Latest news with #AffiliatedManagersGroup
Washington Post
08-05-2025
- Business
- Washington Post
Affiliated Managers: Q1 Earnings Snapshot
WEST PALM BEACH, Fla. — WEST PALM BEACH, Fla. — Affiliated Managers Group Inc. (AMG) on Thursday reported first-quarter net income of $72.4 million. The West Palm Beach, Florida-based company said it had profit of $2.20 per share. Earnings, adjusted for non-recurring costs, came to $5.20 per share. The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $5.10 per share.
Wall Street Journal
07-05-2025
- Business
- Wall Street Journal
TPG to Buy Wireless Tower Investor Peppertree Capital Management as AMG Exits
TPG, which has $246 billion of assets under management, said digital infrastructure investment firm Peppertree Capital Management has $7.7 billion in assets under management. Photo: brendan mcdermid/Reuters TPG agreed to buy Peppertree Capital Management, a digital infrastructure investment firm with a focus on wireless communications towers, with investor Affiliated Managers Group agreeing to sell its Peppertree stake as part of the deal. TPG said Tuesday the deal is expected to include up to $242 million in cash and $418 million in equity payable at closing, subject to adjustments. The transaction also includes potential earnouts of up to $300 million.
Yahoo
29-04-2025
- Business
- Yahoo
Affiliated Managers Group, Inc. (AMG): Among the Best Stocks to Buy According to John W. Rogers of Ariel Investments
We recently compiled a list of the 10 Best Stocks to Buy According to John W. Rogers of Ariel Investments. In this article, we are going to take a look at where Affiliated Managers Group, Inc. (NYSE:AMG) stands against John W. Rogers' other stock picks. John W. Rogers Jr. is a prominent American investor and hedge fund manager who serves as the chairman, CEO, and CIO of . Rogers graduated from Princeton University in 1980 and spent two and a half years as a stock broker at William Blair. Three years later, he founded Ariel Investments, the first Black-owned mutual fund company in the United States, with $200,000 supported by family and friends. Howard University would be Ariel Investments' initial customer, with the firm receiving $100,000 to manage its endowment. The next year, the city of Chicago granted Ariel $1 million to operate a pension plan. By 2009, Ariel Investments was managing $3.3 billion in assets, which has since increased to a staggering $12.9 billion. Notably, the investor's flagship Ariel Fund's faced one of its first hurdles back on October 19, 1987, the day of the crash known as Black Monday. The next major test came after the dot-com crisis in 2000, with the Ariel Fund rebounding strongly, returning 29% that year and 14% in 2001. During the 2008 financial crisis, Rogers' investments in equities, such as real estate investment firm CBRE Group and newspaper publisher Gannett, caused the fund to lose 48% before returning 63% in 2009. Rogers appreciates patience as he looks for companies that he believes will reach their full potential in a set period of years. This strategy of scooping up value stocks, pioneered by famed investors Warren Buffett and Benjamin Graham, involves buying stocks whose worth may be undervalued by the market. Speaking on a Bloomberg Invest Conference, the investor stated that market enthusiasts might get overly focused on short-term trends, and those prepared to look three or five years ahead may still uncover opportunities. Ariel Investments remains steadfast in its belief of value investing, even within the current market climate. This confidence in its strategy was reaffirmed in the fund's Q1 2025 Investor Letter. Here is what Ariel Fund had to say: Most major U.S. indices ended the first quarter of 2025 in the red, with investors fleeing to safety as optimism for another year of U.S. outperformance driven by economic momentum and the new administration's pro-business stance was quickly replaced by tariff fears and policy uncertainty. The Magnificent Seven, which drove most of the markets gains over the last three years, led the decline, falling nearly -15%. Value bested growth and large caps held up better than their small cap brethren. International equity markets, led by Europe and China, surged—delivering their strongest quarterly outperformance versus the U.S. in 15 years. Meanwhile, deteriorating confidence and apprehension about a global trade war is fueling recession fears. While Wall Street sits on edge and markets remain erratic, we are actively leaning into the volatility by judiciously acquiring the downtrodden shares of quality companies whose value should be realized over the long term. For this list, we picked stocks from Ariel Investments' 13F portfolio as of the end of the fourth quarter of 2024. These equities are also popular among elite hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). An