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AMGAffiliated Managers Group, Inc.
$362.96$9.6B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
AMG logo

Affiliated Managers Group, Inc.

AMG
NYSE · Asset Managers & Custodians
$362.96
At close - Nov 6, 4:00 PM EST - USD
Market Cap$9.59B
P/E11.4x
52W High$400.13
Volume572.46K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Fee-Driven Earnings Inflection Masks GAAP EPS Volatility

AMG is undergoing a strategic shift toward alternative investments, evidenced by a 27.6% year-over-year increase in investment securities to $3.7B, which is driving revenue growth and margin expansion.

GrowthAccelerating
ProfitabilityStrong
ValuationExpensive
TechnicalsMixed
Explore valuation models
MARKET ACTION

AMG price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

11/12 Beats

EPS beat 11 of last 12 quarters

02

Valuation risk

-39% Peers

P/E is 39% below peer median

03

Market leadership

RS 78 · Avg

Average momentum (RS Rating: 78)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystConfirmed earnings · Nov 9

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
AMG+25.55%
S&P 500 (^GSPC)+7.63%
1-Year Return
AMG+40.14%
S&P 500 (^GSPC)+9.69%
3-Year Return
AMG+177.95%
S&P 500 (^GSPC)+75.57%
5-Year Return
AMG+95.99%
S&P 500 (^GSPC)+62.42%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
11.4x
Forward P/EExpansion
9.7x
EV/EBITDA100th %ile
13.0x
FCF YieldCash Flow
11.4%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
11.4x
12.2x
40th· Fair
EV/EBITDA
13.0x
11.1x
100th· High
Price/FCF
8.8x
7.4x
80th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$351.00-3.3%
Base (Fair)$412.90+13.9%
Bull$477.16+31.5%
$351.00 Bear$412.90 Base$477.16 Bull
Current Market Price: $362.96
Trades at a 12.1% discount to Base DCF ($412.90)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$2.31B+21.1% YoY
Net income FY25
$717M+40.1% YoY
Free cash flow FY25
$1B+8.2% YoY
Operating margin FY25
33.6%-3.4 pts YoY
ROIC (FY25)8.1%
Avg ROIC 5Y8.5%
ROE (TTM)19.7%
Piotroski Score8 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate11/12 (92%)
Revenue Beat Rate3/12 (25%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 29, 2026
$8.29+4.9%
vs $7.90
$641M+8.4%
vs $591M
Q2 2026
May 1, 2026
$8.23+1.6%
vs $8.10
$545M+0.2%
vs $544M
Q1 2026
Feb 12, 2026
$9.48+8.3%
vs $8.75
$557M-3.8%
vs $579M
Q4 2025
Nov 3, 2025
$6.10+4.6%
vs $5.83
$528M-8.7%
vs $579M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Zacks Investment Research·2d ago
Affiliated Managers Group (AMG) is a Top-Ranked Value Stock: Should You Buy?

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Zacks Investment Research·4d ago
Affiliated Managers Q3 Earnings Coming Up: Here's What You Should Know

AMG heads into Q3 earnings with estimates pointing to strong profit and revenue growth, a positive Earnings ESP and a history of earnings beats.

Defense World·4d ago
Affiliated Managers Group, Inc. $AMG Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its holdings in Affiliated Managers Group, Inc. (NYSE: AMG) by 735.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,846 shares of the asset manager's stock after purchasing an additional 4,266 shares during the

GlobeNewsWire·5d ago
AMG to Announce Third Quarter Results on November 9, 2026

Conference Call Scheduled for 8:30 a.m. Eastern Time JUPITER, Fla.

Filtered for Affiliated Managers Group, Inc.More Headlines
04

Compare before deciding

Benchmark AMG against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Affiliated Managers Group, Inc. (AMG)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
AMG logoAMGAffiliated Managers Group, Inc.Current
$362.96$9.59B11.4021.05%35.95%19.67%0.01%
BEN logoBENFranklin Resources, Inc.
$33.73$17.53B19.533.52%9.65%6.35%3.93%
IVZ logoIVZInvesco Ltd.
$27.08$12B-155.724.75%-1.12%-0.59%3.07%
VRTS logoVRTSVirtus Investment Partners, Inc.
$127.35$850.97M7.26-7.13%17.36%11.02%7.32%
CNNE logoCNNECannae Holdings, Inc.
$17.69$777.31M-4.94-6.39%-38.18%-15.57%3.05%
BLK logoBLKBlackRock, Inc.
$1178.87$182.72B28.0618.32%24.32%10.75%1.76%

Compare AMG vs Peers

Affiliated Managers Group, Inc. (AMG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BEN

Most directly comparable listed peer for AMG.

Scale Benchmark

vs MS

Larger-name benchmark to compare AMG against a more recognizable public peer.

Peer Set

Compare Top 5

vs BEN, IVZ, VRTS, CNNE

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

AMG SEC Filings & Documents

Affiliated Managers Group, Inc. (AMG) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 30, 2026·SEC

Material company update

Jun 9, 2026·SEC

Material company update

May 28, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 14, 2025·SEC

FY 2024

Feb 16, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 7, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

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AMG Frequently Asked Questions

Affiliated Managers Group, Inc. (AMG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Affiliated Managers Group, Inc. growing?

Affiliated Managers Group, Inc. (AMG) grew revenue by 25.9% over the trailing twelve months, compared with the twelve months before.

Is AMG profitable?

Yes. Affiliated Managers Group, Inc. (AMG) earned $856.3M in net income over the trailing twelve months (a 36.0% net margin).

Dividend & Returns
Does AMG pay dividends?

Affiliated Managers Group, Inc. (AMG) does not currently pay a meaningful dividend.

What is AMG's return on equity?

Affiliated Managers Group, Inc. (AMG) had a return on equity (ROE) of 19.7% over the trailing twelve months. That is above the market's typical 10-15%.

Industry Metrics
What is Affiliated Managers Group, Inc.'s net interest margin?

Affiliated Managers Group, Inc. (AMG) has a net interest margin (NIM) of -0.6%. NIM has been under pressure due to interest rate environment.

What is Affiliated Managers Group, Inc.'s efficiency ratio?

Affiliated Managers Group, Inc. (AMG) has an efficiency ratio of 57.5%. This is reasonable for a bank.

What if you invested $1,000 in AMG back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →