Affiliated Managers Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 06, 2023 at 07:00 am EST
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Affiliated Managers Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 525.2 million compared to USD 578.6 million a year ago. Net income was USD 217 million compared to USD 112.6 million a year ago. Basic earnings per share from continuing operations was USD 6.22 compared to USD 2.95 a year ago. Diluted earnings per share from continuing operations was USD 5.48 compared to USD 2.8 a year ago.
For the nine months, sales was USD 1,555.2 million compared to USD 1,789.9 million a year ago. Net income was USD 476.8 million compared to USD 368 million a year ago. Basic earnings per share from continuing operations was USD 13.41 compared to USD 9.48 a year ago. Diluted earnings per share from continuing operations was USD 12.28 compared to USD 8.83 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. 
