Affiliated Managers Group (NYSE:AMG) Posts Earnings Results, Beats Expectations By $0.79 EPS

Affiliated Managers Group (NYSE:AMG) announced its quarterly earnings results on Thursday. The asset manager reported $9.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.69 by $0.79, FiscalAI reports. Affiliated Managers Group had a return on equity of 16.75% and a net margin of 26.01%.During the same period in the prior year, the business posted $6.53 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis.

Here are the key takeaways from Affiliated Managers Group’s conference call:

• AMG delivered record 2025 results with full‑year economic EPS of $26.05 (up 22% YoY) and Q4 economic EPS of $9.48 (up 45% YoY), supported by ~$29 billion in annual net client cash flows.
• The company accelerated its strategic pivot into alternatives — affiliates now manage $373 billion of alternative AUM (a large part of a ~35% increase in alternatives) and alternatives contribute roughly 60% of run‑rate EBITDA.
• Disciplined capital allocation: AMG repurchased ~$700 million of stock in 2025 (~11% of shares), committed >$1 billion to new investments, realized substantial liquidity proceeds from affiliate sales, and simplified its balance sheet by settling convertible preferreds.
• 2026 starting outlook includes Q1 Adjusted EBITDA guidance of $310–$330 million (with Q1 economic EPS of $7.98–$8.52), fee‑related earnings expected to be up ~30% vs Q1 2025, and management targets ~$170 million in 2026 net performance fees (in line with its five‑year average).

Affiliated Managers Group Price Performance

NYSE AMG traded up $10.94 on Thursday, reaching $319.03. 665,642 shares of the stock traded hands, compared to its average volume of 412,043. Affiliated Managers Group has a 12 month low of $139.22 and a 12 month high of $333.99. The company has a market cap of $8.97 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 0.56 and a beta of 1.21. The firm’s fifty day simple moving average is $299.21 and its 200 day simple moving average is $259.14. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.56.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its holdings in Affiliated Managers Group by 2.1% in the 3rd quarter. Quadrant Capital Group LLC now owns 3,174 shares of the asset manager’s stock valued at $757,000 after acquiring an additional 64 shares during the last quarter. Glenmede Investment Management LP lifted its stake in Affiliated Managers Group by 3.9% during the third quarter. Glenmede Investment Management LP now owns 1,792 shares of the asset manager’s stock valued at $427,000 after purchasing an additional 67 shares during the last quarter. Cerity Partners LLC boosted its holdings in Affiliated Managers Group by 1.6% during the second quarter. Cerity Partners LLC now owns 5,735 shares of the asset manager’s stock worth $1,129,000 after buying an additional 90 shares in the last quarter. American Century Companies Inc. grew its position in Affiliated Managers Group by 1.2% in the second quarter. American Century Companies Inc. now owns 8,552 shares of the asset manager’s stock worth $1,683,000 after buying an additional 104 shares during the last quarter. Finally, Mariner LLC increased its holdings in shares of Affiliated Managers Group by 2.3% in the third quarter. Mariner LLC now owns 4,924 shares of the asset manager’s stock valued at $1,174,000 after buying an additional 111 shares in the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

Affiliated Managers Group News Roundup

Here are the key news stories impacting Affiliated Managers Group this week:

• Positive Sentiment: Q4 beat and AUM/revenue growth — AMG reported Q4 economic EPS of $9.48 (well above consensus), revenue +6.2% year‑over‑year and AUM up 14.9%; management also unveiled a new share buyback program, a clear capital‑return catalyst. Read More.
• Positive Sentiment: Sharp EPS beat — reported EPS of $9.48 topped Zacks/Street estimates (consensus ~ $8.69–$8.75) and is up substantially versus prior year, supporting valuation and near‑term earnings momentum. Read More.
• Positive Sentiment: Strategic inorganic moves expand alternatives/private markets exposure — AMG announced a minority investment in HighBrook (real estate) and increased its stake in Garda Capital Partners (liquid alternatives), deepening access to fee‑rich, growth segments. Read More.
• Positive Sentiment: Further confirmation of strong results and capital metrics — company press release shows higher diluted and economic EPS for the quarter and full year, reinforcing profitability metrics that support buybacks and valuation. Read More.
• Positive Sentiment: Lower short interest — January short interest fell ~38.5% (to ~444,676 shares), reducing short pressure and the likelihood of bearish squeezes; supports cleaner technical picture. (Data reported 2/10)
• Neutral Sentiment: Supporting materials and calls available — MarketBeat and company slide deck/transcript are posted for the conference call; useful for detail but less likely to move the stock than the headline beat and buyback news. Read More.
• Neutral Sentiment: Analyst previews and coverage — several previews and post‑earnings writeups (Investing.com, local outlets) provide context for estimates and sentiment trends but reiterate the same drivers above. Read More.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AMG. The Goldman Sachs Group increased their target price on Affiliated Managers Group from $300.00 to $341.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. TD Cowen reaffirmed a “buy” rating on shares of Affiliated Managers Group in a report on Wednesday, January 14th. Wall Street Zen raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Jefferies Financial Group restated a “buy” rating and issued a $282.00 target price on shares of Affiliated Managers Group in a research report on Tuesday, November 4th. Finally, UBS Group set a $295.00 price target on shares of Affiliated Managers Group in a research note on Tuesday, November 4th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Affiliated Managers Group currently has a consensus rating of “Moderate Buy” and an average target price of $340.50.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc (NYSE: AMG) is a global asset management holding company that partners with boutique investment firms. Founded in 1993 and headquartered in West Palm Beach, Florida, AMG invests in and collaborates with independent investment managers to foster growth while preserving their entrepreneurial culture. Through equity stakes and strategic support, the company aims to enhance its affiliates’ distribution capabilities, operational infrastructure and access to capital.

The company’s core business activities include providing capital solutions, distribution services and operational support to affiliated investment firms.