Affiliated Managers Group (NYSE:AMG) Announces Quarterly Earnings Results

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

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 Stock Up 3.5%

Affiliated Managers Group stock traded up $10.94 during midday trading on Thursday, hitting $319.03. 665,642 shares of the company were exchanged, compared to its average volume of 412,043. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30. Affiliated Managers Group has a fifty-two week low of $139.22 and a fifty-two week high of $333.99. The company’s fifty day moving average price is $299.21 and its 200-day moving average price is $259.14. The company has a market cap of $8.97 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 0.56 and a beta of 1.21.

Hedge Funds Weigh In On Affiliated Managers Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in shares of Affiliated Managers Group by 89.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 281 shares of the asset manager’s stock valued at $55,000 after purchasing an additional 133 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Affiliated Managers Group by 676.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 233 shares of the asset manager’s stock worth $67,000 after purchasing an additional 203 shares during the period. State of Wyoming bought a new position in shares of Affiliated Managers Group in the 2nd quarter worth about $73,000. Great Valley Advisor Group Inc. bought a new stake in shares of Affiliated Managers Group during the 4th quarter valued at about $266,000. Finally, Inceptionr LLC acquired a new stake in Affiliated Managers Group during the fourth quarter worth about $279,000. 95.30% of the stock is owned by hedge funds and other institutional investors.

Affiliated Managers Group News Summary

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 Analysts Forecast Growth

Several equities analysts have weighed in on the company. TD Cowen reissued a “buy” rating on shares of Affiliated Managers Group in a research report on Wednesday, January 14th. The Goldman Sachs Group lifted their price objective 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. Barrington Research boosted their target price on shares of Affiliated Managers Group from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Jefferies Financial Group reaffirmed a “buy” rating and set a $282.00 price target on shares of Affiliated Managers Group in a research note on Tuesday, November 4th. Finally, Zacks Research lowered shares of Affiliated Managers Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Affiliated Managers Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $340.50.

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.