Affiliated Managers Group (NYSE:AMG) Posts Earnings Results, Beats Expectations By $0.39 EPS

Affiliated Managers Group (NYSE:AMG) announced its quarterly earnings results on Thursday. The asset manager reported $8.29 EPS for the quarter, beating the consensus estimate of $7.90 by $0.39, FiscalAI reports. Affiliated Managers Group had a return on equity of 20.17% and a net margin of 35.55%.The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $5.39 earnings per share.

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

• Record Q2 results: Adjusted EBITDA rose 44% year over year to approximately $316 million, while economic earnings per share increased 54% to $8.29. Assets under management reached a record $942 billion.
• Alternative strategies generated record net inflows of $29 billion in the quarter and approximately $100 billion over the past 12 months, led by private-market secondaries, infrastructure, liquid alternatives, and tax-aware strategies. Alternatives now represent more than 60% of AMG’s earnings, with management expecting that share to approach 70% relatively soon.
• Management raised expectations for continued earnings momentum, guiding to Q3 adjusted EBITDA of $315 million-$325 million and economic EPS of $8.43-$8.71, implying roughly 40% year-over-year EPS growth at the midpoint. AMG expects approximately 40% EPS growth for full-year 2026.
• AMG repurchased approximately $189 million of shares in Q2 and expects about $600 million of repurchases for the full year, while maintaining a strong balance sheet and roughly $1 billion of annual after-tax cash flow. The company also reported an expanding pipeline of potential affiliate investments in private markets and liquid alternatives.
• Differentiated long-only equity strategies experienced $14 billion of net outflows in Q2, while multi-asset and fixed income had $2 billion of outflows. Management expects improvement over time, but acknowledged continued industry, performance, and seasonal headwinds.

Affiliated Managers Group Price Performance

Shares of AMG traded up $7.10 on Thursday, hitting $367.17. The company’s stock had a trading volume of 267,681 shares, compared to its average volume of 363,853. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market capitalization of $9.70 billion, a PE ratio of 14.85, a PEG ratio of 0.57 and a beta of 1.12. The company has a 50 day moving average price of $343.28 and a 200 day moving average price of $314.19. Affiliated Managers Group has a fifty-two week low of $200.00 and a fifty-two week high of $382.75.

Affiliated Managers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend was Monday, May 11th. Affiliated Managers Group’s dividend payout ratio is currently 0.16%.

Insider Transactions at Affiliated Managers Group

In related news, Director Annette Franqui purchased 750 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were acquired at an average cost of $304.88 per share, with a total value of $228,660.00. Following the completion of the purchase, the director directly owned 1,962 shares of the company’s stock, valued at $598,174.56. This trade represents a 61.88% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jay C. Horgen sold 17,500 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $338.27, for a total value of $5,919,725.00. Following the completion of the transaction, the chief executive officer owned 204,706 shares in the company, valued at $69,245,898.62. The trade was a 7.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 21,902 shares of company stock worth $7,257,719. Corporate insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Affiliated Managers Group

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in shares of Affiliated Managers Group by 1.3% in the first quarter. Goldman Sachs Group Inc. now owns 113,353 shares of the asset manager’s stock valued at $19,047,000 after buying an additional 1,428 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Affiliated Managers Group by 4.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 141,733 shares of the asset manager’s stock worth $23,815,000 after acquiring an additional 6,262 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Affiliated Managers Group during the 1st quarter worth approximately $1,947,000. American Century Companies Inc. grew its stake in shares of 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 valued at $1,683,000 after buying an additional 104 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Affiliated Managers Group by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 281 shares of the asset manager’s stock worth $55,000 after purchasing an additional 133 shares during the last quarter. 95.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMG has been the subject of several analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $405.00 price objective on shares of Affiliated Managers Group in a research note on Monday, May 4th. TD Cowen restated a “buy” rating and issued a $454.00 target price on shares of Affiliated Managers Group in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $400.00 target price on shares of Affiliated Managers Group in a research report on Monday, May 4th. Barrington Research restated an “outperform” rating and issued a $365.00 price objective on shares of Affiliated Managers Group in a research note on Monday, April 27th. Finally, Wall Street Zen raised Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Sunday, June 28th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $362.29.

More Affiliated Managers Group News

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

• Positive Sentiment: AMG reported second-quarter economic EPS of $8.29, up from $5.39 a year earlier and above analyst estimates ranging from $7.85 to $7.90. GAAP diluted EPS was $6.95. AMG Reports Financial and Operating Results for the Second Quarter and First Half of 2026
• Positive Sentiment: Record AUM and higher revenues helped offset rising expenses, while strong alternative-strategy inflows provided evidence of continued demand for AMG’s affiliated investment managers. Affiliated Managers’ Q2 Earnings Beat on Higher Revenues and Record AUM
• Positive Sentiment: The company had raised its second-quarter adjusted EBITDA and revenue guidance before reporting results, reinforcing investor confidence in operating momentum. Affiliated Managers Is Up After Raising Q2 Guidance
• Neutral Sentiment: Reported revenue was approximately $493.2 million. Although coverage described revenue growth and higher revenue as a positive, one estimate comparison characterized the figure as below consensus, making the revenue signal less uniformly favorable than the EPS result. AMG Non-GAAP EPS Beats, Revenue Misses
• Neutral Sentiment: AMG’s shares are trading near their 12-month high after a strong advance, which reflects optimism but may also increase sensitivity to any future earnings or guidance disappointment.

About Affiliated Managers Group

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.