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Affiliated Managers Group, Inc. logo

Affiliated Managers Group, Inc.

MGRD

NYSEFinancial ServicesAsset Management

Open in GoAI

Previous close

$14.65

−$0.06 · -0.41%

Aug 21, 4:00 PM ET

MGRD company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

87

Deep Value

Momentum

50

Neutral

Sentiment

74

Bullish

Risk resilience

73

Moderate Risk

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Company profile

Company website

Affiliated Managers Group, Inc. specializes in providing investment management solutions. The firm offers a diverse array of strategies, spanning numerous asset classes designed for generating returns, alongside various product structures. William J. Nutt established the company in December 1993, and it operates from its main office in West Palm Beach, Florida.

Industry
Asset Management
Sector
Financial Services
Headquarters
US
CEO
Jay C. Horgen
Listed since
Jul 23, 2021
Employees
4,100

Market position

Day range

Current $14.65

52-week range

Current $14.65

Open
$14.70
Previous close
$14.71
Volume
11.49K
0.78× average
Average volume
14.64K
Average daily volume
Market cap
9.45B USD
Beta
1.18
Market reference 1
50-day average
$14.9071
-1.72% below average
200-day average
$15.2511
-3.94% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
10.32B USD
P/E (TTM)
11.43×
P/B (TTM)
3.1×
P/S (TTM)
3.72×
EV / EBITDA
6.91×
Earnings yield
8.72%
Free cash flow yield
12.23%
Dividend yield
0.01%

Profitability & efficiency

Gross margin
79.87%
Operating margin
30.06%
Net margin
33.86%
Return on equity
22.13%
Return on assets
7.78%
Return on invested capital
7.05%

Financial health

Debt / equity
0.99×
Current ratio
1.34×
Altman Z-score
3.2
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends92%67%42%17%Gross margin, FY2021: 56.60%Gross margin, FY2022: 54.00%Gross margin, FY2023: 55.90%Gross margin, FY2024: 55.15%Gross margin, FY2025: 86.04%Operating margin, FY2021: 40.04%Operating margin, FY2022: 34.56%Operating margin, FY2023: 35.51%Operating margin, FY2024: 34.63%Operating margin, FY2025: 31.76%Net margin, FY2021: 23.45%Net margin, FY2022: 49.19%Net margin, FY2023: 32.70%Net margin, FY2024: 25.07%Net margin, FY2025: 29.30%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 56.60%. Gross margin FY2022 54.00%. Gross margin FY2023 55.90%. Gross margin FY2024 55.15%. Gross margin FY2025 86.04%. Operating margin FY2021 40.04%. Operating margin FY2022 34.56%. Operating margin FY2023 35.51%. Operating margin FY2024 34.63%. Operating margin FY2025 31.76%. Net margin FY2021 23.45%. Net margin FY2022 49.19%. Net margin FY2023 32.70%. Net margin FY2024 25.07%. Net margin FY2025 29.30%.

