Inside the research
Affiliated Managers Group, Inc.
AMG Research profile · latest available data
Price overview
$373.69
▲ +2.98 (+0.8%)
| 52w hi | $383.41 |
|---|---|
| 52w lo | $230.75 |
| Vol | 241.50K |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.30
| Short | +0.08 |
|---|---|
| Medium | +0.33 |
| Long | +0.66 |
computed 2026-09-27
Key fundamentals
Affiliated Managers Group, Inc.
Financial Services · Asset Management
| Market cap | $9.66B |
|---|---|
| Enterprise value | $13.53B |
| Trailing P/E | 13.12x |
| Forward P/E | 8.73x |
| EV / EBITDA | 21.62x |
| P / S (ttm) | 4.26x |
| Profit margin | 37.7% |
| Return on equity | 24.3% |
| Revenue growth | +29.9% |
| Earnings growth | +148.2% |
| Debt / equity | 76.10 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.46 | |
| Sector | +0.02 | |
| Technical | +0.09 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Affiliated Managers Group, Inc., through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds. These funds are distributed to retail, high net worth and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments. The company also offers investment products in various investment styles in the institutional distribution channel, including small, small/mid, mid, and large capitalization value and growth equity, and emerging markets. In addition, it offers quantitative, alternative, and fixed income products, and manages assets for foundations and endowments, defined benefit, and defined contribution plans for corporations and municipalities. Affiliated Managers Group provides investment management or customized investment counseling and fiduciary services. Affiliated Managers Group, Inc. was formed in 1993 and is based in West Palm Beach, Florida with additional offices in Prides Crossing, Massachusetts; Stamford, Connecticut; London, United Kingdom; Dubai, United Arab Emirates; Sydney, Australia; Hong Kong; Tokyo, Japan, Zurich, Switzerland and Delaware.
Risk Metrics
| Beta vs SPX | 1.13 |
|---|---|
| Corr SPX | 0.58 |
| Annual vol | 31.4% |
| Annual ret | +42.0% |
| Sharpe | 1.34 |
| Max DD | -27.0% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $385.71 |
|---|---|
| High / Low | $454.00 / $300.00 |
| Median | $400.00 |
| Analysts | 7 |
| Strong Buy | 1 | |
|---|---|---|
| Buy | 5 | |
| Hold | 1 | |
| Sell | 0 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-04 | TD Cowen | → Buy |
| 2026-04-27 | Barrington Research | → Outperform |
| 2026-01-14 | TD Cowen | → Buy |
| 2026-01-06 | Goldman Sachs | → Buy |
| 2025-12-15 | TD Cowen | → Buy |
| 2025-11-04 | Barrington Research | → Outperform |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-30 | Earnings Release, Other Material Event… | read |
| 2026-06-09 | Material Agreement, Material Obligation… | read |
| 2026-05-28 | Shareholder Vote | read |
| 2026-05-01 | Earnings Release, Other Material Event… | read |
| 2026-02-26 | Officer / Director Change, Reg FD Disclosure… | read |
| 2026-02-12 | Earnings Release, Other Material Event… | read |
| 2026-02-12 | Officer / Director Change | read |
| 2025-12-11 | Material Agreement, Material Obligation… | read |
| 2025-12-08 | Other Material Event | read |
| 2025-11-03 | Earnings Release, Other Material Event… | read |
| 2025-08-14 | Officer / Director Change, Reg FD Disclosure… | read |
| 2025-07-31 | Earnings Release, Other Material Event… | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-06-12 | Palandjian Tracy P. | Option exercise | 2.96K | $242.76K | |
| 2026-06-12 | Palandjian Tracy P. | Withheld for tax | 685 | $242.91K | |
| 2026-06-08 | Horgen Jay C. | President and CEO | Option exercise | 75.00K | $5.59M |
| 2026-06-08 | Horgen Jay C. | President and CEO | Withheld for tax | 39.67K | $13.35M |
| 2026-06-08 | Horgen Jay C. | President and CEO | Sell | 17.50K | $5.92M |
| 2026-06-01 | FRANQUI ANNETTE | Buy | 750 | $228.66K | |
| 2026-05-08 | Matos Rodriguez Felix V. | Sell | 1.00K | $300.18K |
Flow & Concentration
| Insider 180d net | -$5.99M |
|---|---|
| Insider buys / sells | 1 / 2 |
| Insider bias | Sellers |
| 13F holders | 7 |
| Top-5 share | 95.2% |
| HHI | 2,796 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $298.92M | 883.32K |
| Millennium Management | $296.14M | 875.12K |
| Citadel Advisors | $71.94M | 212.59K |
| Fidelity / FMR LLC | $60.09M | 177.58K |
| Capital Research / Capital World | $59.48M | 175.78K |
| Renaissance Technologies | $39.74M | 117.44K |
| T. Rowe Price Group | $56.37K | 166.56K |
As of 2026-06-30
Dividends
| Yield (TTM) | 0.01% |
|---|---|
| $ / share (TTM) | $0.02 |
| 5y CAGR | -35.2% |
Annual dividend per share
| 2021 | $0.04 |
|---|---|
| 2022 | $0.04 |
| 2023 | $0.04 |
| 2024 | $0.04 |
| 2025 | $0.04 |
| 2026 | $0.01 |
SEC Filings
The Long Run
FY 2010–2025 · 16 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $2.07B | +20.2% | |
| Operating income | $262.50M | -4.9% | |
| Net income | $716.60M | +18.0% | |
| Cash from ops | $874.30M | +5.6% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $372.94 | $379.06 | $371.46 | $373.69 | 241.50K |
| Sep 24 | $366.91 | $371.85 | $361.44 | $370.71 | 353.60K |
| Sep 23 | $357.59 | $369.88 | $357.59 | $366.17 | 272.60K |
| Sep 22 | $366.04 | $366.39 | $355.27 | $360.28 | 323.80K |
| Sep 21 | $359.65 | $366.13 | $356.16 | $364.66 | 205.00K |
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