prospectus supplement for primary offering
3 Jun 20
FWP
Free writing prospectus
2 Jun 20
424B5
Prospectus supplement for primary offering
2 Jun 20
8-A12B
Registration of securities on exchange
27 Mar 19
424B5
Prospectus supplement for primary offering
27 Mar 19
Proxies
DEFA14A
Additional proxy soliciting materials
28 May 21
DEFA14A
Additional proxy soliciting materials
26 May 21
DEFA14A
Additional proxy soliciting materials
19 Apr 21
DEF 14A
Definitive proxy
19 Apr 21
DEFA14A
Additional proxy soliciting materials
4 Jun 20
DEFA14A
Additional proxy soliciting materials
18 May 20
DEFA14A
Additional proxy soliciting materials
28 Apr 20
DEF 14A
Definitive proxy
28 Apr 20
DEFA14A
Additional proxy soliciting materials
6 May 19
DEFA14A
Additional proxy soliciting materials
17 Apr 19
Other
UPLOAD
Letter from SEC
15 Apr 19
CORRESP
Correspondence with SEC
11 Apr 19
UPLOAD
Letter from SEC
3 Apr 19
UPLOAD
Letter from SEC
9 Jan 18
CORRESP
Correspondence with SEC
27 Dec 17
CORRESP
Correspondence with SEC
15 Jun 17
UPLOAD
Letter from SEC
7 Jun 17
UPLOAD
Letter from SEC
22 Oct 15
CORRESP
Correspondence with SEC
12 Oct 15
CORRESP
Correspondence with SEC
20 Aug 15
Ownership
13F-NT
Notice of holdings reported by another manager
14 May 21
4
AFFILIATED MANAGERS / Reuben Jeffery III ownership change
6 May 21
4
AFFILIATED MANAGERS / Jay C. Horgen ownership change
16 Apr 21
4
AFFILIATED MANAGERS / David M. Billings ownership change
9 Mar 21
4
AFFILIATED MANAGERS / Jay C. Horgen ownership change
9 Mar 21
4
AFFILIATED MANAGERS / Thomas M Wojcik ownership change
9 Mar 21
SC 13G
AFFILIATED MANAGERS / EATON VANCE MANAGEMENT ownership change
16 Feb 21
13F-NT
Notice of holdings reported by another manager
12 Feb 21
SC 13G/A
AFFILIATED MANAGERS / EdgePoint Investment ownership change
11 Feb 21
4
AFFILIATED MANAGERS / Reuben Jeffery III ownership change
11 Feb 21
Transcripts
2020 Q3
Earnings call transcript
26 Oct 20
2020 Q2
Earnings call transcript
27 Jul 20
2020 Q1
Earnings call transcript
27 Apr 20
2019 Q4
Earnings call transcript
3 Feb 20
2019 Q3
Earnings call transcript
28 Oct 19
2019 Q2
Earnings call transcript
29 Jul 19
2019 Q1
Earnings call transcript
6 May 19
2018 Q4
Earnings call transcript
4 Feb 19
2018 Q3
Earnings call transcript
29 Oct 18
2018 Q2
Earnings call transcript
30 Jul 18
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