Summary
Affiliated Managers Group, Inc. (AMG) reported no significant changes in its market risk disclosures for the quarter ending June 30, 2014, referring investors to its 2013 Form 10-K for details. The company's management, including the CEO and CFO, concluded that their disclosure controls and procedures are effective, providing reasonable assurance for timely and accurate financial reporting. No material changes were made to their internal control over financial reporting during the quarter. Furthermore, AMG reported no unregistered sales of equity securities and no share repurchases during the quarter. However, as of June 30, 2014, approximately 2.2 million shares remained available for repurchase under previously authorized programs, indicating potential future capital allocation decisions by management.
Financial Highlights
38 data points| SG&A Expenses | $122.80M |
| Operating Expenses | $437.90M |
| Operating Income | $198.40M |
| Interest Expense | $20.00M |
| Net Income | $99.10M |
| EPS (Basic) | $1.79 |
| EPS (Diluted) | $1.75 |
| Shares Outstanding (Basic) | 55.40M |
| Shares Outstanding (Diluted) | 56.60M |
Key Highlights
- 1No significant changes in market risk disclosures for Q2 2014.
- 2Disclosure controls and procedures were deemed effective by management, ensuring timely and accurate SEC reporting.
- 3No material changes occurred in internal control over financial reporting during the quarter.
- 4No unregistered sales of equity securities were made during the quarter.
- 5No share repurchases were executed in the three months ended June 30, 2014.
- 6Approximately 2.2 million shares remain available for repurchase under existing programs.