Affiliated Managers Group (AMG) Stock Overview
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. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
AMG Community Fair Values
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Analyst Price Targets
Affiliated Managers Group, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$355.61 |
| 52 Week High | US$392.92 |
| 52 Week Low | US$230.10 |
| Beta | 1.1 |
| 1 Month Change | -5.01% |
| 3 Month Change | 0.76% |
| 1 Year Change | 50.61% |
| 3 Year Change | 164.22% |
| 5 Year Change | 121.67% |
| Change since IPO | 1,912.89% |
Recent News & Updates
Narrative Update • Sep 04
AMG: Rising Margins And Active Buybacks Will Support Future Upside
Analysts have raised their fair value estimate for Affiliated Managers Group from $469.00 to $512.00, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What’s in the News for Affiliated Managers Group Affiliated Managers Group reported that from April 1, 2026 to June 30, 2026 it repurchased 603,744 shares, or 2.28% of its shares, for US$189.31 million under the buyback announced on July 29, 2024.
Narrative Update • Aug 21
AMG: Share Buybacks And Higher Margins Will Likely Keep Shares Rangebound
Analysts have lifted their price target for Affiliated Managers Group to $360 from $330, citing updated assumptions that pair a slightly higher discount rate with lower forecast revenue growth, a higher projected profit margin of 32.5% and a reduced future P/E of about 10.8x. What’s in the News for Affiliated Managers Group Affiliated Managers Group reported that from April 1, 2026 to June 30, 2026, it repurchased 610,514 shares, representing 2.3% of its shares, for US$189 million under the buyback announced on July 29, 2024.Seeking Alpha • Aug 12
Tracking AMG's Yacktman Asset Management Portfolio - Q2 2026 Update
Summary Yacktman Asset Management's Q2 2026 13F portfolio grew to ~$8.09B with 74 holdings, led by Canadian Natural Resources at 8.04%. Portfolio concentration remains high, with the top five positions—CNQ, BRK-B, GOOGL, UHAL, and SCHW—comprising ~29% of assets and ~11.5% held in cash. Significant activity included a new stake in Broadridge and a stake build-up in Intuit, increased positions in BRK-B, UHAL, SCHW, and MSFT, and trimming of CNQ and EBAY. Yacktman has continued to generate alpha since 1992, maintaining a disciplined approach with selective increases and reductions across core and satellite holdings. Read the full article on Seeking Alpha
Narrative Update • Aug 07
AMG: Alternatives Platform And Buybacks Will Support Further Upside Potential
Analysts have adjusted their price target for Affiliated Managers Group to reflect a fair value shift from about $411 to about $433. They cite updated assumptions for the discount rate, revenue growth, profit margins, and forward P/E as key drivers of this change.Recent updates
Narrative Update • Sep 04
AMG: Rising Margins And Active Buybacks Will Support Future Upside
Analysts have raised their fair value estimate for Affiliated Managers Group from $469.00 to $512.00, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What’s in the News for Affiliated Managers Group Affiliated Managers Group reported that from April 1, 2026 to June 30, 2026 it repurchased 603,744 shares, or 2.28% of its shares, for US$189.31 million under the buyback announced on July 29, 2024.Narrative Update • Aug 21
AMG: Share Buybacks And Higher Margins Will Likely Keep Shares Rangebound
Analysts have lifted their price target for Affiliated Managers Group to $360 from $330, citing updated assumptions that pair a slightly higher discount rate with lower forecast revenue growth, a higher projected profit margin of 32.5% and a reduced future P/E of about 10.8x. What’s in the News for Affiliated Managers Group Affiliated Managers Group reported that from April 1, 2026 to June 30, 2026, it repurchased 610,514 shares, representing 2.3% of its shares, for US$189 million under the buyback announced on July 29, 2024.Seeking Alpha • Aug 12
Tracking AMG's Yacktman Asset Management Portfolio - Q2 2026 Update
Summary Yacktman Asset Management's Q2 2026 13F portfolio grew to ~$8.09B with 74 holdings, led by Canadian Natural Resources at 8.04%. Portfolio concentration remains high, with the top five positions—CNQ, BRK-B, GOOGL, UHAL, and SCHW—comprising ~29% of assets and ~11.5% held in cash. Significant activity included a new stake in Broadridge and a stake build-up in Intuit, increased positions in BRK-B, UHAL, SCHW, and MSFT, and trimming of CNQ and EBAY. Yacktman has continued to generate alpha since 1992, maintaining a disciplined approach with selective increases and reductions across core and satellite holdings. Read the full article on Seeking AlphaNarrative Update • Aug 07
