Affiliated Managers Group Repurchased About $375 Million of Stock in 6 Months
Affiliated Managers Group (AMG) stock has risen 62% over the past year. The company repurchased $189 million in shares in Q2, totaling $375 million in 2024. AMG plans to buy back $600 million in shares this year. It reported $641 million in Q2 revenue and $237 million in net income, with $942 billion in assets under management. AMG anticipates Q3 adjusted EBITDA of $315-325 million and economic EPS of $8.43-$8.71.


