AMG's Q4 2023 results reflect a disciplined execution of their strategy, including capital allocation to high-growth areas. The company reported EPS of $5.15 and Economic EPS of $6.86. AMG continues to diversify its business with investments in secular growth areas, welcoming two new private markets Affiliates, Forbion and Ara Partners.
AMG reported Economic Earnings per share of $19.48 for 2023.
Completed investment in Ara Partners, enhancing exposure to industrial decarbonization.
Repurchased $574 million in common stock in 2023, including a $225 million accelerated share repurchase program.
AMG's private markets Affiliates manage approximately $115 billion in aggregate client assets.
AMG enters 2024 with significant momentum, increasing opportunities to invest for growth, and an excellent capital position.
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