Affiliated Managers Group, Inc. (AMG) Stock Price & Analysis
Affiliated Managers Group, Inc. (AMG) closed at USD 395.53 on Thursday, October 22, 2026, up 0.48% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 393.66; the Oct 22, 2026 session ranged USD 383.01–397.01 on volume of 204,427 shares. Market capitalization is $10.23B, with a 52-week range of USD 235.04–397.06 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:24 UTC.
Also available as compact Markdown for AI agents: nexqual.com/AMG.md
Key facts (AMG)
- Last four reported quarters (through Jun 30, 2026): revenue $2.27B, net income $856M (37.7% margin), free cash flow $1.06B (SEC filings).
- Valuation: P/E 11.9x (avg 11.9x at the last 3 fiscal year-ends), net debt $2.59B.
- 3 of 80 tracked superinvestors hold AMG (13F, Q2 2026): 1 new, 0 added, 1 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $7.3M; 3 not under a Rule 10b5-1 plan ($7.3M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 2 Form 4 filings, $687K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (7 analysts), mean target USD 445.71 (range 360–523).
- Total return with dividends: 1Y +65.5% vs S&P 500 +14.9%; 5Y +139.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-02, EPS estimate USD 8.79, revenue estimate $655M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (AMG)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.41B | $2.33B | $2.06B | $2.04B | $2.07B | $2.27B |
| Net income | $566M | $1.15B | $673M | $512M | $717M | $856M |
| EPS (diluted) | $13.05 | $25.35 | $17.42 | $15.13 | $22.74 | — |
| Free cash flow | $1.25B | $1.04B | $862M | $929M | $967M | $1.06B |
| Net margin | 23.4% | 49.2% | 32.7% | 25.1% | 34.5% | 37.7% |
| Revenue growth | +19.0% | -3.4% | -11.7% | -0.8% | +1.6% | — |
| Cash + short-term investments | $909M | $429M | $814M | $950M | $586M | — |
| Total debt | $2.49B | $2.54B | $2.54B | $2.62B | $2.69B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (AMG)
P/E 11.9x · P/S 4.5x · EV/Sales 5.7x · P/FCF 9.6x · P/B 3.4x · FCF yield 10.41% · Earnings yield 8.37% · Buyback yield (TTM) 7.76% · Net debt $2.59B · EV $12.8B
P/E at fiscal year-ends: Dec 2025 13.3x, Dec 2024 13.0x, Dec 2023 9.5x.
Superinvestors (SEC 13F-HR, Q2 2026) (AMG)
3 of 80 tracked investors hold AMG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| John Rogers | Ariel Investments | 3.37% | $338M | Reduced -6.0% |
| Mason Hawkins | Southeastern Asset Management | 0.10% | $1.9M | Unchanged |
| Dodge & Cox Funds | Dodge & Cox | <0.01% | $203K | New position |
Insider sales (SEC Form 4, open-market, last ~7 months) (AMG)
0 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-08 | Horgen Jay C. | President and CEO | 17,500 | $5.9M | 2.9% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-05-08 | Matos Rodriguez Felix V. | Director | 1,000 | $300K | 18.6% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-06 | Ryan David Christopher | Director | 3,402 | $1.0M | 75.7% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (AMG)
2 purchases, $687K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-06-01 | Franqui Annette | Director | 750 | $229K | 304.88 | Too little history (no open-market trades in 2023–2025) |
| 2026-05-06 | Cates G. Staley | Director | 1,500 | $459K | 305.83 | Too little history (no open-market trades in 2023–2025) |
Analysts (AMG)
Consensus Buy (mean 2.00 on a 1–5 scale), 7 analysts; mean target USD 445.71 (low 360, high 523).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | TD Cowen | Target raised | Buy | $512 → $523 |
| 2026-09-29 | TD Cowen | Reiterated | Buy | $512 |
Total return (dividends reinvested) (AMG)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +65.5% | +139.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +65.8% | +19.0% |
| Volatility (annualized) | 32.7% | 30.7% |
| Max drawdown | -19.7% (Feb 2026→Apr 2026) | -39.9% (Nov 2021→Sep 2022) |
AMG revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $1.49B | 71.7% | +0.1% |
| United Kingdom | $527.0M | 25.4% | +5.3% |
| OTHER | $60.5M | 2.9% | +9.6% |
| Total revenue | $2.07B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
AMG analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $8.79 | $8.32 | +5.6% | $655.1M | 6 |
| Next quarter (ends Dec 2026) | $11.90 | $11.85 | +0.4% | $657.5M | 5 |
| Current fiscal year (ends Dec 2026) | $37.19 | $36.16 | +2.9% | $2.48B | 7 |
| Next fiscal year (ends Dec 2027) | $32.50 | $28.22 | +15.2% | $2.69B | 3 |
Key Statistics (as of October 23, 2026 at 09:24 UTC)
| Price | USD 395.53 |
|---|---|
| Change | ▲ 0.48% (up) |
| Previous Close | USD 393.66 |
| Open | USD 388.91 |
| Day Range | USD 383.01 – 397.01 |
| 52-Week Range | USD 235.04 – 397.06 |
| Volume | 204,427 shares |
| Market Cap | $10.23B |
| Exchange | NYQ |
Technical Analysis (AMG)
Nexqual's technical model rates AMG "BUY" based on 5 bullish and 1 bearish signals across 127 daily candles, as of October 23, 2026 at 09:24 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 63.95 (neutral) |
