Affiliated Managers Group, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 05, 2024 at 05:37 pm IST
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Affiliated Managers Group, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 502.7 million compared to USD 539.6 million a year ago. Net income was USD 196.2 million compared to USD 777.8 million a year ago. Basic earnings per share from continuing operations was USD 5.83 compared to USD 20.75 a year ago. Diluted earnings per share from continuing operations was USD 5.15 compared to USD 17.4 a year ago.
For the full year, the company reported sales was USD 2,057.8 million compared to USD 2,329.6 million a year ago. Net income was USD 672.9 million compared to USD 1,145.9 million a year ago. Basic earnings per share from continuing operations was USD 19.18 compared to USD 29.77 a year ago. Diluted earnings per share from continuing operations was USD 17.42 compared to USD 25.35 a year ago.
Affiliated Managers Group, Inc. is a global independent investment management company. The Company is focused on investing in a range of partner-owned investment firms, known as Affiliates. Its Affiliates provide a diverse range of differentiated investment strategies designed to assist institutional and wealth clients worldwide in achieving their investment objectives. Its Affiliates also provide investment management and customized investment counseling and fiduciary services to high-net worth individuals and families and institutional clients. Its Affiliates distribute their investment services and products to institutional and wealth clients through direct sales and relationships with consultants and intermediaries around the world through their own business development capabilities. Its Affiliates manage assets for investors in more than 50 countries. It manages its assets across a range of private markets, liquid alternative and differentiated long-only investment strategies.
AFFILIATED MANAGERS GROUP, INC. 
