Company Quick10K Filing
Affiliated Managers Group
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 58 $5,347
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) 9,697 0% 7.6 2% 38,501 23,805 5,252 0 648 1,402 10,618
Oaktree Capital (OAK) 7,913 0% 9.8 5% 10,679 7,162 1,415 0 567 787 7,721
Apollo Global Management (APO) 6,711 0% 8.2 11% 7,348 4,807 1,717 0 833 979 8,031
Morningstar (MORN) 6,229 60% 17.7 11% 1,572 569 1,057 635 175 329 5,845
Affiliated Managers Group (AMG) 5,347 0% 23.9 2% 7,728 3,175 2,301 0 150 283 6,779
Eaton Vance (EV) 4,901 0% 7.8 10% 4,219 2,743 1,680 0 422 615 4,811
Janus Henderson Group (JHG) 4,080 0% 5.7 6% 6,860 1,886 2,182 0 418 642 3,667
Lazard (LAZ) 4,066 0% 5.7 7% 5,507 4,790 2,658 0 393 620 3,505
Evercore (EVR) 3,835 0% 5.4 22% 1,940 965 2,116 0 427 635 3,450
Legg Mason (LM) 3,111 0% 28.3 3% 7,846 3,450 2,861 0 221 171 4,831
Federated Investors (FII) 3,080 0% 8.4 14% 1,688 574 1,244 0 242 347 2,899
Houlihan Lokey (HLI) 2,912 28% 9.9 12% 1,393 500 1,115 316 172 278 2,739
Ares Management (ARES) 2,907 0% 4.6 2% 10,980 9,377 1,080 0 260 546 2,530
AllianceBernstein (AB) 2,747 10.7 16% 1,430 0 0 0 231 258 2,747
Carlyle Group (CG) 2,649 0% 5.5 7% 13,401 9,782 2,979 0 1,000 1,178 6,518
Cohen & Steers (CNS) 2,468 0% 22.6 32% 404 110 388 0 129 105 2,366
Artisan Partners (APAM) 2,116 0% 7.2 23% 929 783 792 0 209 271 1,956
Noah Holdings (NOAH) 1,324 0% 8,014 1,839 0 0 0 0 -1,382
BrightSphere Investment Group (BSIG) 1,236 0% 8.0 10% 1,356 1,304 886 0 137 223 1,779
Virtus Investment Partners (VRTS) 880 0% 6.2 3% 3,067 2,343 561 0 80 150 935

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