Affiliated Managers Group (AMG) Stock Forecast & Price Target
AMG$396.04+2.80 +0.71%
$10.24B
Market Cap
12.62
P/E
10.64
Forward P/E
61
Score
Affiliated Managers Group (AMG) Stock Forecast & Price Target
AMG price $396.04 +2.80 +0.71%
- Ticker
- AMG
- Price
- $396.04
- Change
- +2.80 +0.71%
- Market cap ?
- $10.24B
- P/E ?
- 12.62
- Forward P/E ?
- 10.64
- Dividend yield ?
- 0.01%
- Beta ?
- 1.07
- Sector
- Financial Services
- Industry
- Asset Management
- Stocklytics score
- 61
- Value
- 60
- Quality
- 47
- Growth
- 77
Stocklytics score rationale: value 60, quality 47, growth 77.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 2194600000 | 2305000000 | 2378400000 | 2239600000 | 2027500000 | 2412400000 | 2329600000 | 2057800000 | 2040900000 | 2445700000 |
Affiliated Managers Group, Inc. (AMG) functions as an asset management firm, leveraging its network of affiliates to provide comprehensive investment management solutions. Its primary clientele in the United States includes mutual funds, institutional investors, and high-net-worth individuals. AMG additionally offers advisory and subadvisory services to mutual funds, which are distributed to retail and institutional…
Fair value
AMG fair value $917.64. Price $396.04. Price is 57% below fair value.
Below fair value, but more expensive than usual. A smaller discount than on 62% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 1.09B. Growth 12.66%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 10.20% (beta 1.1). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 25.86M. Net debt 2.11B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-11-02 | — | 8.79 | — | 655.08M |
| 2026-07-29 | 8.29 | 7.90 | 640.70M | 590.94M |
| 2026-05-01 | 8.23 | 8.10 | 544.90M | 544.01M |
| 2026-02-12 | 9.48 | 8.75 | 556.60M | 578.54M |
| 2025-11-03 | 6.10 | 5.83 | 528.00M | 578.54M |
| 2025-07-31 | 5.39 | 5.26 | 493.20M | 540.81M |
| 2025-05-08 | 5.20 | 5.10 | 496.60M | 512.27M |
| 2025-02-06 | 6.53 | 6.02 | 521.00M | 530.54M |
| 2024-11-04 | 4.82 | 4.84 | 516.40M | 521.87M |
| 2024-07-29 | 4.67 | 4.60 | 500.30M | 521.26M |
| 2024-05-06 | 5.37 | 5.23 | 499.90M | 526.53M |
| 2024-02-05 | 6.86 | 6.02 | 502.60M | 524.98M |
| 2023-11-06 | 4.08 | 3.78 | 525.20M | 509.43M |
| 2023-07-26 | 4.45 | 4.23 | 512.50M | 535.98M |
| 2023-05-01 | 4.18 | 4.16 | 517.40M | 540.08M |
| 2023-02-06 | 7.28 | 7.03 | 583.40M | 605.95M |
| 2022-11-07 | 4.21 | 3.92 | 578.60M | 553.18M |
| 2022-08-01 | 4.03 | 4.00 | 604.10M | 573.72M |
| 2022-05-02 | 4.65 | 4.34 | 607.30M | 662.80M |
| 2022-02-07 | 6.10 | 5.81 | 691.80M | 626.11M |
| 2021-11-01 | 4.00 | 3.91 | 575.20M | 590.96M |
| 2021-07-28 | 4.03 | 3.82 | 586.30M | 590.96M |
| 2021-05-03 | 4.28 | 4.24 | 559.10M | 555.72M |
| 2021-02-08 | 4.22 | 3.73 | 554.30M | 505.77M |
| 2020-10-26 | 3.27 | 2.86 | 494.80M | 419.88M |
| 2020-07-27 | 2.74 | 2.70 | 471.10M | 465.94M |
| 2020-04-27 | 3.16 | 3.14 | 507.30M | 494.46M |
| 2020-02-03 | 4.52 | 4.03 | 555.60M | 502.74M |
| 2019-10-28 | 3.16 | 3.14 | 549.00M | 545.53M |
| 2019-07-29 | 3.33 | 3.19 | 591.90M | 567.02M |
| 2019-05-06 | 3.26 | 3.27 | 543.10M | 543.10M |
| 2019-02-04 | 3.53 | 3.51 | 567.30M | 561.30M |
| 2018-10-29 | 3.45 | 3.41 | 601.30M | 596.07M |
| 2018-07-30 | 3.61 | 3.59 | 600.10M | 596.78M |
| 2018-04-30 | 3.92 | 3.88 | 612.40M | 607.81M |
| 2018-01-29 | 4.68 | 4.53 | 604.10M | 584.74M |
| 2017-10-30 | 3.41 | 3.36 | 585.70M | 577.11M |
| 2017-07-31 | 3.33 | 3.24 | 570.90M | 555.47M |
| 2017-05-01 | 3.21 | 3.17 | 544.30M | 539.21M |
| 2017-01-30 | 3.80 | 3.70 | 550.40M | 537.36M |
Dividends
Yield 0.01%. Payout ratio 0.06%. Frequency Quarterly.
