- Affiliated Managers Group (NYSE:AMG) rises 2.8% after Q4 economic EPS beats the consensus estimate and its board increases its share repurchase authorization to 5M shares and boosts dividend by 6.7%.
- Q4 economic EPS of $3.53 vs. estimate of $3.51; compares with $4.68 in the year-ago period.
- Q4 net client cash outflows were $15.8B and market changes reduced assets under management by $67.5B during the quarter; AUM of $736B at Dec. 31, 2018 vs. $829.6B at Sept. 30, 2018.
- Q4 adjusted EBITDA of $191.3M vs. $361.3M a year ago.
- Q4 aggregate fees of $1.2B slips from $1.7B in the year-ago period.
- Previously: Affiliated Managers declares $0.32 dividend (Feb. 4)
Affiliated Managers +2.8% after share buyback, dividend boost
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Symbol | Last Price | % Chg |
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AMG | - | - |
Affiliated Managers Group, Inc. |