Affiliated Managers Group (NYSE:AMG) Releases Earnings Results, Beats Estimates By $0.13 EPS

Key Points

• Affiliated Managers Group reported stronger-than-expected Q1 results, with Economic EPS of $8.23 (beat by $0.13, +58% YoY), Adjusted EBITDA of ~$317M, and record AUM of $882B supported by >$22B net inflows in Q1.
• Management says a growing weighting to alternatives (infrastructure, secondary solutions, absolute return, tax‑aware long‑short) is driving durable organic growth, and it issued Q2 guidance of Adjusted EBITDA $290–305M and EPS $7.60–8.01, implying continued momentum.
• Capital allocation remains active—AMG repurchased ~$186M of shares in Q1 (>$700M LTM) and targets ~$500M of buybacks for the year with ~$1B of recurring after‑tax cash flow and low leverage—despite ~$9B of net outflows from equities this quarter.

Affiliated Managers Group (NYSE:AMG - Get Free Report) issued its quarterly earnings results on Friday. The asset manager reported $8.23 earnings per share for the quarter, topping analysts' consensus estimates of $8.10 by $0.13, Briefing.com reports. Affiliated Managers Group had a return on equity of 18.45% and a net margin of 34.55%.During the same quarter last year, the firm posted $5.37 EPS. The company's quarterly revenue was up 9.7% on a year-over-year basis.

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

• AMG reported record quarterly results with Adjusted EBITDA of ~$317M, Economic EPS of $8.23 (up 58% YoY), and record AUM of $882B supported by >$22B net inflows in Q1 and $52B LTM.
• The firm is increasingly weighted to alternatives — especially infrastructure, secondary solutions, absolute return, and tax-aware long-short strategies — which management says are driving durable organic growth across institutional and wealth channels.
• Second-quarter guidance calls for Adjusted EBITDA of $290–305M and EPS of $7.60–8.01 (midpoint ~45% YoY growth vs. Q2 2025), indicating management expects continued momentum into Q2.
• Capital allocation remains active: AMG repurchased ~$186M of shares in Q1 (>$700M over 12 months), settled convertible dilution, targets ~$500M of buybacks for the year, and cites ~ $1B of recurring annual after-tax cash flow with low leverage.
• Equities experienced ~ $9B of net outflows in the quarter and the company acknowledged performance/headwinds in long‑only equities, though it highlighted pockets of strength within differentiated equity affiliates.

Affiliated Managers Group Stock Performance

Shares of NYSE:AMG traded down $4.54 during trading on Friday, hitting $290.13. 549,622 shares of the company traded hands, compared to its average volume of 401,023. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.64. The business's fifty day moving average is $287.02 and its 200-day moving average is $283.59. The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 0.49 and a beta of 1.20. Affiliated Managers Group has a one year low of $169.00 and a one year high of $334.78.

Affiliated Managers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, February 23rd were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. The ex-dividend date was Monday, February 23rd. Affiliated Managers Group's payout ratio is presently 0.17%.

Analyst Ratings Changes

A number of brokerages have weighed in on AMG. Barrington Research reiterated an "outperform" rating and issued a $365.00 price target on shares of Affiliated Managers Group in a report on Monday. Wall Street Zen lowered Affiliated Managers Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, April 4th. Deutsche Bank Aktiengesellschaft set a $408.00 target price on Affiliated Managers Group and gave the stock a "buy" rating in a report on Friday, February 13th. The Goldman Sachs Group increased their target price on shares of Affiliated Managers Group from $300.00 to $341.00 and gave the stock a "buy" rating in a research report on Tuesday, January 6th. Finally, TD Cowen restated a "buy" rating on shares of Affiliated Managers Group in a report on Thursday, April 9th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Affiliated Managers Group currently has an average rating of "Moderate Buy" and an average price target of $360.14.

Insider Activity at Affiliated Managers Group

In other Affiliated Managers Group news, COO Thomas M. Wojcik sold 8,000 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $286.30, for a total value of $2,290,400.00. Following the sale, the chief operating officer directly owned 159,465 shares of the company's stock, valued at $45,654,829.50. This trade represents a 4.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Kavita Padiyar sold 2,200 shares of the firm's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $278.24, for a total value of $612,128.00. Following the completion of the sale, the general counsel owned 42,672 shares in the company, valued at $11,873,057.28. The trade was a 4.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 4.20% of the company's stock.

Institutional Trading of Affiliated Managers Group

Several hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors lifted its holdings in Affiliated Managers Group by 3.5% during the 4th quarter. Captrust Financial Advisors now owns 1,003 shares of the asset manager's stock valued at $289,000 after purchasing an additional 34 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Affiliated Managers Group by 1.4% in the fourth quarter. Quadrant Capital Group LLC now owns 3,220 shares of the asset manager's stock valued at $928,000 after buying an additional 46 shares in the last quarter. Glenmede Investment Management LP grew its stake in Affiliated Managers Group by 3.9% during the third quarter. Glenmede Investment Management LP now owns 1,792 shares of the asset manager's stock worth $427,000 after buying an additional 67 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Affiliated Managers Group by 19.7% during the fourth quarter. UMB Bank n.a. now owns 438 shares of the asset manager's stock worth $126,000 after buying an additional 72 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Affiliated Managers Group by 1.6% during the second quarter. Cerity Partners LLC now owns 5,735 shares of the asset manager's stock worth $1,129,000 after buying an additional 90 shares in the last quarter. 95.30% of the stock is currently owned by institutional investors.

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.

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