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Dec 31, 2019
AMG Q4 2019 Earnings Report
AMG reported EPS of $0.46 and Economic EPS of $4.52 in fourth quarter
Key Takeaways
AMG reported Economic earnings per share of $4.52 and year-over-year EBITDA growth of 5%, reflecting strong Affiliate investment performance and related performance fees. Net client cash flows of ($11.3) billion were driven primarily by certain quantitative strategies and seasonal client redemptions.
AMG reported Economic earnings per share of $4.52.
Year-over-year EBITDA growth was 5%.
Net client cash flows were ($11.3) billion.
The company repurchased $110 million in common stock during the quarter.
Forward Guidance
Looking ahead, we are well-positioned to generate growth over time, given our Affiliates’ strong long-term performance records — particularly in fundamental and relative value strategies — along with their business momentum in growing areas such as private markets, wealth management, and fixed income.
Positive Outlook
- Affiliates’ strong long-term performance records
- Business momentum in growing areas
- Investment in growth opportunities
- Advancing discussions with prospective Affiliates
- Commitment to returning excess capital to shareholders
Historical Earnings Impact
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Avg. Return Before/After Earnings
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