Affiliated Managers: Fourth Quarter Earnings Overview

Affiliated Managers Group Reports Strong Fourth-Quarter Results

Affiliated Managers Group Inc., headquartered in West Palm Beach, Florida, announced its financial results for the fourth quarter on Thursday, revealing a net income of $347.6 million.

The company reported earnings of $11.21 per share, with adjusted earnings—excluding one-time gains—totaling $9.48 per share.

These figures outperformed analyst expectations, as the consensus from six analysts polled by Zacks Investment Research had projected earnings of $8.75 per share.

During the quarter, AMG generated $556.6 million in revenue, surpassing the $551.5 million estimate from three Zacks analysts.

For the full year, AMG recorded a profit of $716.6 million, or $22.74 per share, on total revenue of $2.07 billion.

Since the start of the year, shares of Affiliated Managers Group have risen by nearly 7%. Over the past year, the stock has surged 78%.