Affiliated Managers Group, Inc. logo

Affiliated Managers Group, Inc.

MGRE

NYSEFinancial ServicesAsset Management

Previous close

$22.395

−$0.305 · -1.34%

Aug 21, 3:58 PM ET

MGRE 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

38

Weakening

Sentiment

63

Bullish

Risk resilience

75

Moderate Risk

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Company profile

Company website

Affiliated Managers Group, Inc. (AMG) operates as a prominent asset management firm, delivering comprehensive investment solutions through its diverse network of subsidiary companies. Primarily serving the United States, AMG provides investment management expertise to a broad spectrum of clients, including individual investors with substantial wealth, institutional entities, and various mutual funds. The company extends its services by offering specialized advisory and sub-advisory expertise for mutual funds. These investment vehicles reach both individual retail investors and institutional clients, either through direct engagement or via an extensive network of financial intermediaries. This network comprises independent investment advisors, sponsors of retirement plans, broker-dealers, significant fund platforms, and bank trust departments. For its institutional distribution channel, AMG presents a wide array of investment strategies. These encompass various equity styles categorized by market capitalization (small, small/mid, mid, and large), incorporating both value and growth philosophies, alongside dedicated emerging markets portfolios. Furthermore, its product suite extends to quantitative, alternative, and fixed-income solutions. AMG also takes on the responsibility of managing assets for philanthropic foundations, educational endowments, and both corporate and municipal defined benefit and defined contribution pension plans. Overall, Affiliated Managers Group delivers overarching investment management, personalized investment counseling, and crucial fiduciary oversight. Founded in 1993, the firm's headquarters are located in West Palm Beach, Florida. Beyond its primary base, AMG maintains a significant global footprint 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.

Industry
Asset Management
Sector
Financial Services
Headquarters
US
CEO
Jay C. Horgen
Listed since
Mar 27, 2024
Employees
4,100

Market position

Day range

Current $22.395

52-week range

Current $22.395

Open
$22.57
Previous close
$22.70
Volume
41.09K
1.48× average
Average volume
27.79K
Average daily volume
Market cap
9.45B USD
Beta
1.18
Market reference 1
50-day average
$22.9255
-2.31% below average
200-day average
$23.8109
-5.95% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
10.32B USD
EV / EBITDA
6.91×
Earnings yield
8.72%
Free cash flow yield
12.23%

Profitability & efficiency

Return on equity
22.13%
Return on assets
7.78%
Return on invested capital
7.05%

Financial health

Current ratio
1.34×

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

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

$0.4219

Quarterly

Record Sep 29, 2026 · Payment Sep 30, 2026

Dividend

Ex-dividend Jun 29, 2026

$0.4219

Quarterly

Record Jun 29, 2026 · Payment Jun 30, 2026

Dividend

Ex-dividend Mar 27, 2026

$0.4219

Quarterly

Record Mar 27, 2026 · Payment Mar 30, 2026

Dividend

Ex-dividend Dec 29, 2025

$0.4219

Quarterly

Record Dec 29, 2025 · Payment Dec 30, 2025

Dividend

Ex-dividend Sep 29, 2025

$0.4219

Quarterly

Record Sep 29, 2025 · Payment Sep 30, 2025

Dividend

Ex-dividend Jun 27, 2025

$0.4219

Quarterly

Record Jun 27, 2025 · Payment Jun 30, 2025

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