Safety score 91/100 · Safe. Payout ratio is 0% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 10 separate years. Yield is 0.0%, which is low.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2026-08-10 | $0.01 | 2026-08-10 | 2026-08-24 | Quarterly |
| 2026-05-11 | $0.01 | 2026-05-11 | 2026-05-26 | Quarterly |
| 2026-02-23 | $0.01 | 2026-02-23 | 2026-03-09 | Quarterly |
| 2025-11-13 | $0.01 | 2025-11-13 | 2025-11-28 | Quarterly |
| 2025-08-11 | $0.01 | 2025-08-11 | 2025-08-25 | Quarterly |
| 2025-05-19 | $0.01 | 2025-05-19 | 2025-06-02 | Quarterly |
| 2025-02-18 | $0.01 | 2025-02-18 | 2025-03-04 | Quarterly |
| 2024-11-14 | $0.01 | 2024-11-14 | 2024-11-29 | Quarterly |
| 2024-08-08 | $0.01 | 2024-08-08 | 2024-08-22 | Quarterly |
| 2024-05-15 | $0.01 | 2024-05-16 | 2024-05-30 | Quarterly |
| 2024-02-14 | $0.01 | 2024-02-15 | 2024-02-29 | Quarterly |
| 2023-11-15 | $0.01 | 2023-11-16 | 2023-11-30 | Quarterly |
| 2023-08-04 | $0.01 | 2023-08-07 | 2023-08-21 | Quarterly |
| 2023-05-10 | $0.01 | 2023-05-11 | 2023-05-25 | Quarterly |
| 2023-02-15 | $0.01 | 2023-02-16 | 2023-03-02 | Quarterly |
| 2022-11-16 | $0.01 | 2022-11-17 | 2022-12-01 | Quarterly |
| 2022-08-10 | $0.01 | 2022-08-11 | 2022-08-25 | Quarterly |
| 2022-05-11 | $0.01 | 2022-05-12 | 2022-05-26 | Quarterly |
| 2022-02-16 | $0.01 | 2022-02-17 | 2022-03-03 | Quarterly |
| 2021-11-09 | $0.01 | 2021-11-10 | 2021-11-24 | Quarterly |
| 2021-08-05 | $0.01 | 2021-08-06 | 2021-08-20 | Quarterly |
| 2021-05-12 | $0.01 | 2021-05-13 | 2021-05-27 | Quarterly |
| 2021-02-17 | $0.01 | 2021-02-18 | 2021-03-04 | Quarterly |
| 2020-11-04 | $0.01 | 2020-11-05 | 2020-11-20 | Quarterly |
| 2020-08-05 | $0.01 | 2020-08-06 | 2020-08-20 | Quarterly |
| 2020-05-06 | $0.01 | 2020-05-07 | 2020-05-21 | Quarterly |
| 2020-02-12 | $0.32 | 2020-02-13 | 2020-02-27 | Quarterly |
| 2019-11-06 | $0.32 | 2019-11-07 | 2019-11-21 | Quarterly |
| 2019-08-07 | $0.32 | 2019-08-08 | 2019-08-22 | Quarterly |
| 2019-05-15 | $0.32 | 2019-05-16 | 2019-05-30 | Quarterly |
| 2019-02-13 | $0.32 | 2019-02-14 | 2019-03-01 | Quarterly |
| 2018-11-07 | $0.30 | 2018-11-08 | 2018-11-21 | Quarterly |
| 2018-08-08 | $0.30 | 2018-08-09 | 2018-08-23 | Quarterly |
| 2018-05-09 | $0.30 | 2018-05-10 | 2018-05-24 | Quarterly |
| 2018-02-07 | $0.30 | 2018-02-08 | 2018-02-23 | Quarterly |
| 2017-11-08 | $0.20 | 2017-11-09 | 2017-11-22 | Quarterly |
| 2017-08-08 | $0.20 | 2017-08-10 | 2017-08-24 | Quarterly |
| 2017-05-09 | $0.20 | 2017-05-11 | 2017-05-25 | Quarterly |
| 2017-02-07 | $0.20 | 2017-02-09 | 2017-02-23 | Quarterly |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-08-15 | Matos Rodriguez Felix V. | Buy | 848 | — | — |
