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Sep 30, 2024
AMG Q3 2024 Earnings Report
AMG reported strong results in the third quarter of 2024, with Economic Earnings per share increasing by 18% year-over-year.
Key Takeaways
AMG reported EPS of $3.78 and Economic EPS of $4.82 for Q3 2024. The company's net income was $124 million, and Economic Net Income was $153 million. AMG repurchased $103 million in common stock during the quarter and $580 million year-to-date. Dedicated private markets Affiliates raised approximately $7 billion in the quarter.
Economic Earnings per share increased 18% year-over-year.
Private markets Affiliates raised approximately $7 billion in the quarter.
AMG repurchased $103 million in common stock during the quarter.
AUM reached $728.4 billion at the end of the period.
AMG
AMG
Forward Guidance
AMG sees increasing opportunities to invest for growth in both new and existing Affiliates, and create meaningful additional shareholder value over time.