AMG: Alternatives Platform And Buybacks Will Support Further Upside Potential
Analysts have adjusted their price target for Affiliated Managers Group to reflect a fair value shift from about $411 to about $433. They cite updated assumptions for the discount rate, revenue growth, profit margins, and forward P/E as key drivers of this change.Narrative Update • Jul 24
AMG: Earnings Momentum And Buybacks Will Support Further Upside Potential
Analysts have adjusted their price target for Affiliated Managers Group to $469 from $454, reflecting updated views on revenue growth prospects, profit margins, and the P/E multiple applied to future earnings. What's in the News for Affiliated Managers Group Affiliated Managers Group stock recently reached a new 52 week high alongside strong earnings momentum, with the company surpassing earnings estimates in each of the past four quarters and recording an average earnings surprise of 4.97% over the last two, according to Zacks.Narrative Update • Jul 10
AMG: Share Repurchases And Earnings Strength Will Drive Further Upside
Analysts have adjusted their price target for Affiliated Managers Group to about $411 from $381, reflecting updated views on fair value, revenue growth, profit margins, and a slightly different assumed future P/E multiple. What's in the News for Affiliated Managers Group Affiliated Managers Group stock reached an all-time high of US$364.69, according to recent market reports.Narrative Update • Jun 26
AMG: Credit Facility And Earnings Strength Will Likely Keep Shares Rangebound
Analysts have raised their price target for Affiliated Managers Group from $255 to $330, citing updated assumptions for revenue growth, profit margins, the discount rate, and future P/E as the key drivers of the change. What’s in the News for Affiliated Managers Group Affiliated Managers Group entered into a Fourth Amended and Restated Credit Agreement establishing a $1.25b senior unsecured multicurrency revolving credit facility maturing in June 2031, led by Bank of America as administrative agent with a syndicate of lenders.Narrative Update • Jun 11
AMG: Share Repurchases And High Return On Equity Will Support Upside
Analysts have nudged their price target for Affiliated Managers Group slightly lower to $381 from $382, reflecting updated assumptions that combine a reduced revenue growth outlook with a somewhat lower future P/E and discount rate, alongside a higher projected profit margin. What's in the News Recent commentary highlighted Affiliated Managers Group as a financial stock with "exciting potential," pointing to earnings per share growth that outpaced revenue over the last two years and a reported return on equity of 21.3% (source: 1 Financials Stock with Exciting Potential and 2 We Brush Off, 1 June 2026).Narrative Update • May 28
AMG: Share Repurchases And Maintained Fair Value Will Support Future Upside
Analysts have maintained their price target for Affiliated Managers Group at $454, citing only modest adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions rather than any major change to the investment case. What's in the News From January 1, 2026 to March 31, 2026, Affiliated Managers Group repurchased 617,615 shares for US$186 million, representing 2.09% of its shares, under the buyback announced on July 29, 2024.Narrative Update • May 08
AMG: Extensive Share Repurchases Will Support Future Upside Potential
Analysts now set a lower price target for Affiliated Managers Group at $454, down from $463, reflecting updated assumptions that combine slightly higher revenue growth expectations with a somewhat lower profit margin outlook and a modestly reduced future P/E multiple. What's in the News Affiliated Managers Group completed a share repurchase program announced on July 29, 2024, buying back 4,014,662 shares, or 13.87% of its stock, for a total of US$906.27 million.Narrative Update • Apr 20
AMG: Share Repurchases And Higher Future P/E Will Support Upside
Analysts have nudged their price target for Affiliated Managers Group to $463 from $457, reflecting updated assumptions around slightly different revenue growth, profit margin, discount rate and future P/E expectations. What's in the News Affiliated Managers Group, Inc.Narrative Update • Apr 06
