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

Affiliated Managers Group (NYSE:AMG) announced its earnings results on Thursday. The asset manager reported $9.48 EPS for the quarter, beating 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%.The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $6.53 EPS.

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 Trading Up 6.3%

Shares of Affiliated Managers Group stock traded up $19.52 during midday trading on Thursday, reaching $327.61. 740,340 shares of the company’s stock traded hands, compared to its average volume of 413,726. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a 50 day moving average of $299.21 and a 200-day moving average of $259.14. The company has a market cap of $9.22 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 0.56 and a beta of 1.21. Affiliated Managers Group has a 12 month low of $139.22 and a 12 month high of $333.99.

Institutional Investors Weigh In On Affiliated Managers Group

Institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its stake in Affiliated Managers Group by 676.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 233 shares of the asset manager’s stock valued at $67,000 after purchasing an additional 203 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Affiliated Managers Group by 89.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 281 shares of the asset manager’s stock worth $55,000 after buying an additional 133 shares during the last quarter. State of Wyoming purchased a new stake in shares of Affiliated Managers Group during the 2nd quarter valued at about $73,000. Great Valley Advisor Group Inc. purchased a new position in shares of Affiliated Managers Group in the fourth quarter worth approximately $266,000. Finally, Inceptionr LLC purchased a new position in Affiliated Managers Group in the 4th quarter worth approximately $279,000. Institutional investors own 95.30% of the company’s stock.

Key Headlines Impacting Affiliated Managers Group

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.

Analysts Set New Price Targets

A number of research firms have issued reports on AMG. The Goldman Sachs Group lifted their price target on Affiliated Managers Group from $300.00 to $341.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Zacks Research lowered shares of Affiliated Managers Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Wall Street Zen upgraded shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Barrington Research lifted their price objective on Affiliated Managers Group from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Affiliated Managers Group in a research note on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Affiliated Managers Group 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.