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Sep 30, 2021
AMG Q3 2021 Earnings Report
AMG reported EPS of $3.00 and Economic EPS of $4.00. The company announced a partnership with Abacus Capital Group and completed investment in Parnassus Investments.
Key Takeaways
AMG reported a 26% growth in Adjusted EBITDA compared to the previous year's quarter, driven by Affiliate investment performance and new investments. Net client cash flows were positive, reflecting strong demand for both private market and liquid alternative strategies.
Adjusted EBITDA grew 26% year-over-year, driven by Affiliate investment performance and new investments.
Net client cash flows were positive, reflecting strong demand for both private market and liquid alternative strategies during the quarter.
Partnership announced with Abacus Capital Group, a real estate investment firm focused on the U.S. multifamily sector.
Company repurchased $100 million in common stock, bringing total year-to-date share repurchases to $390 million.
AMG
AMG
Forward Guidance
AMG is actively expanding its exposure to areas of secular growth, including illiquid alternatives, specialty fixed income, wealth management, Asia, and ESG, through additional investments in new Affiliates — and through supporting the growth of existing Affiliates leveraging AMG's strategic resources.