| 2026-08-15 | Matos Rodriguez Felix V. | Sell | 848 | — | — |
| 2026-08-15 | FRANQUI ANNETTE | Buy | 477 | — | — |
| 2026-08-15 | FRANQUI ANNETTE | Sell | 477 | — | — |
| 2026-08-15 | Matos Rodriguez Felix V. | Buy | 654 | — | — |
| 2026-08-15 | Matos Rodriguez Felix V. | Sell | 654 | — | — |
| 2026-08-15 | STARR LOREN M | Sell | 716 | — | — |
| 2026-08-15 | STARR LOREN M | Buy | 716 | — | — |
| 2026-08-15 | Palandjian Tracy P. | Buy | 848 | — | — |
| 2026-08-15 | Palandjian Tracy P. | Sell | 848 | — | — |
| 2026-07-30 | STARR LOREN M | Buy | 411 | — | — |
| 2026-07-30 | STARR LOREN M | Buy | 210 | — | — |
| 2026-07-30 | FRANQUI ANNETTE | Buy | 274 | — | — |
| 2026-07-30 | Palandjian Tracy P. | Buy | 274 | — | — |
| 2026-07-30 | Matos Rodriguez Felix V. | Buy | 274 | — | — |
| 2026-07-30 | Engel Marcy | Buy | 274 | — | — |
| 2026-07-30 | Cates G. Staley | Buy | 274 | — | — |
| 2026-06-12 | Palandjian Tracy P. | Buy | 2.96K | $82.07 | 242.76K |
| 2026-06-12 | Palandjian Tracy P. | Sell | 685 | $354.62 | 242.91K |
| 2026-06-12 | Palandjian Tracy P. | Sell | 2.96K | $82.07 | 242.76K |
| 2026-06-08 | Horgen Jay C. | Buy | 75.00K | $74.49 | 5.59M |
| 2026-06-08 | Horgen Jay C. | Sell | 39.67K | $336.62 | 13.35M |
| 2026-06-08 | Horgen Jay C. | Sell | 17.50K | $338.27 | 5.92M |
| 2026-06-08 | Horgen Jay C. | Sell | 75.00K | $74.49 | 5.59M |
| 2026-05-08 | Matos Rodriguez Felix V. | Sell | 1.00K | $300.18 | 300.18K |
| 2026-05-06 | Ryan David Christopher | Sell | 3.40K | $305.06 | 1.04M |
| 2026-05-06 | Cates G. Staley | Buy | 1.50K | $305.83 | 458.75K |
| 2026-05-01 | Cates G. Staley | Buy | 172 | — | — |
| 2026-04-15 | Patel Cheerag B. | Other | 2.75K | — | — |
| 2026-04-15 | Patel Cheerag B. | Other | 0 | — | — |
| 2026-04-01 | Cates G. Staley | Other | 0 | — | — |
| 2026-03-09 | Padiyar Kavita | Sell | 2.20K | $278.24 | 612.13K |
| 2026-03-06 | Wojcik Thomas M | Sell | 8.00K | $286.30 | 2.29M |
| 2026-03-05 | Wojcik Thomas M | Buy | 10.62K | — | — |
| 2026-03-05 | Wojcik Thomas M | Sell | 9.14K | $299.18 | 2.73M |
| 2026-03-05 | Wojcik Thomas M | Buy | 7.27K | — | — |
| 2026-03-05 | Wojcik Thomas M | Sell | 7.27K | — | — |
| 2026-03-05 | Padiyar Kavita | Buy | 2.43K | — | — |
| 2026-03-05 | Padiyar Kavita | Sell | 2.28K | $299.18 | 682.73K |
| 2026-03-05 | Padiyar Kavita | Buy | 2.29K | — | — |
| 2026-03-05 | Padiyar Kavita | Sell | 2.29K | — | — |
| 2026-03-05 | Padiyar Kavita | Buy | 1.19K | — | — |
| 2026-03-05 | Horgen Jay C. | Buy | 27.26K | — | — |
| 2026-03-05 | Horgen Jay C. | Sell | 18.33K | $299.18 | 5.48M |
| 2026-03-05 | Horgen Jay C. | Buy | 17.56K | — | — |
