AMG Stock Analysis: Affiliated Managers | NYSE

Mutual Funds, Equity Strategies, Alternative Investments, Fixed Income

Total Rating 77

Safety 85

Buy Signal 1.16

Asset Management
Industry Rotation: -5.5

Market Cap: 9.62B
Avg Turnover: 101M

Risk 3d forecast

Volatility26.0%

VaR 5^th Pctl4.42%

VaR vs Median3.14%

Reward TTM

Sharpe Ratio1.37

Rel. Str. IBD84.6

Rel. Str. Peer Group92.7

Character TTM

Beta0.956

Beta Downside0.565

Hurst Exponent0.377

Drawdowns 3y

Max DD26.97%

CAGR/Max DD1.60

CAGR/Mean DD8.00

EPS (Earnings per Share)

EPS CAGR: 16.57%
EPS Trend: 88.8%

Last SUE: 1.93
Qual. Beats: 1

Revenue

Rev. CAGR: 6.16%
Rev. Trend: 70.6%

Last SUE: 0.51
Qual. Beats: 0

Warnings

No concerns identified

Tailwinds

Rs Leader

Idiosyncratic Leader

Confidence

Seasonality 11.7 years of data

Jan +1.4% 8

Feb -2.3% 11

Mar -0.4% 17

Apr -0.1% 18

May -2.4% 17

Jun +4.8% 9

Jul +4.2% 22

Aug -3.3% 32

Sep -0.4% 16

Oct -1.5% 11

Nov +7.7% 42

Dec -1.4% 26

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: AMG Affiliated Managers

Affiliated Managers Group, Inc. (NYSE: AMG) is a US-based investment management company that operates through a network of affiliated boutique asset managers. It provides advisory and sub-advisory services to mutual funds, as well as discretionary investment management to institutional clients, retail investors, and high net worth individuals. The company distributes its funds directly and through intermediaries such as independent advisors, retirement plan sponsors, broker-dealers, fund marketplaces, and bank trust departments.

AMG offers a broad range of investment styles, including small, small/mid, mid, and large capitalization equity strategies (both value and growth), emerging markets, quantitative, alternative, and fixed income products. It also manages assets for foundations, endowments, and corporate and municipal defined benefit and defined contribution plans, alongside customized investment counseling and fiduciary services. This multi-affiliate model is a distinguishing feature of the asset management industry, allowing AMG to maintain specialized boutique managers under a single holding company.

Founded in 1993 and headquartered in West Palm Beach, Florida, AMG has grown its global footprint with additional offices in Prides Crossing, Stamford, London, Dubai, Sydney, Hong Kong, Tokyo, Zurich, and Delaware. Listed on the NYSE since 1997, it sits within the GICS Financials sector (Asset Management & Custody Banks sub-industry) and is classified as a mid-cap stock with a market capitalization of approximately $9.6 billion USD.

Headlines to Watch Out For

Affiliate AUM growth drives fee revenue expansion
Equity market correction pressures management fee margins
Active management faces continued passive competition and outflows

Piotroski VR-10 (Strict) 8.5

Net Income: 856.3m TTM > 0 and > 6% of Revenue
FCF/TA: 0.12 > 0.02 and ΔFCF/TA 1.26 > 1.0
NWC/Revenue: 9.57% < 20% (prev 11.80%; Δ -2.23% < -1%)
CFO/TA 0.12 > 3% & CFO 1.10b > Net Income 856.3m
Net Debt (2.59b) to EBITDA (1.67b): 1.55 < 3
Current Ratio: 1.24 > 1.5 & < 3
Outstanding Shares: last quarter (26.9m) vs 12m ago -16.72% < -2%
Gross Margin: 79.87% > 18% (prev 53.04%; Δ 26.83% > 0.5%)
Asset Turnover: 27.77% > 50% (prev 23.05%; Δ 4.72% > 0%)
Interest Coverage Ratio: 10.46 > 6 (EBIT TTM 1.54b / Interest Expense TTM 146.8m)

Altman Z'' 4.66

A: 0.03 (Total Current Assets 1.26b - Total Current Liabilities 1.02b) / Total Assets 9.40b
B: 0.84 (Retained Earnings 7.91b / Total Assets 9.40b)
C: 0.17 (EBIT TTM 1.54b / Avg Total Assets 9.11b)
D: 0.58 (Book Value of Equity 3.04b / Total Liabilities 5.20b)
Altman-Z'' = 4.66 = AA

Beneish M -3.02

DSRI: 1.19 (Receivables 846.9m/571.0m, Revenue 2.53b/2.03b)
GMI: 0.66 (GM 53.04% / 79.87%)
AQI: 0.97 (AQ_t 0.86 / AQ_t-1 0.89)
SGI: 1.25 (Revenue 2.53b / 2.03b)
TATA: -0.03 (NI 856.3m - CFO 1.10b) / TA 9.40b)
Beneish M = -3.02 (Cap -4..+1) = AA

What is the price of AMG shares?

