Affiliated Managers Reports Q4 EPS Beat

Affiliated Managers Group reported early Monday Q4 adjusted EPS of $3.80 per share compared with an income of $3.59 per share a year ago, beating the $3.70 average EPS estimate from analysts polled by Capital IQ.

The company said in a statement sales dropped to $550.3 million from $589.8 million a year ago, coming in below the $566.5 million consensus.

The company is confident in its “ability to continue to generate meaningful earnings growth through accretive investments, while also consistently returning capital to shareholders through share repurchases, and now a dividend,” Sean Healey, the CEO of AMG, said.

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