Attention Seeking Stock: Affiliated Managers Group, Inc. (NYSE: AMG)

On Tuesday, Shares of Affiliated Managers Group, Inc. (NYSE: AMG) showed the bullish trend with a higher momentum of 1.93% and ended its trading session at $191.80. The company traded total volume of 290,582 shares as contrast to its average volume of 385.71K shares. The company has a market value of $10.54B and about 54.96M shares outstanding. During the 52-week trading session, the minimum price at which share price traded was registered at $148.81 and reached the max level of $217.00.

Associated Managers Group, Inc. (AMG) recently stated its financial and operating results for the fourth quarter and full year 2017.

For the fourth quarter of 2017, Net income was $315.40M, contrast to $150.20M for the same period of 2016. For the fourth quarter of 2017, Economic net income was $261.30M, contrast to $211.20M for the same period of 2016. For the fourth quarter of 2017, Adjusted EBITDA was $361.30M, contrast to $289.70M for the same period of 2016. For the fourth quarter of 2017, Aggregate fees (formerly referred to as Aggregate revenue; consists of the total asset- and performance-based fees of all Associates, as further set forth in Note B) were $1.70B, contrast to $1.30B for the same period of 2016. For the fourth quarter of 2017, diluted earnings per share were $5.50 contrast to $2.67 for the same period of 2016, and Economic earnings per share (“Economic EPS”) were $4.68 (which excludes the impact of recent changes in U.S. tax law), contrast to $3.80 for the same period of 2016.

For the year ended December 31, 2017, Net income was $689.50M, contrast to $472.80M for 2016. For the year ended December 31, 2017, Economic net income was $824.40M, contrast to $703.60M for 2016. For the year ended December 31, 2017, Adjusted EBITDA was $1.10B, contrast to $945.50M for 2016. For the year ended December 31, 2017, Aggregate fees were $5.50B, contrast to $4.30B for 2016. For the year ended December 31, 2017, diluted earnings per share were $12.03, contrast to $8.57 for 2016, and Economic earnings per share were $14.60, contrast to $12.84 for 2016.

Net client cash flows for the fourth quarter of 2017 were $1.00B, and for the full year were $4.70B. AMG’s aggregate assets under management were about $8360B at December 31, 2017.

The Company offered net profit margin of 30.60%. ROE was recorded as 19.30% while beta factor was 1.55. The stock, as of recent close, has shown the weekly upbeat performance of 0.81% which was maintained at -6.55% in this year.

Louis Jensen

Editor

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