Affiliated Managers Group, Inc. (AMG)

Affiliated Managers Group, Inc. (AMG) Financial Services Profile

Affiliated Managers Group (AMG) is a global asset management firm specializing in investments across a diverse range of asset classes. AMG operates through a partnership model, providing capital and strategic support to independent investment firms, allowing them to focus on their core investment strategies while benefiting from AMG's scale and distribution capabilities.

What Is the Investment Thesis for AMG?

Affiliated Managers Group presents a notable research candidate due to its diversified revenue streams, unique partnership model, and exposure to growing asset management markets. AMG's affiliates manage a diverse range of investment strategies, mitigating the risk associated with any single asset class or investment style. The company's partnership model allows it to attract and retain talented investment professionals, fostering innovation and strong investment performance. With a P/E ratio of 10.8 and a profit margin of 31.9%, AMG demonstrates financial stability. Upcoming catalysts include continued expansion into alternative investments and strategic acquisitions of new affiliate firms. Key risks include market volatility and potential underperformance of affiliate investment strategies.

Based on FMP financials and quantitative analysis

AMG Key Highlights

• Market capitalization of $9.32B reflects AMG's significant presence in the asset management industry.
• Profit margin of 31.9% indicates strong profitability and efficient operations.
• Gross margin of 68.1% highlights the value AMG adds through its asset management services.
• Beta of 1.18 suggests AMG's stock price is slightly more volatile than the overall market.
• Dividend yield of 0.01% provides a modest income stream for investors.

Who Are AMG's Competitors?

AMG is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are AMG's Key Strengths?

• Diversified revenue streams across multiple asset classes.
• Unique partnership model that attracts and retains talented investment professionals.
• Established distribution network and strong relationships with institutional clients.
• Operational expertise and centralized support functions.

What Are AMG's Weaknesses?

• Reliance on the performance of its affiliate firms.
• Exposure to market volatility and economic downturns.
• Potential for conflicts of interest between AMG and its affiliates.
• Complexity of managing a diverse group of independent investment firms.

What Could Drive AMG Stock Higher?

• Continued expansion into alternative investments, driven by increasing investor demand.
• Strategic acquisitions of new affiliate firms with strong investment performance.
• Development and launch of new ESG-focused investment products.
• Expansion into emerging markets with high growth potential.

What Are the Key Risks for AMG?

• Insider selling — insiders were net sellers of roughly $32.2M recently.
• Market volatility and economic downturns could negatively impact assets under management and revenue.
• Underperformance of affiliate investment strategies could lead to client outflows and reduced fees.
• Increasing competition from other asset management firms could put pressure on fees and margins.
• Evolving regulatory landscape and compliance requirements could increase operating costs.

What Are the Growth Opportunities for AMG?

• Expansion into Alternative Investments: AMG can capitalize on the growing demand for alternative investments, such as private equity, hedge funds, and real estate. The alternative investment market is projected to reach trillions of dollars in assets under management by 2030. AMG can leverage its existing affiliates and acquire new firms specializing in alternative strategies to expand its presence in this market. Timeline: Ongoing.
• Strategic Acquisitions of New Affiliates: AMG can continue to grow its assets under management and expand its investment capabilities through strategic acquisitions of new affiliate firms. By partnering with high-quality investment teams with strong track records, AMG can enhance its product offerings and attract new clients. The market for independent investment firms remains active, providing AMG with ample opportunities for acquisitions. Timeline: Ongoing.
• Geographic Expansion into Emerging Markets: AMG can expand its geographic footprint by targeting emerging markets with high growth potential. These markets offer attractive investment opportunities and a growing base of affluent investors. AMG can establish a presence in these markets through partnerships, acquisitions, or organic growth. Timeline: 2027-2030.
• Development of ESG-Focused Investment Products: AMG can capitalize on the growing demand for environmental, social, and governance (ESG) focused investment products. By developing and offering ESG-integrated investment strategies, AMG can attract socially conscious investors and enhance its brand reputation. The ESG investment market is experiencing rapid growth, driven by increasing awareness of sustainability issues. Timeline: Ongoing.
• Enhancement of Distribution Capabilities: AMG can enhance its distribution capabilities by expanding its network of intermediaries and strengthening its relationships with institutional clients. By improving its marketing efforts and providing value-added services to its clients, AMG can increase its market share and attract new assets. The distribution landscape is evolving, with increasing use of digital channels and customized solutions. Timeline: Ongoing.

What Opportunities Does AMG Have?

• Expansion into alternative investments and emerging markets.
• Strategic acquisitions of new affiliate firms.
• Development of ESG-focused investment products.
• Enhancement of distribution capabilities through digital channels.

What Threats Does AMG Face?

• Increasing competition from other asset management firms.
• Evolving regulatory landscape and compliance requirements.
• Potential for loss of key investment professionals.
• Negative impact of market downturns on assets under management.

