Last €159.97 EUR
Change Today +0.07 / 0.04%
Volume 0.0
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affiliated managers group (AFS) Snapshot

Open
€159.97
Previous Close
€159.90
Day High
€159.97
Day Low
€159.97
52 Week High
09/9/14 - €164.70
52 Week Low
04/14/14 - €128.51
Market Cap
8.9B
Average Volume 10 Days
6.7
EPS TTM
--
Shares Outstanding
55.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AFFILIATED MANAGERS GROUP (AFS)

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affiliated managers group (AFS) Details

Affiliated Managers Group, Inc., through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments. The company also offers investment products in various investment styles in the institutional distribution channel, including small, small/mid, mid, and large capitalization value and growth equity, and emerging markets. In addition, it offers quantitative, alternative, and fixed income products, and manages assets for foundations and endowments, defined benefit, and defined contribution plans for corporations and municipalities. Affiliated Managers Group provides investment management or customized investment counseling and fiduciary services. The company was formed as a corporation under the laws of Delaware in 1993. Affiliated Managers Group is based in Prides Crossing, Massachusetts.

2,500 Employees
Last Reported Date: 02/27/14
Founded in 1993

affiliated managers group (AFS) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $750.0K
President and Chief Operating Officer
Total Annual Compensation: $500.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $500.0K
Vice Chairman
Total Annual Compensation: $350.0K
Executive Vice President and Head of Global D...
Total Annual Compensation: $334.9K
Compensation as of Fiscal Year 2013.

affiliated managers group (AFS) Key Developments

Affiliated Managers Group Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Tax Rate Guidance for the Third Quarter and Revises Earnings Guidance for the Year 2014; Provides Earnings Guidance for the Year 2015

Affiliated Managers Group Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company’s revenue was $636.3 million against $541.0 million a year ago. Operating income was $198.4 million against $161.4 million a year ago. Income before income taxes was $240.7 million against $172.4 million a year ago. Net income was $179.0 million or $1.77 per diluted share against $134.2 million or $1.18 per diluted share a year ago. Net income (controlling interest) was $100.1 million against $64.7 million a year ago. EBITDA (controlling interest) was $211.9 million against $173.0 million a year ago. Net client cash flows were $6.9 billion. EBITDA was up more than 22% year-over-year to $212 million, reflecting the continued organic growth of its business and strong execution of new investment growth strategy. For the six months, revenue was $1,229.4 million against $1,043.3 million a year ago. Operating income was $392.4 million against $311.9 million a year ago. Income before income taxes was $449.0 million against $339.7 million a year ago. Net income was $338.4 million or $3.17 per diluted share against $264.0 million or $2.33 per diluted share a year ago. Net income (controlling interest) was $161.2 million against $127.1 million a year ago. EBITDA (controlling interest) was $403.8 million against $348.0 million a year ago. For the third quarter of 2014, the company expects GAAP tax rate to be approximately 34% and cash tax rate to be approximately 25%. The company expects total interest expense to remain at approximately $22 million, including $2.7 million of pretax noncash imputed interest expense. The company is narrowing its 2014 guidance as the company expects economic earnings per share to be in the range of $11.20 to $12.10. The lower end of guidance ranges include a modest contribution from performance fees and organic growth, while the upper end of these ranges assumes a more robust contribution from both performance fees and net client cash flows. For the year 2015, the company is providing economic earnings per share guidance, which the company expects to be in the range of $13 to $14.50.

Affiliated Managers Group Inc. to Report Q2, 2014 Results on Jul 29, 2014

Affiliated Managers Group Inc. announced that they will report Q2, 2014 results at 12:20 PM, GMT Standard Time on Jul 29, 2014

Affiliated Managers Group Inc., Q2 2014 Earnings Call, Jul 29, 2014

Affiliated Managers Group Inc., Q2 2014 Earnings Call, Jul 29, 2014

 

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Industry Analysis

AFS

Industry Average

Valuation AFS Industry Range
Price/Earnings 29.0x
Price/Sales 4.8x
Price/Book 4.5x
Price/Cash Flow 21.1x
TEV/Sales 3.4x
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