Affiliated Managers Group, Inc.
NYSE•AMG
CEO: Mr. Thomas M. Wojcik
Sector: Financial Services
Industry: Asset Management
Listing Date: 1997-11-21
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. The company also offers investment products in various investment styles in the institutional distribution channel, including small, small/mid, mid, and large capitalization value and growth equity, and emerging markets. In addition, it offers quantitative, alternative, and fixed income products, and manages assets for foundations and endowments, defined benefit, and defined contribution plans for corporations and municipalities. Affiliated Managers Group provides investment management or customized investment counseling and fiduciary services. Affiliated Managers Group, Inc. was formed in 1993 and is based in West Palm Beach, Florida with additional offices in Prides Crossing, Massachusetts; Stamford, Connecticut; London, United Kingdom; Dubai, United Arab Emirates; Sydney, Australia; Hong Kong; Tokyo, Japan, Zurich, Switzerland and Delaware.
Contact Information
Market Cap
$9.00B
P/E (TTM)
17.3
0
Dividend Yield
0.0%
52W High
$334.00
52W Low
$139.22
52W Range
Rank33Top 25.7%
4.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$528.00M+2.25%
4-Quarter Trend
EPS
$7.42+80.53%
4-Quarter Trend
FCF
$275.90M+4.31%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Quarterly Net Income Surges Controlling interest net income $212.4M for Q3 2025, up 72%, driven by $127.6M Peppertree transaction gain.
Assets Under Management Growth Total AUM reached $803.6B as of September 30, 2025, marking a 10% increase from prior period levels.
Financing Cash Flow Used Financing cash flow used $948.6M over nine months for debt repayment and common stock repurchases.
Aggregate Fees Increased Nine-month aggregate fees totaled $3,789.8M, up 2%, driven by asset-based fees across strategies.
Risk Factors
Client Relationship Impairment Recorded $59.2M impairment charge on indefinite-lived relationships due to projected revenue declines in Q1 2025.
Equity Purchase Obligations Rise Affiliate equity purchase obligations increased sharply to $235.2M as of September 30, 2025, up significantly.
Consolidated Expenses Rising Total consolidated expenses grew 15% YTD to $1,278.8M, outpacing the 0% growth in consolidated revenue.
Intangible Amortization Spikes Nine-month intangible amortization and impairments rose to $145.5M, driven by acquired client relationship amortization.
Outlook
New Affiliate Investments Completed minority investments in NorthBridge and Verition during Q1/Q2 2025, expanding private markets focus.
Pending Strategic Transactions Agreement reached to acquire Qualitas Energy; completed partial sale of Comvest interest for $285M cash.
Debt Maturity Management $350.0M senior notes matured and repaid in Q3 2025; $100.0M drawn on $1.25B revolver.
Share Repurchase Activity Repurchased 1.9M shares over nine months; 3.4 million shares remain available under July 2024 authorization.
Peer Comparison
Revenue (TTM)
$2.66B
$2.04B
$1.16B
Gross Margin (Latest Quarter)
PSEC75.7%
71.2%
HLNE70.8%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| AMG | $9.00B | 17.3 | 16.2% | 26.6% |
| HLNE | $8.39B | 26.9 | 31.3% | 22.1% |
| JHG | $7.41B | 13.8 | 11.4% | 5.2% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.2%
Moderate Growth
4Q Net Income CAGR
9.4%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Feb 5, 2026
EPS:$8.75
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 6, 2025|Revenue: $528.00M+2.2%|EPS: $7.42+80.5%MeetForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 7, 2025|Revenue: $493.20M-1.4%|EPS: $2.95+22.4%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 8, 2025|Revenue: $496.60M-0.7%|EPS: $2.48-45.6%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 14, 2025|Revenue: $2.04B-0.8%|EPS: $16.45-14.2%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 7, 2024|Revenue: $516.40M-1.7%|EPS: $4.11-33.9%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 2, 2024|Revenue: $500.30M-2.4%|EPS: $2.41-30.9%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 7, 2024|Revenue: $499.90M-3.4%|EPS: $4.56+21.6%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 16, 2024|Revenue: $2.06B-11.7%|EPS: $19.18-35.6%Beat