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Mar 31, 2023
AMG Q1 2023 Earnings Report
AMG reported its financial and operating results for the first quarter of 2023.
Key Takeaways
AMG reported Economic Earnings per share of $4.18 for the first quarter, reflecting a unique business profile and the positive impact of their capital allocation strategy. The company's Affiliates are positioned to benefit as clients adjust their portfolio allocations. AMG is confident in their ability to create long-term shareholder value through strategic partnerships and disciplined capital allocation.
Economic Earnings per share was reported as $4.18 for the first quarter.
The company continued execution of $225 million accelerated share repurchase program.
AMG's aggregate assets under management were approximately $668 billion as of March 31, 2023.
A first-quarter cash dividend of $0.01 per share of common stock was announced.
AMG
AMG
Forward Guidance
AMG expects to continue to enhance their participation in secular growth areas and further diversify their business. They are confident in their ability to invest in attractive growth opportunities and return excess capital to shareholders.