Affiliated Managers Group (AMG) Tops Q1 EPS by 18c, Revenues Beat

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Go back to Affiliated Managers Group (AMG) Tops Q1 EPS by 18c, Revenues Beat

AMG Reports Financial and Operating Results for the First Quarter of 2020

April 27, 2020 7:03 AM EDT

Continue to address the impact of the COVID-19 pandemic on AMG's Affiliates, business, employees, and surrounding communities including supporting the relief efforts of local healthcare systemsOngoing execution of long-term growth strategy during the quarter: completed partnership with Comvest Capital Partners and announced strategic relationship with iCapitalCapitalized on balance sheet strength and flexibility: repurchased $70 million in common stock in Q1 and plan to reallocate $50 million of capital toward share repurchases, in lieu of dividend payments, over the balance of 2020      

WEST PALM BEACH, Fla., April 27, 2020 (GLOBE... More