Affiliated Managers Group (NYSE:AMG) Posts Earnings Results, Beats Expectations By $0.73 EPS

Affiliated Managers Group (NYSE:AMG) posted its quarterly earnings data on Thursday. The asset manager reported $9.48 EPS for the quarter, beating analysts’ consensus estimates of $8.75 by $0.73, FiscalAI reports. Affiliated Managers Group had a return on equity of 16.75% and a net margin of 26.01%.The business had revenue of $556.60 million for the quarter, compared to analyst estimates of $578.54 million. During the same quarter last year, the company earned $6.53 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year.

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 6.6%

Shares of AMG opened at $328.43 on Friday. 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 is $300.35 and its two-hundred day moving average is $259.62. The firm has a market cap of $9.24 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 0.57 and a beta of 1.21. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.56.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in Affiliated Managers Group by 1.3% during the first quarter. Goldman Sachs Group Inc. now owns 113,353 shares of the asset manager’s stock worth $19,047,000 after acquiring an additional 1,428 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Affiliated Managers Group by 4.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 141,733 shares of the asset manager’s stock valued at $23,815,000 after purchasing an additional 6,262 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Affiliated Managers Group during the 1st quarter worth about $1,947,000. American Century Companies Inc. increased its position in Affiliated Managers Group by 1.2% during the 2nd quarter. American Century Companies Inc. now owns 8,552 shares of the asset manager’s stock worth $1,683,000 after purchasing an additional 104 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Affiliated Managers Group by 89.9% in the second quarter. EverSource Wealth Advisors LLC now owns 281 shares of the asset manager’s stock valued at $55,000 after buying an additional 133 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AMG. Barrington Research lifted their price target on shares of Affiliated Managers Group from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Affiliated Managers Group in a research report on Wednesday, January 21st. Zacks Research downgraded Affiliated Managers Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Jefferies Financial Group reissued 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, TD Cowen restated a “buy” rating on shares of Affiliated Managers Group in a report on Wednesday, January 14th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $340.50.

Affiliated Managers Group News Summary

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

• Positive Sentiment: Q4 earnings materially beat expectations — economic EPS of $9.48 (diluted EPS and other metrics also reported) and full‑year results showed strong profitability, which directly drove the market reaction. AMG Reports Financial and Operating Results for the Fourth Quarter and Full Year 2025
• Positive Sentiment: Assets under management accelerated — AUM rose ~15% year‑over‑year, helping revenue and fee income growth and signaling continued client demand, especially in higher‑fee strategies. AMG’s Q4 Earnings Beat as AUM & Revenues Rise, Partners With HighBrook
• Positive Sentiment: Company announced a new share buyback program — buybacks reduce share count and are a near‑term EPS tailwind, supporting investor sentiment. AMG’s Q4 Earnings Beat as AUM & Revenues Rise, Partners With HighBrook
• Positive Sentiment: Strategic investments expand alternatives and private‑market exposure — AMG increased its stake in Garda Capital Partners (liquid alternatives) and acquired a minority interest in HighBrook (real estate/private markets), diversifying fee mix toward higher‑growth, higher‑margin strategies. AMG Expands Its Partnership with Garda Capital Partners with Increased Investment
• Positive Sentiment: Management tone on the earnings call highlighted strength in alternatives and ongoing partner-level performance, reinforcing the narrative that AMG’s affiliate model is delivering. Affiliated Managers Group Signals Strength in Alternatives
• Neutral Sentiment: Revenue growth was modest (reported ~6% YoY) despite strong AUM growth — indicates margin/fee mix effects that investors should monitor for sustainability. AMG Reports Financial and Operating Results for the Fourth Quarter and Full Year 2025
• Neutral Sentiment: Full earnings materials, slide deck and call transcript are available for deeper review — useful for investors who want detail on fee‑rate trends, affiliate flows and buyback specifics. View Press Release / Slide Deck

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.