| vs SMA50 | Above (USD 368.63) |
| MACD | 6.87 (positive) |
Analyst Ratings (AMG)
Wall Street analysts rate AMG "Buy" based on 7 analysts, with a mean price target of USD 445.71 (range USD 360–523), per Nexqual as of October 23, 2026 at 09:24 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 7 |
| Mean Target | USD 445.71 |
| High Target | USD 523 |
| Low Target | USD 360 |
| Buy / Hold / Sell | 6 / 1 / 0 |
Earnings (AMG)
| Next Earnings Date | 2026-11-02 |
|---|---|
| EPS Estimate | USD 8.79 |
| Revenue Estimate | $655.08M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 8.29 vs est 7.92 ▲ beat |
| 2026-03-31 | USD 8.23 vs est 8.07 ▲ beat |
| 2025-12-31 | USD 9.48 vs est 8.84 ▲ beat |
| 2025-09-30 | USD 6.1 vs est 5.88 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
Financials & Fundamentals (AMG)
| Total Revenue | $2.27B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +29.90% |
| Gross Margin | +50.27% |
| Operating Margin | +30.36% |
| Profit Margin | +37.72% |
| ROE | +24.26% |
| Debt / Equity | 0.76 |
| Current Ratio | 101.31 |
| Total Cash | $502.80M |
| Total Debt | $3.20B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $1.06B (46.9% of revenue) |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
Financial Health Score (AMG)
Nexqual rates Affiliated Managers Group, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:24 UTC.
| Growth | Mixed — Revenue +1.6% YoY (annual), slow |
|---|---|
| Profitability | Strong — Gross margin 50%, operating 30% (last 12 months) |
| Balance Sheet | Mixed — $411M cash and investments vs $3.00B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $1.06B (last 4 quarters to Jun 2026, SEC), 47% margin |
| Efficiency | Strong — ROE 24%, ROA 3.1% |
Ownership (AMG)
| Insider Ownership | +4.23% |
|---|---|
| Institutional Ownership | +100.63% |
| Shares Outstanding | 25.86M |
| Float | 24.85M |
| Short % of Float | +5.25% |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
Leadership (AMG)
Affiliated Managers Group, Inc. is led by Jay C. Horgen, President, CEO & Director, per Nexqual as of October 23, 2026 at 09:24 UTC.
| President, CEO & Director | Jay C. Horgen |
|---|---|
| Chief Financial Officer | Dava Elaine Ritchea |
| Vice President of Investor Relations | Patricia Figueroa |
| Managing Director of Human Resources | Ann Imes |
| Managing Director of Taxation | Laura M. Thompson |
Major Backers & Investors (AMG)
Notable institutional backers of Affiliated Managers Group, Inc. include Morgan Stanley, Boston Partners, Ariel Investments, LLC, according to Nexqual as of October 23, 2026 at 09:24 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Morgan Stanley | 5.75% |
| Boston Partners | 3.87% |
| Ariel Investments, LLC | 3.87% |
| Millennium Management | 3.38% |
| Fuller & Thaler Asset Management Inc. | 3.32% |
| Capitol Series Trust-FullerThaler Behavioral Small-Cap Equity Fund | 3.15% |
| Eaton Vance Growth Trust-Eaton Vance Atlanta Capital SMID-Cap Fund | 3.04% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 10.72% |
| Vanguard Group | 9.83% |
| State Street | 3.42% |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
From Affiliated Managers Group, Inc.'s Latest SEC 10-K Filing (filed 2026-02-17)
Key Strengths & Strategy (as disclosed to the SEC)
- We have built a highly diversified portfolio of Affiliates over time, and the underlying diversity by strategy, product, and client type enhances our earnings stability across all stages of a market cycle, and therefore our ability to consistently invest in the areas of highest growth and return to generate value for shareholders.
Partnerships
- Our unique approach provides independent firms with the advantages of a long-term strategic partnership, while actively supporting their autonomy and independence, thereby preserving their core advantages and the essential elements of their success — their entrepreneurial cultures, differentiated investment expertise, and disciplined long-term orientations.
- With their entrepreneurial, investment-centric cultures, and deep alignment of interests with clients through direct equity ownership by firm principals, independent firms have an ownership mindset, a long-term orientation to building their firms, and the ability to act nimbly to capitalize on market movements, enabling them to offer unique return streams to the marketplace.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SEIC | SEI Investments Company | USD 104.5 | ▼ 3.62% |
| IVZ | Invesco Ltd | USD 28.79 | ▼ 1.57% |
| ARCC | Ares Capital Corporation | USD 18.79 | ▲ 2.12% |
| CG | The Carlyle Group Inc. | USD 39.2 | ▲ 5.18% |
| PHYS | "Sprott Physical Gold Trust" | USD 30.39 | ▼ 2.72% |
| EQH | Equitable Holdings, Inc. | USD 55.04 | ▲ 1.23% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:24 UTC. This page is informational and not investment advice.
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