Reading the tape
NYSE: AMG
Affiliated Managers Group, Inc.
Financial Services · Asset Management
Market Cap
$7.86B
52w High
$334.78
52w Low
$169.00
P/E
11.39
Volume
385.07K
Outstanding Shares
26.68M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 77.91%Revenue (TTM): 13.59%FCF (TTM): 5.31%P/FCF: 92nd pct
What changed
The stock rose 77.91% over the last year. Revenue grew 13.59% over the trailing twelve months. Operating margin moved from 34.62% to 29.51%. Free cash flow grew 5.31% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 29.51%. A decisive move in revenue — currently up 13.59% — would be the clearest signal to resolve the ambiguity.
Company profile
Affiliated Managers Group, Inc., through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States.
CEODava Elaine Ritchea
SectorFinancial Services
IndustryAsset Management
Employees4,100
IPO dateNov 21, 1997
Valuation
Forward P/E—
EV/EBITDA6.91
Enterprise value$10.32B
Price / Book2.43
Stock splits
Mar 30, 2004↑ Forward
Every 2 shares became 3
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth52.66%
Gross margin62%▲56.01%vs FY2024
Operating margin29.51%▼8.27%vs FY2024
ROE22.13%▲44.69%vs FY2024
Analyst consensus
RatingBuy
Target price$331.50▲12.50%
12
Buy
0
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 1, 2026
Q2 FY26 · EPS est $8.10 · Revenue est $544.01M
View
Dividends
$0.04/shareQuarterly5yr growth streakSafeAMG pays a dividend with a 0.01% dividend yield, 5 consecutive years of growth, covered 1,004.8× by free cash flow.
Dividend Yield
0.01%
Annual Div / Share
$0.04
5yr CAGR
+0%
Payout Ratio
0.14%
Safe
Dividend Growth Rate
3yr CAGR
+0%
5yr CAGR
+0%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$0.04+0.0%
2024$0.04+0.0%
2023$0.04+0.0%
2022$0.04+0.0%
2021$0.04+0.0%
2020$0.04-96.9%
2019$1.28+4.9%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$0/yr
$0/mo
In 5 yrs
$0/yr
$0/mo
In 10 yrs
$0/yr
$0/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$0/yr $0/mo | $0/yr $0/mo | $0/yr $0/mo |
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 1,004.8× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
No strong risk signal stands out from the latest period pair.