expert investment advisor consulting a high net worth individual in a modern office. Affiliated Managers Group, Inc. (NYSE:AMG) is an investment management firm that offers investment management services to mutual funds, institutional clients, retails, and high-net-worth individuals in the United States through partnerships with high-quality independent partner-owned firms, known as 'Affiliates'. Affiliated Managers Group, Inc. (NYSE:AMG) announced fourth-quarter 2024 earnings of $6.86 per share, exceeding consensus projections of $6.02. However, the company's revenue fell short of expectations, totaling $502.7 million compared to the expected $531.53 million. In a separate strategic move, AMG expanded its $500 million Equity Distribution Program, allowing the company to sell shares through several financial institutions. Affiliated Managers Group, Inc. (NYSE:AMG) recently agreed to acquire a minority share in Verition Fund Management, one of the fastest-growing hedge funds. As a result of the sale, AMG plans to diversify its portfolio in alternative investments, although it will not be involved in making investment choices for the hedge fund. Horos Asset Management stated the following regarding Affiliated Managers Group, Inc. (NYSE:AMG) in its Q3 2024 investor letter: 'This quarter, we reduced our stake in Affiliated Managers Group, Inc. (NYSE:AMG), a U.S.-based company that invests in other asset management firms, following its strong performance and its relatively lower attractiveness compared to new alternatives added to the portfolio.' Overall AMG ranks 4th on our list of John W. Rogers' stock picks. While we acknowledge the potential for AMG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than AMG but trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
29-01-2025
- Business
- Yahoo
Yacktman Asset Management Significantly Reduces Booking Holdings Inc. Position
Yacktman Asset Management (Trades, Portfolio) recently submitted its 13F filing for the fourth quarter of 2024, revealing strategic adjustments in its investment portfolio. Based in Austin, Texas, Yacktman Asset Management (Trades, Portfolio) is renowned for its value equity investing approach. The firm emphasizes an objective, patient, and diligent investment strategy, aiming to achieve superior returns over a full market cycle. The firm is led by a team of partners, including Chief Investment Officer Stephen Yacktman, and maintains operational autonomy despite being an affiliate of Affiliated Managers Group, Inc. (AMG). Yacktman Asset Management (Trades, Portfolio) focuses on acquiring securities that offer an attractive rate of return relative to their risk, employing a generalist approach where analysts cover the entire investment universe. The firm prioritizes companies with good business models, shareholder-oriented management, and low purchase prices. Yacktman Asset Management (Trades, Portfolio) increased its stakes in a total of four stocks during the quarter. Notably, the firm added 168,723 shares of EOG Resources Inc (NYSE:EOG), bringing the total to 1,807,065 shares. This adjustment represents a significant 10.3% increase in share count, impacting the portfolio by 0.24% with a total value of $221,510,030. Additionally, the firm increased its position in ConocoPhillips (NYSE:COP) by 199,710 shares, totaling 1,883,942 shares. This represents an 11.86% increase in share count, with a total value of $186,830,530. Yacktman Asset Management (Trades, Portfolio) also reduced its position in 54 stocks, with the most significant changes including: Booking Holdings Inc (NASDAQ:BKNG) was reduced by 32,816 shares, resulting in a -93.83% decrease in shares and a -1.42% impact on the portfolio. The stock traded at an average price of $4,816.41 during the quarter and has returned 7.15% over the past three months and -4.67% year-to-date. Bank of New York Mellon Corp (NYSE:BK) was reduced by 1,533,754 shares, resulting in a -55.83% reduction in shares and a -1.13% impact on the portfolio. The stock traded at an average price of $77.39 during the quarter and has returned 14.56% over the past three months and 14.16% year-to-date. As of the fourth quarter of 2024, Yacktman Asset Management (Trades, Portfolio)'s portfolio comprised 71 stocks. The top holdings included 10.44% in Canadian Natural Resources Ltd (NYSE:CNQ), 6% in Microsoft Corp (NASDAQ:MSFT), 4.63% in U-Haul Holding Co (NYSE:UHAL.B), 4.23% in Procter & Gamble Co (NYSE:PG), and 4.22% in Charles Schwab Corp (NYSE:SCHW). The holdings are primarily concentrated in 10 of the 11 industries, including Consumer Defensive, Energy, Communication Services, Financial Services, Industrials, Technology, Healthcare, Basic Materials, Consumer Cyclical, and Utilities. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Sign in to access your portfolio
