NYSE$AMG

Affiliated Managers Group · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

AMG reported strong results in the third quarter of 2024, with Economic Earnings per share increasing by 18% year-over-year.

AMG reported EPS of $3.78 and Economic EPS of $4.82 for Q3 2024. The company's net income was $124 million, and Economic Net Income was $153 million. AMG repurchased $103 million in common stock during the quarter and $580 million year-to-date. Dedicated private markets Affiliates raised approximately $7 billion in the quarter.

  • Economic Earnings per share increased 18% year-over-year.
  • Private markets Affiliates raised approximately $7 billion in the quarter.
  • AMG repurchased $103 million in common stock during the quarter.
  • AUM reached $728.4 billion at the end of the period.

Headline financials

Total Revenue

$516M

Previous: $525M-1.7%
EPS

$3.78

Previous: $4.08-7.4%
Total AUM

$728B

Previous: $636B+14.6%
Average AUM

$712B

Previous: $664B+7.2%
Aggregate Fees

$1.16B

Previous: $998M+16.0%
Net Client Cash Flows

-$2.8B

No prior period
Adjusted EBITDA (CI)

$214M

No prior period
Economic Net Income (CI)

$153M

No prior period
Capital Expenditures

-$2.3M

Previous: -$6.6M+65.2%
Free Cash Flow

$121M

Previous: $210M-42.3%
Net Income

$124M

Previous: $217M-43.0%
Operating Income

-$386M

Previous: -$365M-5.7%
Cash & Equivalents

$1.01B

Previous: $999M+1.2%
Total Assets

$8.9B

Previous: $9B-1.1%
Stock-Based Comp

$22.3M

Previous: $26M-14.2%

Revenue & EPS history

AMG · Revenue · Quarterly

$516M

Q3 2024-1.7%vs Q3 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

AMG sees increasing opportunities to invest for growth in both new and existing Affiliates, and create meaningful additional shareholder value over time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

+0.7%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+0.7%

Avg return

30 days after

47%

32 / 68 earnings

Positive

+26.4%

Q4 2020

Best reaction

-15.1%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.6%-1.6%+9.8%
Q4 2025+6.8%+4.8%-11.7%
Q3 2025+8.3%+9.0%+14.1%
Q1 2025+3.3%+4.1%+4.0%
Q4 2024+0.2%-5.2%-12.5%
Q3 2024-8.3%-4.6%-4.0%
Q2 2024+4.4%-4.2%-3.3%
Q1 2024-3.0%-1.7%-1.2%
Q4 2023+3.0%+4.2%+6.2%
Q3 2023+1.7%+3.5%+6.7%
Q2 2023-13.5%-14.2%-18.6%
Q1 2023-0.8%-1.9%-3.7%
Q4 2022-3.8%-6.0%-11.0%
Q3 2022+16.0%+24.2%+27.5%
Q2 2022+1.5%+2.7%+0.8%
Q1 2022+3.6%+2.7%+4.7%
Q4 2021+0.4%-2.8%-11.0%
Q3 2021+12.1%+10.8%-0.3%
Q2 2021-5.2%-4.6%+4.0%
Q1 2021+1.1%+7.7%+3.2%
Q4 2020+26.4%+31.6%+25.3%
Q3 2020-3.2%-5.1%+14.3%
Q2 2020-0.9%-2.1%+0.1%
Q1 2020+13.0%+7.8%+20.2%
Q4 2019+2.8%+2.1%-5.5%
Q3 2019+8.7%+6.2%+11.1%
Q2 2019-3.6%-9.9%-16.7%
Q1 2019-15.1%-14.8%-20.5%
Q4 2018+4.8%-0.1%+1.4%
Q3 2018-0.3%+1.1%-1.5%
Q2 2018+5.9%+0.7%-2.0%
Q1 2018-3.5%-4.9%-5.4%
Q4 2017-5.8%-8.6%-12.2%
Q3 2017-2.2%-2.8%+4.2%
Q2 2017+4.1%+1.1%-2.6%
Q1 2017-6.5%-6.6%-7.1%
Q4 2016+5.5%+9.5%+17.2%
Q3 2016-2.5%-4.0%+7.4%
Q2 2016-3.9%-0.3%-3.2%
Q1 2016-5.5%
Q4 2015-7.4%
Q3 2015-6.3%
Q2 2015+0.1%
Q1 2015+1.2%
Q4 2014-2.2%
Q3 2014-3.9%
Q2 2014-0.5%
Q1 2014+10.3%
Q4 2013-0.1%
Q3 2013+0.8%
Q2 2013+4.5%
Q1 2013-0.7%
Q4 2012-0.3%
Q3 2012+5.8%
Q2 2012+2.2%
Q1 2012+0.8%
Q4 2011+2.0%
Q3 2011-0.6%
Q2 2011+2.7%
Q1 2010+0.0%
Q1 2011+2.2%
Q4 2008-2.1%
Q4 2010-2.1%
Q3 2009-0.1%
Q3 2010-0.1%
Q2 2009-0.8%
Q4 2009-0.8%
Q2 2010-0.8%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro