- Affiliated Managers Group's 1Q 2021 financial performance was in line with market expectations, with its non-GAAP earnings per share up 35% YoY driven by performance fees and share buybacks.
- The company has struck a good balance between returning excess capital to shareholders and allocating sufficient capital to new investments.
- An improvement in client outflows and continued share buybacks should help support Affiliated Managers Group's positive double-digit revenue and earnings growth expectations this year.
- The market currently values Affiliated Managers Group at consensus forward FY 2021 and FY 2022 P/E multiples of 10.5 times and 9.5 times, respectively.
For further details see:
Affiliated Managers Group: Positive On Client Flows And Buybacks