AMG: Ongoing Share Repurchases And Modest Margin Reset Will Support Upside
Analysts have nudged their price target on Affiliated Managers Group down by about $10 to $382. This reflects updated assumptions for slightly lower profit margins alongside a somewhat higher future P/E multiple applied to their fair value estimate.Narrative Update • Mar 23
AMG: Ongoing Share Repurchases Will Support Future Upside Potential
Analysts have kept their $392.29 price target for Affiliated Managers Group unchanged, citing consistent assumptions regarding the discount rate, revenue growth, profit margin and future P/E as the basis for maintaining their view. What's in the News Affiliated Managers Group announced a share repurchase program allowing the buyback of up to 4,200,000 common shares, with no stated expiration date (Key Developments).Narrative Update • Mar 08
AMG: Ongoing Share Repurchases Will Support Future Upside Potential
Analysts have lifted their price target for Affiliated Managers Group by roughly $47, to around $392, as they factor in updated assumptions for fair value, discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News Affiliated Managers Group, Inc.Narrative Update • Feb 21
AMG: Ongoing Share Repurchases Will Support Strong Upside Potential
Analysts have reduced their price target on Affiliated Managers Group from $495.00 to $457.00. This reflects updated assumptions that combine higher projected revenue growth and a slightly higher future P/E with a lower fair value estimate and a reduced profit margin outlook.Narrative Update • Feb 07
AMG: Lower Discount Rate Will Likely Leave Shares Overextended
Analysts have raised their price target for Affiliated Managers Group from $195.00 to $255.00, citing updated assumptions that include higher revenue growth estimates, a slightly higher future P/E multiple, a modestly stronger profit margin profile, and a lower discount rate in their valuation work. Valuation Changes Fair Value Estimate: Target price updated from US$195.00 to US$255.00 per share.Narrative Update • Jan 24
AMG: Share Repurchases And Refined Forecasts Will Support Strong Upside Potential
Analysts have nudged their price target on Affiliated Managers Group up by $10 to $495, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E that slightly refine their outlook on the shares. What's in the News From July 1, 2025 to September 30, 2025, Affiliated Managers Group repurchased 334,572 shares, representing 1.18% of shares, for a total of $76.97 million under its current buyback program (Key Developments).Narrative Update • Jan 09
AMG: Ongoing Buybacks And Improved Assumptions Will Support Future Upside
Analysts have raised their price target for Affiliated Managers Group from about $308 to roughly $346, citing updated assumptions around revenue growth, profit margins, future P/E, and a slightly lower discount rate in their valuation work. What's in the News Affiliated Managers Group repurchased 334,572 shares between July 1, 2025 and September 30, 2025, representing 1.18% of shares for US$76.97 million (company disclosure).Narrative Update • Dec 24
AMG Share Repurchases Are Expected To Drive Strong Shareholder Upside
Analysts have raised their price target on Affiliated Managers Group from approximately $331 to $485 per share, citing expectations for stronger revenue growth, improving profit margins, a modestly lower discount rate, and a higher future earnings multiple. What's in the News Affiliated Managers Group completed a major share repurchase program, buying back 2,048,530 shares, or about 7.02% of shares outstanding, for a total of $370.28 million under its July 29, 2024 authorization (Key Developments).Narrative Update • Dec 10
AMG: Ongoing Buybacks Will Drive Future Upside Potential
Analysts have modestly increased their price target on Affiliated Managers Group to approximately $308 per share, reflecting slightly higher long term discount rate and valuation multiple assumptions. This suggests a marginally more favorable risk reward profile despite unchanged core fundamentals.Narrative Update • Nov 26
AMG: Share Repurchases And New Credit Partnership Will Lift Future Profits
Analysts have slightly lowered their price target for Affiliated Managers Group to $307.71, down from $308. They cited modest adjustments to projected revenue growth and discount rate assumptions.Narrative Update • Nov 05
AMG: Expanded Credit Partnership And Share Buybacks Will Drive Profitability
