Company Quick10K Filing
Affiliated Managers Group
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 58 $5,347
10-K 2020-02-28 Annual: 2019-12-31
10-Q 2019-11-01 Quarter: 2019-09-30
10-Q 2019-08-01 Quarter: 2019-06-30
10-Q 2019-05-09 Quarter: 2019-03-31
10-K 2019-02-22 Annual: 2018-12-31
10-Q 2018-11-01 Quarter: 2018-09-30
10-Q 2018-08-02 Quarter: 2018-06-30
10-Q 2018-05-04 Quarter: 2018-03-31
10-K 2018-02-23 Annual: 2017-12-31
10-Q 2017-11-02 Quarter: 2017-09-30
10-Q 2017-08-03 Quarter: 2017-06-30
10-Q 2017-05-05 Quarter: 2017-03-31
10-K 2017-02-24 Annual: 2016-12-31
10-Q 2016-11-07 Quarter: 2016-09-30
10-Q 2016-08-05 Quarter: 2016-06-30
10-Q 2016-05-10 Quarter: 2016-03-31
10-K 2016-02-25 Annual: 2015-12-31
10-Q 2015-11-09 Quarter: 2015-09-30
10-Q 2015-08-04 Quarter: 2015-06-30
10-Q 2015-05-05 Quarter: 2015-03-31
10-K 2015-02-23 Annual: 2014-12-31
10-Q 2014-11-06 Quarter: 2014-09-30
10-Q 2014-08-06 Quarter: 2014-06-30
10-Q 2014-05-06 Quarter: 2014-03-31
10-K 2014-02-27 Annual: 2013-12-31
10-Q 2013-11-12 Quarter: 2013-09-30
10-Q 2013-08-06 Quarter: 2013-06-30
10-Q 2013-05-07 Quarter: 2013-03-31
10-Q 2012-11-06 Quarter: 2012-09-30
10-Q 2012-08-08 Quarter: 2012-06-30
10-Q 2012-05-08 Quarter: 2012-03-31
10-K 2012-02-23 Annual: 2011-12-31
10-Q 2011-11-04 Quarter: 2011-09-30
10-Q 2011-08-09 Quarter: 2011-06-30
10-Q 2011-05-10 Quarter: 2011-03-31
10-K 2011-03-01 Annual: 2010-12-31
10-Q 2010-11-09 Quarter: 2010-09-30
10-Q 2010-08-09 Quarter: 2010-06-30
10-Q 2010-05-10 Quarter: 2010-03-31
10-K 2010-03-01 Annual: 2009-12-31
8-K 2020-02-03 Earnings, Other Events, Exhibits
8-K 2019-10-28 Earnings, Other Events, Exhibits
8-K 2019-07-29 Earnings, Other Events, Exhibits
8-K 2019-05-29 Shareholder Vote
8-K 2019-05-06 Earnings, Other Events, Exhibits
8-K 2019-05-01 Officers, Exhibits
8-K 2019-03-21 Enter Agreement, Off-BS Arrangement, Other Events, Exhibits
8-K 2019-03-20 Officers, Exhibits
8-K 2019-02-04 Earnings, Other Events, Exhibits
8-K 2019-02-01 Officers, Exhibits
8-K 2019-01-18 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-10-29 Earnings, Other Events, Exhibits
8-K 2018-07-30 Earnings, Other Events, Exhibits
8-K 2018-06-12 Shareholder Vote
8-K 2018-05-29 Regulation FD, Exhibits
8-K 2018-05-25 Officers, Regulation FD, Other Events, Exhibits
8-K 2018-04-30 Earnings, Other Events, Exhibits
8-K 2018-03-08 Enter Agreement, Leave Agreement, Off-BS Arrangement, Exhibits
8-K 2018-01-29 Earnings, Other Events, Exhibits

Affiliated Managers Group Financials

AMG Metrics, Comps, Filings

Annual | Quarterly

Business

We are a global asset management company with equity investments in leading boutique investment management firms, which we refer to as our "Affiliates." Our innovative partnership approach allows each Affiliate's management team to own significant equity in their firm and maintain operational autonomy. Our strategy is to generate shareholder value through the growth of existing Affiliates, as well as through investments in new Affiliates and additional investments in existing Affiliates. In addition, we provide centralized assistance to our Affiliates in strategic matters, marketing, distribution, product development and operations. As of December 31, 2018, our aggregate assets under management were $736.0 billion in more than 500 investment products across a broad range of active, return-oriented strategies.

