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Affiliated Managers Group Inc (AMG.N)

AMG.N on New York Stock Exchange

157.81USD
7 Dec 2016
Change (% chg)

$4.21 (+2.74%)
Prev Close
$153.60
Open
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$158.50
Day's Low
$153.12
Volume
96,497
Avg. Vol
98,289
52-wk High
$179.82
52-wk Low
$116.35

Latest Key Developments (Source: Significant Developments)

Affiliated Managers Group Q2 earnings per share $1.97
Monday, 1 Aug 2016 07:38am EDT 

Affiliated Managers Group Inc : Q2 earnings per share $1.97 . Amg reports financial and operating results for the second quarter and first half of 2016 . Q2 earnings per share view $3.01 -- Thomson Reuters I/B/E/S . AMG's aggregate assets under management were approximately $700 billion at June 30, 2016 . Q2 revenue view $563.9 million -- Thomson Reuters I/B/E/S . Qtrly economic EPS of $3.06 . Net client cash flows for Q2 of 2016 were $0.6 billion .Qtrly revenue $ 554.1 million versus $ 646.6 million.  Full Article

AMG announces pricing of 2.50 mln common shares
Tuesday, 7 Jun 2016 08:50am EDT 

Affiliated Managers Group Inc : AMG announces pricing of public offering of common stock . Says offering 2.50 million common shares . Pricing of an underwritten public offering for expected gross proceeds of approximately $425 million .AMG announces pricing of public offering of common stock.  Full Article

Affiliated Managers Group says offering 2.50 mln shares
Monday, 6 Jun 2016 05:46pm EDT 

Affiliated Managers Group Inc : AMG announces proposed public offering of common stock .Says offering 2.50 million common shares.  Full Article

Affiliated Managers Group enters commitment increase agreement
Monday, 6 Jun 2016 07:25am EDT 

Affiliated Managers Group Inc : Entered commitment increase agreement increasing commitments under revolving credit agreement from $1.3 billion to $1.45 billion . Entered commitment increase and joinder agreement increasing borrowings under term credit agreement from $350 million to $385 million . May further increase commitments under revolving credit agreement by up to $350 million - SEC filing . May borrow up to an additional $65 million under term credit agreement - SEC filing .Filed prospectus persuant to which co may issue, sell shares having aggregate sales price of up to $500 million.  Full Article

Affiliated Managers Group to invest in leading alternative firms
Monday, 6 Jun 2016 06:58am EDT 

Affiliated Managers Group Inc : AMG announces agreement to invest in leading alternative firms . AMG will acquire interests in firms from Petershill Fund I for approximately $800 million in total consideration . Will acquire interests in firms from Petershill Fund I in cash at closing, funded up to 50% in equity . Upon closing, AMG's assets under management expected to increase by $55 billion to nearly $700 billion (pro forma as of march 31, 2016) . Reached definitive agreement with Petershill Fund I to acquire Petershill Fund I's minority equity interests in five alternative investment firms . AMG expects that transaction will increase economic earnings per share by $0.50 to $0.80 in 2017 . On closing senior management at each of firms will continue to hold unchanged majority of equity in each respective business . Reached agreement with Petershill Fund I, a group of investment vehicles managed by Goldman Sachs Asset Management L.P. . AMG's investment in interests representing about half of total transaction value is expected to close during q3 of 2016 .Balance of AMG's investment expected to close by year-end 2016.  Full Article

Affiliated Managers enters a $1.3 bln 5-yr senior unsecured multicurrency revolving credit facility - Form 8-K
Tuesday, 22 Sep 2015 04:08pm EDT 

Affiliated Managers Group Inc:On September 22, 2015, entered into a $1.3 billion five-year senior unsecured multicurrency revolving credit facility.Says co entered a $350 million five-year senior unsecured term loan credit facility with Bank of America.Says co may increase commitments under the revolving facility by up to $500 million Company may borrow up to an additional $100 million under the term loan facility.  Full Article

Affiliated Managers Group Inc raises FY 2015 EPS guidance - Conference Call
Tuesday, 27 Jan 2015 11:00am EST 

Affiliated Managers Group Inc:Raises FY 2015 guidance.Expects FY 2015 economic earnings per share to be in the range of $13 to $14.25.FY 2015 EPS of $13.42 - Thomson Reuters I/B/E/S.  Full Article

DIARY-U.S. EARNINGS WEEK AHEAD

Oct 28 Diary of U.S. (.SPX) corporate earnings for the week ahead. ** Please Note - All times given are in U.S. EST unless otherwise stated ** U.S. EARNINGS Start Date Start Time RIC Company Name Event Name 31-Oct-2016 BMO AMG.N Affiliated Managers Group Q3 2016 Affiliated Managers Group Inc Earnings Release Inc 31-Oct-2016 AMC APC.N Anadarko Petroleum Corp