Investor Relations

Investor Overview

AMG offers investors a unique opportunity to participate in the growth of a diverse group of high quality boutique investment management firms. Through its Affiliates, AMG offers investment products across a wide range of investment styles and asset classes to mutual fund, institutional and high net worth investors.

AMG has generated strong growth in earnings since its initial public offering in 1997, with compound annual growth in Economic earnings per share of 14%. AMG’s growth is driven by:

  • The investment performance and organic growth of its existing Affiliates
  • Accretive investments in new Affiliates and additional investments in existing Affiliates
  • An efficient capital structure, with a focus on generating attractive returns for shareholders through effective capital management

AMG’s business model generates a strong, recurring cash flow that the Company seeks to reinvest by making investments in new Affiliates, or additional investments in existing Affiliates, and repaying debt; the Company is also committed to consistently returning capital to shareholders, including through share repurchases and our quarterly cash dividend.

Stock Information

AMG (Common Stock)
ExchangeNYSE (US Dollar)
Price$195.70
Change (%)  1.91 (0.99%)
Volume94,461
Data as of 10/18/17 3:58 p.m. ET
Data provided by Nasdaq. Minimum 15 minutes delayed.

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Events

October 2017 (date TBD)

Q3 Earnings Conference Call

November 2017

Bank of America Merrill Lynch Banking and Financial Services Conference

December 2017

Goldman Sachs Financials Conference

February 2018

Credit Suisse Financial Services Forum

Key Financial Metrics

201420152016YTD 2017Growth Rate
'14-'15
Growth Rate
'15-'16
AUM ($BN)$ 620.2$ 611.3$ 688.7$ 772.1(1%)13%
Average AUM ($BN)$ 585.9$ 623.9$ 655.6$ 754.56%5%
 
Revenue$ 2,510.9$ 2,484.5$ 2,194.6$ 1,115.2(1%)(12%)
Equity-method revenue$ 1,692.2$ 1,655.6$ 2,101.7$ 1,473.2(2%)27%
Aggregate revenue$ 4,203.1$ 4,140.1$ 4,296.3$ 2,588.4(1%)4%
 
Net income (controlling interest)$ 433.9$ 509.5$ 472.8$ 248.817%(7%)
EPS (diluted)$ 7.70$ 9.17$ 8.57$ 4.3519%(7%)
Average shares outstanding (diluted)58.457.257.059.0(2%)0%
 
Adjusted EBITDA (controlling interest)$ 900.8$ 942.2$ 945.5$ 498.65%0%
Economic net income$ 629.2$ 687.2$ 703.6$ 371.99%2%
Economic EPS$ 11.18$ 12.47$ 12.84$ 6.5512%3%
Average shares outstanding (adjusted diluted)56.355.154.856.8(2%)(1%)
 
Total assets$ 7,683.5$ 7,769.4$ 8,749.1$ 8,632.31%13%
Long-term debt$ 1,880.3$ 1,879.4$ 2,109.6$ 2,032.4(0%)12%
Total equity$ 3,643.2$ 3,769.1$ 4,426.5$ 4,370.43%17%
Credit ratingA / A-
  • 2014
  • 2015
  • 2016
  • Growth rate
    '14-'15
  • Growth rate
    '15-'16
AUM ($BN)Average AUM ($BN)RevenueEquity-Method RevenueAggregate RevenueNet IncomeEPSAverage shares outstandingAdjusted EBITDA Economic Net IncomeEconomic EPSAverage shares outstandingTotal assetsLong-term debtTotal equity
$620.2$585.9$2,510.9$1,692.2$4,203.1$433.9$7.70$58.4$900.8$629.2$11.18$56.3$7,698.1$1,894.9$3,643.2
$611.3$623.9$2,484.5$1,655.6$4,140.1$509.5$9.17$57.2$942.2$687.2$12.47$55.1$7,769.4$1,894.8$3,769.1
$688.7$655.9$2,194.6$2,101.7$4,296.3$472.8$8.57$57.0$945.5$703.6$12.84$54.8$8,749.1$2,122.6$4,426.5
(1%)(6%)(1%)(2%)(1%)(17%)(19%)(2%)(5%)(9%)(12%)(2%)(1%)(0%)(3%)
13%5%12%27%4%7%7%0%0%2%3%1%13%12%17%
Note: Data in millions, except where noted or per share.

The table above includes non-GAAP and operating performance measures, which are provided in addition to, but not as substitutes for, GAAP performance measures. These operating measures include Aggregate revenue, which includes the revenue from consolidated Affiliates as well as Equity method revenue, and is used by management to evaluate operational trends across all Affiliates, regardless of accounting treatment. Additional information, including reconciliations of EBITDA, Economic Net Income and Economic EPS to Net income, can be found in AMG’s quarterly earnings releases and filings with the Securities and Exchange Commission on EDGAR.