Stock Monitor: Franklin Resources Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 07, 2018 / Active-Investors.com has just released a free earnings report on Affiliated Managers Group, Inc. (NYSE: AMG) ("AMG"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=AMG. Affiliated Managers Group reported its fourth quarter and fiscal 2017 operating and financial results on January 29, 2018. The asset manager reported better than expected earnings results. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Franklin Resources, Inc. (NYSE: BEN), which also belongs to the Financial sector as the Company Affiliated Managers Group. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Affiliated Managers Group most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=AMG

Earnings Highlights and Summary

For the three months ended December 31, 2017, AMG reported revenues of $604.1 million, up 10% compared to revenue of $550.3 million in Q4 2016. The Company's reported numbers fell short of analysts' estimates of $607.5 million.

For the full year (FY) 2017, AMG generated revenue of $2.31 billion compared to revenue of $2.19 billion in FY16.

For Q4 2017, AMG's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) was $361.3 million compared to $289.7 million Q4 2016. The Company's Aggregate fees (consisting of the total asset- and performance-based fees of all Affiliates) were $1.69 billion in the reported quarter compared to $1.30 billion for the year earlier corresponding quarter.

AMG reported net income of $315.4 million, or $5.50 per diluted share, in Q4 2017 compared to net income of $150.2 million, or $2.67 per diluted share, in Q4 2016. The Company's reported quarter Economic net income (excluding the impact of recent changes in US tax law) was $261.3 million, or $4.68 per share, compared to $211.2 million, or $3.80 per share, in the year earlier same quarter. AMG's earnings beat Wall Street's estimates of $4.55 per share.

For FY17, AMG's net income was $689.5 million, or $12.03 per diluted share, compared to $472.8 million, or $8.57 per diluted share, in FY16. The Company's Economic net income was $824.4 million, or $14.60 per share, compared to $703.6 million, or $12.84 per share, for FY16. For FY17, AMG's aggregate fees were $5.5 billion compared to $4.3 billion for 2016.

Cash Matters

AMG's net client cash flows were $1.0 billion for Q4 2017 and were $4.7 billion for FY17. The Company's aggregate assets under management surged 21% to a record $836 billion at December 31, 2017, compared to $688.7 billion as on December 31, 2016, driven by the long-term investment outperformance of AMG's alpha-generating Affiliates and the strong execution of the Company's growth strategy.

On January 29, 2018, AMG announced cash dividend of $0.30 per common share, representing an increase of 50% over the prior level, payable February 23, 2018, to stockholders of record as of the close of business on February 08, 2018.

AMG's Board of Directors increased the Company's share repurchase authorization to a total of five million shares. During Q4 2017, AMG repurchased approximately 718,000 shares, while for FY17, the Company repurchased approximately 2.4 million shares.

Stock Performance Snapshot

February 06, 2018 - At Tuesday's closing bell, Affiliated Managers Group's stock rose 1.17%, ending the trading session at $190.70.

Volume traded for the day: 689.98 thousand shares, which was above the 3-month average volume of 316.80 thousand shares.

Stock performance in the last three-month ? up 2.89%; previous six-month period ? up 5.57%; and past twelve-month period ? up 20.96%

After yesterday's close, Affiliated Managers Group's market cap was at $10.85 billion.

Price to Earnings (P/E) ratio was at 15.79.

The stock has a dividend yield of 0.63%.

The stock is part of the Financial sector, categorized under the Asset Management industry. This sector was up 1.5% at the end of the session.

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