| 2026-03-05 | Horgen Jay C. | Sell | 17.56K | — | — |
| 2026-03-05 | Horgen Jay C. | Buy | 8.54K | — | — |
| 2026-03-05 | RITCHEA DAVA | Sell | 601 | — | — |
| 2026-03-05 | RITCHEA DAVA | Buy | 1.67K | — | — |
| 2026-03-05 | RITCHEA DAVA | Buy | 601 | — | — |
| 2026-03-05 | RITCHEA DAVA | Sell | 292 | $299.18 | 87.36K |
| 2026-03-05 | Alvingham Karen L. | Buy | 867 | — | — |
| 2026-03-05 | Alvingham Karen L. | Sell | 67 | $299.18 | 20.05K |
| 2026-03-05 | Alvingham Karen L. | Sell | 867 | — | — |
| 2026-03-05 | Alvingham Karen L. | Buy | 171 | — | — |
| 2026-03-05 | Alvingham Karen L. | Buy | 98 | — | — |
| 2026-03-05 | Ryan David Christopher | Buy | 867 | — | — |
| 2026-03-05 | Ryan David Christopher | Sell | 867 | — | — |
| 2026-03-05 | Ryan David Christopher | Buy | 335 | — | — |
| 2026-03-05 | STARR LOREN M | Sell | 652 | — | — |
| 2026-03-05 | STARR LOREN M | Buy | 652 | — | — |
| 2026-03-05 | STARR LOREN M | Buy | 503 | — | — |
| 2026-03-05 | STARR LOREN M | Buy | 257 | — | — |
| 2026-03-05 | Engel Marcy | Buy | 335 | — | — |
| 2026-03-05 | Matos Rodriguez Felix V. | Buy | 867 | — | — |
| 2026-03-05 | Matos Rodriguez Felix V. | Sell | 867 | — | — |
| 2026-03-05 | Matos Rodriguez Felix V. | Buy | 335 | — | — |
| 2026-03-05 | Palandjian Tracy P. | Buy | 867 | — | — |
| 2026-03-05 | Palandjian Tracy P. | Sell | 867 | — | — |
| 2026-03-05 | Palandjian Tracy P. | Buy | 335 | — | — |
| 2026-03-05 | FRANQUI ANNETTE | Buy | 548 | — | — |
| 2026-03-05 | FRANQUI ANNETTE | Sell | 548 | — | — |
| 2026-03-05 | FRANQUI ANNETTE | Buy | 335 | — | — |
| 2025-12-23 | Horgen Jay C. | Sell | 4.00K | — | — |
| 2025-11-25 | Palandjian Tracy P. | Sell | 3.50K | — | — |
| 2025-11-07 | Alvingham Karen L. | Buy | 560 | $69.63 | 38.99K |
| 2025-11-07 | Alvingham Karen L. | Sell | 182 | $259.26 | 47.19K |
| 2025-11-07 | Alvingham Karen L. | Sell | 560 | $69.63 | 38.99K |
| 2025-11-03 | Engel Marcy | Buy | 199 | — | — |
| 2025-09-30 | Engel Marcy | Other | 0 | — | — |
| 2025-09-09 | Wojcik Thomas M | Sell | 16.00K | $231.03 | 3.70M |
| 2025-09-08 | Wojcik Thomas M | Buy | 169.30K | $74.49 | 12.61M |
| 2025-09-08 | Wojcik Thomas M | Sell | 114.01K | $231.19 | 26.36M |
| 2025-09-08 | Wojcik Thomas M | Sell | 169.30K | $74.49 | 12.61M |
| 2025-09-02 | Horgen Jay C. | Buy | 75.00K | $74.49 | 5.59M |
| 2025-09-02 | Horgen Jay C. | Sell | 44.94K | $229.97 | 10.33M |
| 2025-09-02 | Horgen Jay C. | Sell | 75.00K | $74.49 | 5.59M |
| 2025-09-02 | Padiyar Kavita | Buy | 47.73K | $73.81 | 3.52M |
| 2025-09-02 | Padiyar Kavita | Sell | 30.99K | $229.97 | 7.13M |
| 2025-09-02 | Padiyar Kavita | Sell | 47.73K | $73.81 | 3.52M |