What Are AMG's Competitive Advantages?

• Diversified revenue streams across multiple asset classes and investment strategies.
• Unique partnership model that attracts and retains talented investment professionals.
• Established distribution network and strong relationships with institutional clients.
• Operational expertise and centralized support functions that benefit its affiliates.

What Does AMG Do?

Affiliated Managers Group, Inc. (AMG) is a global asset management company founded in 1993. The company operates through a unique partnership model, acquiring equity stakes in a diverse group of independent investment firms, often referred to as 'affiliates.' These affiliates maintain their operational autonomy and investment decision-making independence, while benefiting from AMG's centralized distribution, marketing, and operational support. AMG's affiliates manage assets across a wide spectrum of investment strategies, including equity, fixed income, alternative investments, and multi-asset solutions. The company serves a global clientele, including institutional investors, high-net-worth individuals, and retail investors through mutual funds and other investment vehicles. AMG's business model is designed to generate stable and diversified revenue streams through management fees and performance-based incentives earned on the assets managed by its affiliates. Headquartered in West Palm Beach, Florida, AMG has expanded its global presence with offices in key financial centers around the world, including London, Dubai, Sydney, Hong Kong, Tokyo, and Zurich.

What Products and Services Does AMG Offer?

• AMG acquires equity stakes in independent investment firms.
• AMG provides strategic and operational support to its affiliates.
• AMG's affiliates manage assets across a wide range of investment strategies.
• AMG distributes investment products to institutional clients, high-net-worth individuals, and retail investors.
• AMG generates revenue through management fees and performance-based incentives.
• AMG operates globally with offices in key financial centers.

How Does AMG Make Money?

• AMG generates revenue primarily through management fees, which are a percentage of assets under management (AUM).
• AMG also earns performance-based incentive fees when its affiliates achieve certain investment performance benchmarks.
• AMG's partnership model allows it to share in the profits generated by its affiliates, aligning its interests with those of its investment teams.

What Industry Does AMG Operate In?

The asset management industry is characterized by increasing competition, evolving regulatory landscapes, and growing demand for specialized investment strategies. AMG operates in a fragmented market, competing with both large, diversified asset managers and smaller, boutique firms. The industry is driven by factors such as global economic growth, demographic trends, and investor preferences for different asset classes. AMG's partnership model allows it to differentiate itself by offering a diverse range of investment strategies through its affiliated firms, catering to a wide range of investor needs.

Who Are AMG's Key Customers?

• Institutional investors, including pension funds, endowments, and sovereign wealth funds.
• High-net-worth individuals and families.
• Retail investors through mutual funds and other investment vehicles.

Affiliated Managers Group, Inc. Financial Trajectory

Affiliated Managers Group, Inc. (AMG) reported $544.9M in revenue for Q1 2026, a decline of 31.9% compared to the prior quarter. The company recorded net income of $110.4M, with diluted EPS of $3.84. Quarter-over-quarter revenue has been mixed, typical for a mid-cap company operating in Financial Services. Across the four most recent quarters, AMG averaged $6.18 in diluted EPS.

Company Profile

Affiliated Managers Group, Inc. operates in the Asset Management industry within the Financial Services sector. It is headquartered in West Palm Beach, US. The company is led by CEO Jay Horgen. AMG has traded publicly since 1997.

How Affiliated Managers Group, Inc. Is Valued

Affiliated Managers Group, Inc. carries a market capitalization of $9.32B, placing it in the mid-cap category. Relative to its peer group, AMG's quantitative score of 96/100 is above the peer average of 74/100.

ROE 23%Key Financial Metrics

Return on equity for Affiliated Managers Group, Inc. stands at 23.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 8.0%, showing how much profit it generates from its asset base. AMG trades at a trailing price-to-earnings ratio of 10.75, below the Financial Services sector average of ~18x. Its free cash flow yield is 13.4%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 9.3%, the inverse of the P/E and a quick read on earnings relative to price.

F-Score 7/9Financial Health

Affiliated Managers Group, Inc.'s Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 2.97 places it in the grey zone, a middle ground that warrants monitoring.

FY2026 estForward Outlook

Wall Street analysts project Affiliated Managers Group, Inc. revenue of about $2.36B for fiscal 2026, with EPS near $35.11. The estimate reflects 4 contributing analysts.

Net sellingInsider Activity

Over the past six months, Affiliated Managers Group, Inc. insiders filed 28 SEC Form 4 transactions — 16 sales and 12 purchases. On net that is roughly 51K shares disposed (about $32.2M), a signal worth weighing alongside the fundamentals.

AMG Financials

AMG Latest News

AMG Analyst Consensus

AMG MoonshotScore

Latest Affiliated Managers Group, Inc. Analysis

Affiliated Managers Group, Inc. Financial Services Stock: Key Questions Answered

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Official Resources