We hold meaningful equity interests in each of our Affiliates and typically each Affiliate's management team retains a significant equity interest in their own firm. Affiliate management equity ownership (along with our long-term ownership) aligns our interests, enhances Affiliate management equity incentives, and preserves the opportunity for Affiliate management to participate directly in the long-term future growth and profitability of their firms. Our innovative partnership approach also provides Affiliate management with a degree of liquidity and financial diversification and ensures that they maintain their unique entrepreneurial culture and independence by preserving their operational autonomy in managing their business.

Given our long-term partnership approach, we address the ongoing succession planning issues facing the Affiliate's principal owners by facilitating the transfer of equity over time to the next generation of Affiliate management. At certain Affiliates, we do not have an obligation to repurchase equity interests, but we may make additional investments to further facilitate Affiliate ownership transition.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Invesco (IVZ) 7,872 0% 10.4 1% 37,891 23,532 4,375 0 495 876 9,120
Oaktree Capital (OAK) 8,226 0% 13.8 4% 11,739 8,528 1,379 0 417 597 8,226
Apollo Global Management (APO) 0% 1.5 10% 8,064 5,222 1,902 0 801 687 1,044
Morningstar (MORN) 6,721 46% 23.6 7% 2,282 1,241 1,109 506 167 294 6,945
Affiliated Managers Group (AMG) 4,852 0% 36.2 1% 7,679 3,199 2,248 0 110 172 6,242
Eaton Vance (EV) 5,170 0% 8.3 10% 4,254 2,784 1,683 0 433 622 5,138
Janus Henderson Group (JHG) 4,201 0% 6.4 6% 6,966 2,005 2,136 0 426 584 3,744
Lazard (LAZ) 4,054 0% 7.4 6% 5,552 4,866 1,924 0 332 471 3,465
Evercore (EVR) 3,569 0% 5.1 19% 2,211 1,208 1,362 0 420 644 3,255
Legg Mason (LM) 3,384 0% 96.2 3% 7,802 3,370 2,846 0 216 52 4,969
Federated Investors (FII) 3,165 0% 8.9 14% 1,754 604 1,276 0 254 334 2,967
Houlihan Lokey (HLI) 2,951 28% 11.4 11% 1,448 556 1,113 311 165 243 2,763
Ares Management (ARES) 3,419 0% 5.2 3% 11,597 9,754 1,112 0 305 544 2,843
AllianceBernstein (AB) 2,804 11.1 16% 1,455 1 0 0 232 252 2,804
Carlyle Group (CG) 3,297 0% 4.5 9% 13,928 10,632 3,068 0 1,209 1,362 6,063
Cohen & Steers (CNS) 2,663 0% 14.3 29% 460 128 395 0 135 177 2,535
Artisan Partners (APAM) 2,204 0% 8.8 21% 966 804 782 0 205 231 2,030
Noah Holdings (NOAH) 1,324 0% 8,014 1,839 0 0 0 0 -1,382
BrightSphere Investment Group (BSIG) 1,236 0% 8.7 10% 1,356 1,304 886 0 137 205 1,779
Virtus Investment Partners (VRTS) 939 0% 7.3 2% 3,113 2,344 555 0 77 130 952

Balance Sheet ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash313450430470551564431440566
Accounts Receivable236215256418426391383434401
Inventory
PP&E68698218095114110111104
Assets5,2915,2196,1876,3197,6987,7858,7498,7028,219
Accounts Payable9060
Long-Term Debt525855645869809780
Liabilities2,5032,2682,6682,5323,4093,4033,6493,3123,250
Stockholders' Equity1,8001,8662,0842,1342,6272,8373,6203,8223,457
Income Statement ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue2,378
Cost of Revenue
Gross Profit
R&D
SG&A285351367427486444398373418
Tax929841851119015258181
Net Income2873604116707868347391,009532
Cash Flow ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating4817086339571,3921,2051,0281,1701,141
Cash Investing-974-68-802-50-1,268-324-1,33214-18
Cash Financing545-504146-869-33-854201-1,190-983