Affiliated Managers Group (NYSE:AMG) Releases Quarterly Earnings Results, Beats Expectations By $0.71 EPS

Affiliated Managers Group (NYSE:AMG) announced its earnings results on Monday. The asset manager reported $9.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.79 by $0.71, FiscalAI reports. Affiliated Managers Group had a return on equity of 24.44% and a net margin of 34.96%. The business had revenue of $595.20 million for the quarter, compared to analysts’ expectations of $655.08 million. During the same period last year, the firm posted $6.10 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis.

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

• AMG reported record AUM of $974 billion and $21 billion of third-quarter net inflows, including a record more than $31 billion into alternatives. Alternative flows were led by private-market fundraising and liquid-alternative demand, while differentiated long-only equities saw $12 billion of outflows.
• Third-quarter Adjusted EBITDA rose 41% year over year to $354 million, and Economic earnings per share increased 56% to a quarterly record of $9.50. Year-to-date Economic EPS reached $26, with the company saying nearly 95% was driven by fee-related earnings.
• AMG repurchased approximately $400 million of shares in the quarter and raised its 2026 buyback outlook to more than $900 million, subject to market conditions and capital allocation activity. Management said repurchases, alongside investments in new and existing Affiliates, remain central to its capital-allocation strategy.
• For the fourth quarter, AMG guided to Adjusted EBITDA of $405 million to $475 million and Economic EPS of $11.37 to $13.43; the range includes $70 million to $130 million of net performance fees and assumes no material private-market catch-up fees. Management noted its market blend was down 2% quarter to date as of November 6.
• Management said alternatives are approaching 70% of earnings, up from less than 35% in 2019, and reiterated a long-term target of 15% to 20% annual Economic EPS growth. It expects 2026 growth to be approximately 50%, while emphasizing that this outlook depends on continued execution and capital allocation.

Affiliated Managers Group Stock Performance

NYSE:AMG opened at $397.28 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 1.24 and a debt-to-equity ratio of 0.86. The company’s 50-day moving average price is $372.60 and its 200-day moving average price is $334.52. The company has a market cap of $10.27 billion, a P/E ratio of 14.08, a P/E/G ratio of 0.49 and a beta of 1.05. Affiliated Managers Group has a twelve month low of $246.11 and a twelve month high of $407.05.

Affiliated Managers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, November 19th. Affiliated Managers Group’s dividend payout ratio (DPR) is 0.14%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AMG shares. Barrington Research set a $425.00 target price on shares of Affiliated Managers Group in a research report on Friday, July 31st. Zacks Research lowered shares of Affiliated Managers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. TD Cowen lifted their price target on Affiliated Managers Group from $523.00 to $583.00 and gave the company a “buy” rating in a report on Tuesday. Wall Street Zen cut Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 30th. Finally, Weiss Ratings raised Affiliated Managers Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Affiliated Managers Group has a consensus rating of “Moderate Buy” and a consensus price target of $453.25.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc. (NYSE: AMG) is a global asset management company that partners with independent investment firms. Founded in 1993, AMG provides its partner firms with strategic capital, distribution support and business resources while allowing them to retain substantial independence over their investment processes and operations. Through its partner firms, AMG offers a range of investment strategies and services, including alternative investments, equities, fixed income, private markets and wealth management.