| 2025-08-15 | Churchill Dwight D. | Buy | 1.40K | — | — |
| 2025-08-15 | Churchill Dwight D. | Sell | 1.40K | — | — |
| 2025-08-15 | Ryan David Christopher | Sell | 1.09K | — | — |
| 2025-08-15 | Ryan David Christopher | Buy | 1.09K | — | — |
| 2025-08-15 | STARR LOREN M | Sell | 544 | — | — |
| 2025-08-15 | STARR LOREN M | Buy | 544 | — | — |
| 2025-08-15 | Alvingham Karen L. | Buy | 1.09K | — | — |
| 2025-08-15 | Alvingham Karen L. | Sell | 84 | $218.70 | 18.37K |
| 2025-08-15 | Alvingham Karen L. | Sell | 1.09K | — | — |
| 2025-08-15 | FRANQUI ANNETTE | Sell | 664 | — | — |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 582, holders +24 vs prior quarter. Ownership 95.22%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| BLACKROCK, INC. | 2.77M | -94.93K | -3.31% | 938.29M |
| MORGAN STANLEY | 1.49M | -245.29K | -14.16% | 503.28M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 1.39M | 32.04K | +2.36% | 471.00M |
| VANGUARD CAPITAL MANAGEMENT LLC | 1.15M | -23.66K | -2.01% | 389.53M |
| BOSTON PARTNERS | 1.00M | 30.72K | +3.16% | 339.15M |
| ARIEL INVESTMENTS, LLC | 999.68K | -64.35K | -6.05% | 338.29M |
| STATE STREET CORP | 883.32K | -43.41K | -4.68% | 298.92M |
| MILLENNIUM MANAGEMENT LLC | 875.12K | 875.12K | New | 296.14M |
| FULLER & THALER ASSET MANAGEMENT, INC. | 857.76K | 97.54K | +12.83% | 290.26M |
| DIMENSIONAL FUND ADVISORS LP | 670.20K | -48.12K | -6.70% | 226.80M |
| GEODE CAPITAL MANAGEMENT, LLC | 590.76K | -45.02K | -7.08% | 199.95M |
| LSV ASSET MANAGEMENT | 533.61K | 56.80K | +11.91% | 180.57M |
| LYRICAL ASSET MANAGEMENT LP | 472.89K | -29.23K | -5.82% | 160.02M |
| ALLIANZ ASSET MANAGEMENT GMBH | 453.99K | -34.75K | -7.11% | 153.63M |
| BANK OF AMERICA CORP /DE/ | 432.42K | 22.84K | +5.58% | 146.33M |
| INVESCO LTD. | 380.62K | 64.13K | +20.26% | 128.80M |
| NORGES BANK | 361.47K | 361.47K | New | 122.32M |
| NORTHERN TRUST CORP | 322.67K | -26.21K | -7.51% | 109.19M |
| JANE STREET GROUP, LLC | 309.13K | 56.63K | +22.43% | 104.61M |
| CHANNING CAPITAL MANAGEMENT, LLC | 302.51K | -158 | -0.05% | 102.37M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 287.80K | -20.24K | -6.57% | 97.39M |
| SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. | 287.80K | 287.80K | New | 97.39M |
| BANK OF NEW YORK MELLON CORP | 281.97K | -18.30K | -6.09% | 95.42M |
| QUBE RESEARCH & TECHNOLOGIES LTD | 268.74K | 114.50K | +74.24% | 90.94M |
| GOLDMAN SACHS GROUP INC | 258.33K | 72.97K | +39.37% | 87.42M |
Forecast
Consensus Buy from 7 analysts. Average price target $410.00, +3.5% versus the current price. Low $400.00. High $425.00.
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