Income trends

Revenue

2.45B USD+19.83%

Operating income

776.8M USD+9.92%

Net income

716.6M USD+40.07%
Income trends across reported periods2.64B USD1.87B USD1.09B USD318.19M USDRevenue, FY2021: 2.41B USDRevenue, FY2022: 2.33B USDRevenue, FY2023: 2.06B USDRevenue, FY2024: 2.04B USDRevenue, FY2025: 2.45B USDOperating income, FY2021: 965.9M USDOperating income, FY2022: 805.2M USDOperating income, FY2023: 730.8M USDOperating income, FY2024: 706.7M USDOperating income, FY2025: 776.8M USDNet income, FY2021: 565.7M USDNet income, FY2022: 1.15B USDNet income, FY2023: 672.9M USDNet income, FY2024: 511.6M USDNet income, FY2025: 716.6M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.41B USD. Revenue FY2022 2.33B USD. Revenue FY2023 2.06B USD. Revenue FY2024 2.04B USD. Revenue FY2025 2.45B USD. Operating income FY2021 965.9M USD. Operating income FY2022 805.2M USD. Operating income FY2023 730.8M USD. Operating income FY2024 706.7M USD. Operating income FY2025 776.8M USD. Net income FY2021 565.7M USD. Net income FY2022 1.15B USD. Net income FY2023 672.9M USD. Net income FY2024 511.6M USD. Net income FY2025 716.6M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue2.45B USD2.04B USD2.06B USD2.33B USD2.41B USD
Cost of goods sold341.4M USD915.3M USD907.5M USD1.07B USD1.05B USD
Gross profit2.1B USD1.13B USD1.15B USD1.26B USD1.37B USD
Selling, general, and administrative408.6M USD376.5M USD358.2M USD385.5M USD347.1M USD
Operating expenses1.33B USD418.9M USD419.5M USD452.9M USD399.4M USD
Interest income83.1M USD————
Interest expense136.5M USD133.3M USD123.8M USD114.4M USD111.4M USD
Depreciation and amortization170.7M USD42.4M USD61.3M USD67.4M USD52.3M USD
Operating income776.8M USD706.7M USD730.8M USD805.2M USD965.9M USD
Net income716.6M USD511.6M USD672.9M USD1.15B USD565.7M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+4.31%
11 comparable reports
Latest EPS result
8.29
Estimate 7.9 · Beat by 4.94%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates9.868.156.434.72Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 6.53, estimate 6.01, surprise +8.65%, Beat. Q2 2025, reported May 8, 2025: actual 5.2, estimate 5.1, surprise +1.96%, Beat. Q3 2025, reported Jul 31, 2025: actual 5.39, estimate 5.29, surprise +1.89%, Beat. Q4 2025, reported Nov 3, 2025: actual 6.1, estimate 5.89, surprise +3.57%, Beat. Q1 2026, reported Feb 12, 2026: actual 9.48, estimate 8.86, surprise +7.00%, Beat. Q2 2026, reported May 1, 2026: actual 8.23, estimate 8.08, surprise +1.86%, Beat. Q3 2026, reported Jul 30, 2026: actual 8.29, estimate 7.9, surprise +4.94%, Beat. Q4 2026, reported Nov 9, 2026: actual —, estimate 8.22, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates666.33M600.08M533.82M467.57MQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 524.2M USD, estimate 530.54M USD, surprise -1.20%, Miss. Q2 2025, reported May 8, 2025: actual 496.6M USD, estimate 499.91M USD, surprise -0.66%, Miss. Q3 2025, reported Jul 31, 2025: actual 493.2M USD, estimate 506.46M USD, surprise -2.62%, Miss. Q4 2025, reported Nov 3, 2025: actual 528M USD, estimate 544.64M USD, surprise -3.05%, Miss. Q1 2026, reported Feb 12, 2026: actual 556.6M USD, estimate 578.54M USD, surprise -3.79%, Miss. Q2 2026, reported May 1, 2026: actual 544.9M USD, estimate 544.01M USD, surprise +0.16%, Beat. Q3 2026, reported Jul 30, 2026: actual 640.7M USD, estimate 590.94M USD, surprise +8.42%, Beat. Q4 2026, reported Nov 9, 2026: actual —, estimate 619.81M USD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.05

2025 complete year0.0% since 2022

2026 partial: $0.525

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

$0.2625

Quarterly

Record Sep 29, 2026 · Payment Sep 30, 2026

Dividend

Ex-dividend Jun 29, 2026

$0.2625

Quarterly

Record Jun 29, 2026 · Payment Jun 30, 2026

Dividend

Ex-dividend Mar 27, 2026

$0.2625

Quarterly

Record Mar 27, 2026 · Payment Mar 30, 2026

Dividend

Ex-dividend Dec 29, 2025

$0.2625

Quarterly

Record Dec 29, 2025 · Payment Dec 30, 2025

Dividend

Ex-dividend Sep 29, 2025

$0.2625

Quarterly

Record Sep 29, 2025 · Payment Sep 30, 2025

Dividend

Ex-dividend Jun 27, 2025

$0.2625

Quarterly

Record Jun 27, 2025 · Payment Jun 30, 2025

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ETFs holding MGRD

Funds reporting this stock among their holdings, ordered by reported position size.

First Trust Preferred Securities and Income ETF logoFirst Trust Preferred Securities and Income ETFFPE
Market value
12.62M
Weight
0.20%
AUM
6.28B USD
Expense ratio
0.83%
Price / 1D
$17.66-0.45%
iShares Preferred and Income Securities ETF logoiShares Preferred and Income Securities ETFPFF
Market value
7.3M
Weight
0.06%
AUM
13.06B USD
Expense ratio
0.45%
Price / 1D
$30.46+0.03%
Invesco Preferred ETF logoInvesco Preferred ETFPGX
Market value
4.26M
Weight
0.11%
AUM
3.76B USD
Expense ratio
0.50%
Price / 1D
$10.60-0.28%
Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF logoGoldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETFGPRF
Market value
94.2K
Weight
0.06%
AUM
145.77M USD
Expense ratio
0.45%
Price / 1D
$49.345+0.03%
iShares Morningstar Multi-Asset Income ETF logoiShares Morningstar Multi-Asset Income ETFIYLD
Market value
10.29K
Weight
0.01%
AUM
125.77M USD
Expense ratio
0.50%
Price / 1D
$22.29+0.22%

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