As of October 07, 2026, the stock is trading at USD 379.72 with a total of 414,956 shares traded. Over the past week, the price has changed by +2.46%, over one month by +5.41%, over three months by +6.48% and over the past year by +55.07%.

Current recommended Stop Loss: 365.30 (which is 3.8% or 1.3 ATR below the current price).

Is AMG a buy, sell or hold?

Affiliated Managers has received a consensus analysts rating of 4.57. Therefore, it is recommended to buy AMG.

StrongBuy: 5
Buy: 1
Hold: 1
Sell: 0
StrongSell: 0

What are the forecasts/targets for the AMG price?

Analysts Target Price	437.6	15.2%

Affiliated Managers (AMG) - Fundamental Data Overview as of 03 October 2026

Market Cap USD = 9.62b (9.62b USD * 1.0 USD.USD)
P/E Trailing = 12.8391
P/E Forward = 8.7951
P/S = 4.2369
P/B = 3.1169
P/EG = 0.6127
Revenue TTM = 2.53b USD
EBIT TTM = 1.54b USD
EBITDA TTM = 1.67b USD
Long Term Debt = 3.00b USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 3.00b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.59b USD (calculated: Debt 3.00b - CCE 411.0m)
Enterprise Value = 12.2b USD (9.62b + Debt 3.00b - CCE 411.0m)
Interest Coverage Ratio = 10.46 (Ebit TTM 1.54b / Interest Expense TTM 146.8m)
EV/FCF = 11.18x (Enterprise Value 12.2b / FCF TTM 1.09b)
FCF Yield = 8.95% (FCF TTM 1.09b / Enterprise Value 12.2b)
FCF Margin = 43.21% (FCF TTM 1.09b / Revenue TTM 2.53b)
Net Margin = 33.86% (Net Income TTM 856.3m / Revenue TTM 2.53b)
Gross Margin = 79.87% ((Revenue TTM 2.53b - Cost of Revenue TTM 509.1m) / Revenue TTM)
Gross Margin QoQ = none% (prev 81.02%)
Tobins Q-Ratio = 1.30 (Enterprise Value 12.2b / Total Assets 9.40b)
Interest Expense / Debt = 4.89% (Interest Expense 146.8m / Debt 3.00b)
Taxrate = 24.18% (335.7m / 1.39b)
NOPAT = 1.16b (EBIT 1.54b * (1 - 24.18%))
Current Ratio = 1.24 (Total Current Assets 1.26b / Total Current Liabilities 1.02b)
Debt / Equity = 0.99 (Debt 3.00b / totalStockholderEquity, last quarter 3.04b)
Debt / EBITDA = 1.55 (Net Debt 2.59b / EBITDA 1.67b)
Debt / FCF = 2.37 (Net Debt 2.59b / FCF TTM 1.09b)
Total Stockholder Equity = 3.18b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.40% (Net Income 856.3m / Total Assets 9.40b)
RoE = 26.95% (Net Income TTM 856.3m / Total Stockholder Equity 3.18b)
RoCE = 24.84% (EBIT 1.54b / Capital Employed (Equity 3.18b + L.T.Debt 3.00b))
RoIC = 14.09% (NOPAT 1.16b / Invested Capital 8.26b)
WACC = 8.01% (E(9.62b)/V(12.6b) * Re(9.35%) + D(3.00b)/V(12.6b) * Rd(4.89%) * (1-Tc(0.24)))
Discount Rate = 9.35% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -93.46 | Cagr: -16.26%
[DCF] Terminal Value 77.97% ; FCFF base≈1.02b ; Y1≈1.17b ; Y5≈1.72b
[DCF] Fair Price = 901.8 (EV 25.9b - Net Debt 2.59b = Equity 23.3b / Shares 25.9m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 88.76 | EPS CAGR: 16.57% | SUE: 1.93 | # QB: 1
Revenue Correlation: 70.55 | Revenue CAGR: 6.16% | SUE: 0.51 | # QB: 0
EPS current Quarter (2026-09-30): EPS=8.62 | Chg30d=+0.00% | Revisions=+29% | Analysts=6
EPS current Year (2026-12-31): EPS=36.98 | Chg30d=+0.00% | Revisions=+44% | GrowthEPS=+42.0% | GrowthRev=+19.3%
EPS next Year (2027-12-31): EPS=32.37 | Chg30d=+0.00% | Revisions=+40% | GrowthEPS=+14.3% | GrowthRev=+8.5%
[Analyst] Revisions Ratio: +53% (up=10, down=2)