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Jun 30, 2024
AMG Q2 2024 Earnings Report
AMG reported its financial and operating results, with Economic Earnings per share of $4.67.
Key Takeaways
AMG reported positive net client cash flows and Economic Earnings per share of $4.67. The company repurchased $327 million in common stock, bringing total share repurchases to $477 million in the first half of the year. As of June 30, 2024, AMG’s aggregate assets under management were approximately $701 billion.
Economic Earnings per share of $4.67 in the second quarter of 2024.
Positive net client cash flows in the second quarter, driven by continued strength in private markets fundraising.
Company repurchased $327 million in common stock during the quarter.
Assets under management were approximately $701 billion as of June 30, 2024.
AMG
AMG
Forward Guidance
AMG's focus on investing in areas of secular demand has enhanced the long-term growth prospects of our business and positions us to capitalize on the current market environment. Looking ahead, we see increasing opportunities to invest for growth, in both new and existing Affiliates, to further evolve our business toward these areas.