Affiliated Managers Group (NYSE:AMG) Releases Earnings Results, Beats Expectations By $0.39 EPS

Affiliated Managers Group (NYSE:AMG) issued its quarterly earnings data on Thursday. The asset manager reported $8.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.90 by $0.39, FiscalAI reports. Affiliated Managers Group had a net margin of 35.55% and a return on equity of 20.17%. The business’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company posted $5.39 EPS.

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

• Record Q2 results: Adjusted EBITDA rose 44% year over year to approximately $316 million, while economic earnings per share increased 54% to $8.29. Assets under management reached a record $942 billion.
• Alternative strategies generated record net inflows of $29 billion in the quarter and approximately $100 billion over the past 12 months, led by private-market secondaries, infrastructure, liquid alternatives, and tax-aware strategies. Alternatives now represent more than 60% of AMG’s earnings, with management expecting that share to approach 70% relatively soon.
• Management raised expectations for continued earnings momentum, guiding to Q3 adjusted EBITDA of $315 million-$325 million and economic EPS of $8.43-$8.71, implying roughly 40% year-over-year EPS growth at the midpoint. AMG expects approximately 40% EPS growth for full-year 2026.
• AMG repurchased approximately $189 million of shares in Q2 and expects about $600 million of repurchases for the full year, while maintaining a strong balance sheet and roughly $1 billion of annual after-tax cash flow. The company also reported an expanding pipeline of potential affiliate investments in private markets and liquid alternatives.
• Differentiated long-only equity strategies experienced $14 billion of net outflows in Q2, while multi-asset and fixed income had $2 billion of outflows. Management expects improvement over time, but acknowledged continued industry, performance, and seasonal headwinds.

Affiliated Managers Group Stock Performance

Shares of NYSE AMG traded up $7.10 during midday trading on Thursday, reaching $367.17. The company had a trading volume of 321,409 shares, compared to its average volume of 364,226. Affiliated Managers Group has a 1 year low of $200.00 and a 1 year high of $382.75. The business’s 50-day simple moving average is $343.28 and its 200 day simple moving average is $314.19. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.73. The stock has a market cap of $9.70 billion, a P/E ratio of 14.85, a P/E/G ratio of 0.57 and a beta of 1.12.

Affiliated Managers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, August 10th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. Affiliated Managers Group’s dividend payout ratio (DPR) is currently 0.16%.

Key Headlines Impacting Affiliated Managers Group

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

• Positive Sentiment: AMG reported second-quarter 2026 economic EPS of $8.29, exceeding consensus estimates of approximately $7.85–$7.90 and rising sharply from $5.39 a year earlier. GAAP diluted EPS was $6.95. AMG Reports Financial and Operating Results
• Positive Sentiment: Record assets under management, higher revenues and strong inflows into alternative strategies supported the earnings beat. The company also raised its second-quarter adjusted EBITDA and revenue guidance before reporting results, reinforcing expectations for operating momentum. Affiliated Managers Q2 Earnings Beat
• Positive Sentiment: The company’s profitability remains strong, with a reported net margin of 35.55% and return on equity of 20.17%. The earnings surprise and improved outlook are the primary catalysts behind the stock’s advance. Affiliated Managers Q2 Earnings Snapshot
• Neutral Sentiment: One report listed quarterly revenue at $493.2 million, below the comparison estimate, despite revenue growth cited in other coverage. This may reflect differing definitions or estimates, but it introduces a mixed element to an otherwise strong release. AMG Non-GAAP EPS and Revenue Report
• Neutral Sentiment: A Zacks comparison of AMG and Cohen & Steers focuses on relative value rather than announcing a new company-specific development. AMG trades at about 14.9 times earnings, with a PEG ratio near 0.57, but its shares are also near the upper end of their 12-month range. AMG or CNS Value Comparison
• Negative Sentiment: Rising expenses were a partial offset to the benefits of stronger inflows and record AUM, while the apparent revenue shortfall could prompt investors to scrutinize organic growth and fee trends in the conference call.

Analyst Ratings Changes

AMG has been the subject of a number of analyst reports. Wall Street Zen raised shares of Affiliated Managers Group from a “hold” rating to a “buy” rating in a research report on Sunday, June 28th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $405.00 price target on shares of Affiliated Managers Group in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $400.00 price objective on shares of Affiliated Managers Group in a report on Monday, May 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Affiliated Managers Group in a research report on Friday, June 26th. Finally, TD Cowen restated a “buy” rating and set a $454.00 target price on shares of Affiliated Managers Group in a research note on Wednesday, May 13th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $362.29.

Insider Transactions at Affiliated Managers Group

In other Affiliated Managers Group news, Director Rodriguez Felix V. Matos sold 1,000 shares of Affiliated Managers Group stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $300.18, for a total transaction of $300,180.00. Following the completion of the sale, the director owned 4,369 shares of the company’s stock, valued at approximately $1,311,486.42. The trade was a 18.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David Christopher Ryan sold 3,402 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $305.06, for a total value of $1,037,814.12. Following the sale, the director owned 1,092 shares in the company, valued at approximately $333,125.52. The trade was a 75.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,902 shares of company stock worth $7,257,719 over the last 90 days. Insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Affiliated Managers Group

Institutional investors and hedge funds have recently modified their holdings of the company. Corient Private Wealth LLC raised its position in Affiliated Managers Group by 310.2% during the 4th quarter. Corient Private Wealth LLC now owns 37,656 shares of the asset manager’s stock worth $10,855,000 after buying an additional 28,476 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Affiliated Managers Group by 4.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,792 shares of the asset manager’s stock valued at $805,000 after acquiring an additional 123 shares during the last quarter. State of Tennessee Department of Treasury increased its stake in shares of Affiliated Managers Group by 2.3% in the fourth quarter. State of Tennessee Department of Treasury now owns 11,610 shares of the asset manager’s stock worth $3,635,000 after acquiring an additional 257 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of Affiliated Managers Group in the fourth quarter worth $862,000. Finally, Fuller & Thaler Asset Management Inc. increased its stake in shares of Affiliated Managers Group by 20.2% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 685,588 shares of the asset manager’s stock worth $197,641,000 after acquiring an additional 115,313 shares during the period. Institutional investors and hedge funds own 95.30% of the company’s stock.

Affiliated Managers Group Company Profile

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.