Affiliated Managers (AMG)

Company Profile

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, MGRD, MGR

Exchange

NYSE

Website

www.amg.com

CEO

Jay Horgen

Incorporated

Delaware

Location

Florida

Fiscal year end

Dec 31

Sector

Finance and Insurance > Securities and Commodity Exchanges

Industry (SIC)

Investment Advice

Ameriprise Financial • Oaktree Capital • Carlyle Group Inc • Apollo Global Management Inc - • Blackstone • Invesco • Franklin Resources • Legg Mason • Sculptor Capital Management • Brookfield Asset Management ...

Former names

AFFILIATED MANAGERS GROUP INC

SEC CIK

0001004434

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Abacos Atlantic Holdings Ltd. • Abacus Capital Group LLC • Abax Investments Proprietary Limited, a limited • Affiliated Managers Group (Asia) Limited • Affiliated Managers Group (Europe) Limited • Affiliated Managers Group • Affiliated Managers Group Limited, a limited company incorporated • Affiliated Managers Group Pty Ltd, a limited company incorporated in Australia • AMG 2014 Capital LLC • AMG Andros Holdings Ltd. ...

IRS number

43218510

AMG stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$186.00

Low target

$180.00

High target

$192.00

Keefe, Bruyette & Woods

Latest filings (excl ownership)

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8-K

Submission of Matters to a Vote of Security Holders

8 May 23

AMG Reports Financial and Operating Results for the First Quarter of 2023

1 May 23

ARS

2022 FY

Annual report to shareholders

14 Apr 23

DEFA14A

Additional proxy soliciting materials

14 Apr 23

17 Feb 23

AMG Reports Financial and Operating Results for Company reports EPS of $17.40, Economic EPS of $7.28 in fourth quarter

6 Feb 23

8-K

Departure of Directors or Certain Officers

30 Dec 22

8-K

Entry into a Material Definitive Agreement

21 Nov 22

Transcripts

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AMG

Earnings call transcript

2022 Q4

6 Feb 23

AMG

Earnings call transcript

2022 Q3

7 Nov 22

AMG

Earnings call transcript

2022 Q2

1 Aug 22

AMG

Earnings call transcript

2022 Q1

2 May 22

AMG

Earnings call transcript

2021 Q4

7 Feb 22

AMG

Earnings call transcript

2021 Q3

1 Nov 21

AMG

Earnings call transcript

2021 Q2

28 Jul 21

AMG

Earnings call transcript

2021 Q1

3 May 21

AMG

Earnings call transcript

2020 Q4

8 Feb 21

AMG

Earnings call transcript

2020 Q3

26 Oct 20

Latest ownership filings

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13F-NT

Notice of holdings reported by another manager

Financial summary

Financial statements Chart AMG financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
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.

Institutional ownership, Q1 2023

AMG institutional ownership history Ownership history

99.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	379	364	+4.1%
Opened positions	66	77	-14.3%
Closed positions	51	39	+30.8%
Increased positions	127	119	+6.7%
Reduced positions	135	116	+16.4%

13F shares	Current	Prev Q	Change
Total value	4.81 tn	5.44 tn	-11.5%
Total shares	35.85 mm	36.03 mm	-0.5%
Total puts	33.60 k	57.50 k	-41.6%
Total calls	43.90 k	61.70 k	-28.8%
Total put/call ratio	0.8	0.9	-17.9%

Largest owners	Shares	Value	Change
Vanguard	3.82 mm	$543.61 bn	-1.5%
BLK Blackrock	3.50 mm	$497.93 bn	-0.3%
EdgePoint Investment	2.88 mm	$410.47 bn	-6.7%
MS Morgan Stanley	2.75 mm	$392.35 bn	-0.7%
Clarkston Capital Partners	2.27 mm	$322.95 bn	+1.4%
FMR	1.69 mm	$241.13 bn	+8.3%
STT State Street	1.29 mm	$183.83 bn	+2.6%
MFC Manulife Financial	1.11 mm	$108.45 mm	0.0%
Ariel Investments	1.09 mm	$155.55 bn	-3.2%
Southeastern Asset Management	923.36 k	$131.50 bn	-0.9%

Largest transactions	Shares	Bought/sold	Change
Envestnet Asset Management	755.31 k	+740.25 k	+4914.7%
Norges Bank	0.00	-472.88 k	EXIT
Millennium Management	0.00	-399.60 k	EXIT
Citadel Advisors	108.79 k	-356.77 k	-76.6%
Balyasny Asset Management	0.00	-261.14 k	EXIT
EdgePoint Investment	2.88 mm	-207.26 k	-6.7%
Deutsche Bank AG - Registered Shares	312.40 k	+206.04 k	+193.7%
Junto Capital Management	199.96 k	+199.96 k	NEW
Allianz Asset Management GmbH	209.52 k	+158.59 k	+311.4%
Point72 Asset Management	570.00	-138.93 k	-99.6%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

AMG insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
16 Mar 23	Reuben Jeffery III	Common Stock	Buy	Acquire P	No	No	137.21	3,650	500.82 k	31,726
5 Mar 23	David Christopher Ryan	Common Stock	Option exercise	Acquire M	No	No	0	171	0.00	347
5 Mar 23	David Christopher Ryan	Stock Units Common Stock	Option exercise	Dispose M	No	No	0	171	0.00	3,357
5 Mar 23	Rodriguez Felix V. Matos	Common Stock	Option exercise	Acquire M	No	No	0	380	0.00	773
5 Mar 23	Rodriguez Felix V. Matos	Stock Units Common Stock	Option exercise	Dispose M	No	No	0	380	0.00	2,854
5 Mar 23	Tracy A Atkinson	Common Stock	Option exercise	Acquire M	No	No	0	399	0.00	2,818
5 Mar 23	Tracy A Atkinson	Stock Units Common Stock	Option exercise	Dispose M	No	No	0	399	0.00	3,466
5 Mar 23	Reuben Jeffery III	Common Stock	Option exercise	Acquire M	No	No	0	418	0.00	28,076
5 Mar 23	Reuben Jeffery III	Stock Units Common Stock	Option exercise	Dispose M	No	No	0	418	0.00	4,000