Narrative Update on Affiliated Managers Group: Analyst Price Target Raised Analysts have raised their price target for Affiliated Managers Group from $288.71 to $308.00. They cite improved profit margin projections and a lower discount rate as key factors.Narrative Update • Oct 22
Analysts Lift Affiliated Managers Group Price Target as Valuation Metrics Improve Following Strategic Moves
Analysts have raised their price target for Affiliated Managers Group from $274.86 to $288.71. They cite incremental improvements to valuation metrics and discount rates in their latest models.Narrative Update • Oct 08
Persistent Global Demand And Private Markets Will Unlock Value
Analysts have raised their price target for Affiliated Managers Group, increasing it by $11 to $274.86. This change reflects more optimistic revenue growth forecasts, despite a slightly higher discount rate and minor adjustments to profit margin expectations.Narrative Update • Sep 24
Persistent Global Demand And Private Markets Will Unlock Value
The upward revision in Affiliated Managers Group’s price target reflects stronger revenue growth forecasts and a lower future P/E multiple, resulting in a new consensus fair value of $263.86. What's in the News Repurchased 592,682 shares for $100 million from April 1 to June 30, 2025, totaling 1,713,958 shares (5.78%) for $293.31 million under the current buyback program.Narrative Update • Sep 03
Persistent Global Demand And Private Markets Will Unlock Value
The upward revision in Affiliated Managers Group's consensus price target is primarily driven by a higher future P/E multiple, underscoring increased investor confidence in growth prospects, with fair value now estimated at $253.86. What's in the News Repurchased 592,682 shares (2%) for $100 million in Q2 2025, completing a total buyback of 1,713,958 shares (5.78%) for $293.31 million under the July 2024 program.Seeking Alpha • Feb 19
In Search For 7% Investment-Grade Yields For The Long Term, Part 1: Affiliated Managers Group And Its Baby Bonds
Summary AMG offers a unique investment opportunity in diverse, cash-generating firms, despite underperforming common stock and declining revenue. Investment-grade AMG bonds present a 6.4% yield with potential capital appreciation if long-term yields decline, making them attractive in the current environment. AMG's solid credibility and investment-grade rating, despite declining revenue, make its bonds a safer bet compared to its stock. MGRD bonds offer a decent yield spread over treasury benchmarks, with high capital appreciation potential if yields move lower, balancing interest rate risk. Read the full article on Seeking AlphaShareholder Returns
| AMG | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -3.9% | -3.3% | -1.0% |
| 1Y | 50.6% | 1.4% | 14.1% |
Return vs Industry: AMG exceeded the US Capital Markets industry which returned 1.4% over the past year.
Return vs Market: AMG exceeded the US Market which returned 14.1% over the past year.
Price Volatility
| AMG volatility | |
|---|---|
| AMG Average Weekly Movement | 4.2% |
| Capital Markets Industry Average Movement | 3.3% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in US Market | 15.3% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: AMG has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: AMG's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1993 | 5,600 | Jay Horgen | www.amg.com |
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.
Affiliated Managers Group, Inc. Fundamentals Summary
| AMG fundamental statistics | |
|---|---|
| Market cap | US$9.20b |
| Earnings (TTM) | US$856.30m |
| Revenue (TTM) | US$2.27b |
10.7x
P/E Ratio4.1x
P/S RatioIs AMG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AMG income statement (TTM) | |
|---|---|
| Revenue | US$2.27b |
| Cost of Revenue | US$1.13b |
| Gross Profit | US$1.14b |
| Other Expenses | US$285.00m |
| Earnings | US$856.30m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 33.11 |
| Gross Margin | 50.27% |
| Net Profit Margin | 37.72% |
| Debt/Equity Ratio | 71.5% |
How did AMG perform over the long term?
See historical performance and comparisonDividends
0.01%
Current Dividend Yield0.1278%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/13 02:04 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Affiliated Managers Group, Inc. is covered by 12 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Alexander Paris | Barrington Research Associates, Inc. |
| Craig Siegenthaler | BofA Global Research |
| William Katz | Citigroup Inc |