Company Information

  

Address: 777 SOUTH FLAGLER DRIVE
SUITE 1201 EAST TOWER 
City: WEST PALM BEACH 
State: FL 
Zip Code: 33401 
Telephone: (800) 345-1100 

Description of Business

Primary SIC Code: 6282
(As filed with the SEC)  

We are a global asset management company with equity investments in a diverse group of boutique investment management firms (our "Affiliates"). We pursue a growth strategy designed to generate shareholder value through the internal growth of our existing business, additional investments in boutique investment management firms and strategic transactions and relationships structured to enhance our Affiliates' businesses and growth prospects. We hold meaningful equity interests in each of our Affiliates. The remaining equity interests are retained by management of the Affiliate and enable Affiliate management to continue to participate in their firm's success. Our investment approach provides a degree of liquidity and diversification to principal owners of boutique investment management firms, and also addresses the succession and ownership transition issues facing many founders and principal owners.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
09/20178.370.20022.68
06/20177.230.20022.94
03/20177.930.20020.67
12/20167.700.20018.87
09/20168.65NA16.73
06/20169.97NA14.12
03/20169.64NA16.85
12/20159.28NA17.22

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.69Total Liab/Total Assets0.51
Net Inc/Total Assets0.05Total Liab/Inv Cap0.51
Net Inc/Inv Cap0.05Total Liab/Comm Equity6.48
Pretax Inc/Net Sales0.46Interest Coverage Ratio11.45
Net Inc/Net Sales0.23Curr Debt/EquityNA
Cash Flow/Net Sales0.49LTD/Equity0.58
SG&A/NetSales0.65Total Debt/Equity0.58
Asset Utilization   Liquidity  
Net Receivables Turnover5.43Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E19.09  

Income Statement (Millions)

  9/30/2017 6/30/2017 3/31/2017 12/31/2016
Total Revenues(Net Sales) 563.60 546.20 521.60 523.30
Cost of Goods Sold NA NA NA NA
Selling & Admin Exps 340.90 343.10 340.60 344.10
Operating Income 196.70 176.20 153.90 146.70
Interest Exp 22.10 24.70 22.70 27.10
Pretax Income 282.90 266.90 253.30 281.90
Other Income 15.50 15.70 13.50 7.10
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 125.40 126.30 122.50 150.30

Balance Sheet (Millions)

Assets 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Cash & Short Term Investments 374.70 364.60 293.60 430.80
Receivables - Total 487.40 440.30 449.00 383.30
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 111.70 109.70 109.10 110.10
Total Assets 8,701.40 8,632.30 8,590.10 8,749.10
Liabilities        
Accounts Payable NA NA NA NA
Debt in Current Liabilities NA NA NA NA
Total Current Liabilities NA NA NA NA
Long-Term Debt 1,913.60 2,032.40 2,026.00 2,109.60
Total Liabilities 4,269.30 4,301.70 4,271.70 4,456.00
Stockholder's Equity        
Minority Interest 776.80 770.40 784.10 806.90
Preferred Stock NA NA NA NA
Common Stock 0.60 0.60 0.60 0.60
Retained Earnings 3,394.40 3,280.30 3,165.40 3,054.40
Treasury Stock -566.10 -498.80 -397.60 -386.00
Total Stockholders' Equity 3,627.50 3,600.00 3,584.90 3,619.60
Total Liabilities and Stockholders' Equity 7,896.80 7,901.70 7,856.60 8,075.60

Cash Flow Summary (Millions)

Categories 9/30/2017 6/30/2017 3/31/2017 12/31/2016
Net Cash Provided by Operating Activities 356.50 321.90 122.10 343.10
Net Cash Provided by Investing Activities 3.90 -15.30 16.30 -463.50
Net Cash Provided by Financing Activities -354.30 -239.80 -277.40 164.30

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20121,748.60174.003.28
12/20132,069.80360.506.55
12/20142,404.20433.908.01
12/20152,435.90509.509.28
12/20162,101.30472.807.70
Growth Rates4.7028.3923.78

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/1753154,52298.09




Report Date : 12/11/2017

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