Affiliated Managers Group (NYSE:AMG) Issues Earnings Results, Beats Estimates By $0.71 EPS

Affiliated Managers Group (NYSE:AMG) issued its quarterly earnings results on Monday. The asset manager reported $9.50 EPS for the quarter, topping analysts’ consensus estimates of $8.79 by $0.71, FiscalAI reports. The company had revenue of $595.20 million during the quarter, compared to analysts’ expectations of $655.08 million. Affiliated Managers Group had a return on equity of 21.94% and a net margin of 37.72%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.10 EPS.

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

• AMG reported record AUM of $974 billion and $21 billion of third-quarter net inflows, including a record more than $31 billion into alternatives. Alternative flows were led by private-market fundraising and liquid-alternative demand, while differentiated long-only equities saw $12 billion of outflows.
• Third-quarter Adjusted EBITDA rose 41% year over year to $354 million, and Economic earnings per share increased 56% to a quarterly record of $9.50. Year-to-date Economic EPS reached $26, with the company saying nearly 95% was driven by fee-related earnings.
• AMG repurchased approximately $400 million of shares in the quarter and raised its 2026 buyback outlook to more than $900 million, subject to market conditions and capital allocation activity. Management said repurchases, alongside investments in new and existing Affiliates, remain central to its capital-allocation strategy.
• For the fourth quarter, AMG guided to Adjusted EBITDA of $405 million to $475 million and Economic EPS of $11.37 to $13.43; the range includes $70 million to $130 million of net performance fees and assumes no material private-market catch-up fees. Management noted its market blend was down 2% quarter to date as of November 6.
• Management said alternatives are approaching 70% of earnings, up from less than 35% in 2019, and reiterated a long-term target of 15% to 20% annual Economic EPS growth. It expects 2026 growth to be approximately 50%, while emphasizing that this outlook depends on continued execution and capital allocation.

Affiliated Managers Group Stock Up 5.4%

Affiliated Managers Group stock opened at $382.41 on Tuesday. The firm has a market cap of $9.89 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 0.47 and a beta of 1.05. Affiliated Managers Group has a 52 week low of $246.11 and a 52 week high of $400.13. The business’s 50-day moving average price is $371.95 and its 200 day moving average price is $334.16. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.76.

Affiliated Managers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 19th will be paid a $0.01 dividend. The ex-dividend date is Thursday, November 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. Affiliated Managers Group’s dividend payout ratio is presently 0.14%.

Key Headlines Impacting Affiliated Managers Group

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

• Positive Sentiment: Third-quarter economic EPS was $9.50, beating the $8.79 consensus and rising 56% year over year. AMG also reported record AUM of $974 billion and $21 billion in net client cash flows, including more than $31 billion of alternative inflows. AMG Q3 financial and operating results
• Positive Sentiment: The company repurchased $400 million of stock during Q3, taking year-to-date buybacks to $775 million. Share repurchases can support per-share earnings and signal confidence in the business. AMG Q3 financial and operating results
• Neutral Sentiment: AMG declared a quarterly dividend of $0.01 per share, equivalent to a $0.04 annualized payout and a negligible yield, so it is unlikely to be a major share-price driver.
• Negative Sentiment: Revenue of $595.2 million missed analysts’ $655.1 million estimate and was essentially flat year over year. Reports also noted higher expenses, which could temper the impact of strong earnings growth. AMG Q3 revenue results

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Zacks Research lowered Affiliated Managers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 29th. Barrington Research set a $425.00 target price on Affiliated Managers Group in a report on Friday, July 31st. TD Cowen lifted their target price on Affiliated Managers Group from $512.00 to $523.00 and gave the stock a “buy” rating in a report on Monday, October 12th. Weiss Ratings upgraded Affiliated Managers Group from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Finally, Wall Street Zen downgraded shares of Affiliated Managers Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 30th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Affiliated Managers Group currently has an average rating of “Moderate Buy” and an average target price of $438.25.

About Affiliated Managers Group

Affiliated Managers Group, Inc (NYSE: AMG) is a global asset management company that partners with independent investment firms. Founded in 1993, AMG provides its partner firms with strategic capital, distribution support and business resources while allowing them to retain substantial independence over their investment processes and operations.

Through its partner firms, AMG offers a range of investment strategies and services, including alternative investments, equities, fixed income, private markets and wealth management.