Last SFr.17.90 CHF
Change Today 0.00 / 0.00%
Volume 119.4K
GAM On Other Exchanges
Symbol
Exchange
SIX Swiss Ex
OTC US
OTC US
Frankfurt
As of 6:37 AM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

gam holding ag (GAM) Snapshot

Open
SFr.17.85
Previous Close
SFr.17.90
Day High
SFr.17.95
Day Low
SFr.17.70
52 Week High
08/26/14 - SFr.17.95
52 Week Low
02/4/14 - SFr.13.76
Market Cap
3.0B
Average Volume 10 Days
442.2K
EPS TTM
SFr.1.04
Shares Outstanding
166.7M
EX-Date
04/17/14
P/E TM
17.2x
Dividend
SFr.0.65
Dividend Yield
3.65%
Current Stock Chart for GAM HOLDING AG (GAM)

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gam holding ag (GAM) Details

GAM Holding AG is a publicly owned asset management holding company. The firm through its subsidiaries manages separate client focused equity and fixed income portfolios. GAM Holding AG is based in Zurich, Switzerland.

1,084 Employees
Last Reported Date: 08/13/14

gam holding ag (GAM) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

gam holding ag (GAM) Key Developments

GAM Holding AG Reports Earnings for the First Half Ended June 30, 2014

GAM Holding AG reported earnings for the first half ended June 30, 2014. For the period, the company reported underlying net profit of CHF 93.1 million. Before tax, underlying profit of CHF 113.1 million: First half 2014 results surpassed pre-tax profit of second half 2013 as cost cuts exceeded revenue fluctuations. IFRS net profit of CHF 90.8 million, of which CHF 89.8 million attributable to GAM Holding AG shareholders. Underlying net profit declined by 5% from the second half of 2013 and by 17% from the first half. Basic earnings per share, at CHF 0.57, declined slightly less (3% from the second half of 2013 and 15% from the first half), as the decrease in net profits was somewhat mitigated by the buy-back of own shares for cancellation. The Group's operating income totalled CHF 307.4 million, down 2% from the second half of 2013. A reduction in average assets under management in investment management, reflecting the outflows experienced in the second half of 2013 and in the first quarter of this year, drove net management fees and commissions down 3% to CHF 267.3 million. This was largely offset by a 17% rise in performance fees which amounted to CHF 34.9 million. Performance fee contributions from a number of equity and fixed income strategies improved, particularly from the absolute return/unconstrained bond strategy whose annual performance fee is booked at the end of June.

GAM Holding AG Approves Dividend for 2013 Payable on April 24, 2014

GAM Holding AG announced that at the annual general meeting held on April 15, 2014, the shareholders approved a dividend distribution of CHF 0.65 per share for 2013, an increase of 30% over previous dividends. Shareholders agreed that the dividend would be distributed from capital contribution reserves (which totaled CHF 1,537.4 million as at December 31, 2013) rather than from retained earnings, making it exempt from Swiss federal withholding tax for all shareholders. For shareholders resident in Switzerland who hold the shares as part of their private assets, the dividend will also be exempt from income tax. In total, the dividend distribution will amount to around CHF 105 million, corresponding to approximately half of the underlying net profit achieved by the group in 2013. Ex-dividend date is April 17, 2014. Dividend record date is April 23, 2014 and dividend payable date is April 24, 2014.

GAM Holding AG Reports Interim Management Statement for the Period Ended March 31, 2014

GAM Holding AG reported interim management statement for the period ended March 31, 2014. Assets under management in Investment Management as at 31 March 2014 amounted to CHF 69.6 billion, compared to CHF 69.8 billion at the end of December. Market performance had a positive effect, largely offsetting the net new money outflows experienced for the full quarter and the adverse impact from a strengthening Swiss franc (the Group's reporting currency) against the US dollar and the euro. Consistent with the trends communicated at the annual results presentation on 4 March 2014, during the first two months of the year Investment Management experienced the tail end of outflows which began in late 2013, with client flows turning positive in March.

 

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GAM Competitors

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Industry Analysis

GAM

Industry Average

Valuation GAM Industry Range
Price/Earnings 16.6x
Price/Sales 2.6x
Price/Book 1.5x
Price/Cash Flow 15.7x
TEV/Sales 2.1x
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