Affiliated Managers Group (AMG)
Builds equity partnerships with independent investment firms while preserving their operating autonomy.
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Builds equity partnerships with independent investment firms whose principals retain ownership and investment independence. Affiliate capabilities span liquid alternatives, private markets, multi-asset, and differentiated equities.
Builds long-term equity partnerships with independent, partner-owned investment firms. Affiliate principals retain direct equity ownership and day-to-day investment independence, while AMG provides strategic, business-development, operational, and capital support. The structure preserves each Affiliate's investment identity, management team, and long-term ownership.
Its Affiliate portfolio spans liquid alternatives, private markets, multi-asset, and differentiated equity strategies, with institutional distribution outside the United States and a growing U.S. wealth-market presence. Results depend on Affiliate investment performance, their retention of investment professionals, their ability to market strategies, and the changing mix of Affiliate earnings contributions.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 31, 2026 | Barrington | Target | Target: $285 | Target: $425 |
| May 4, 2026 | Deutsche Bank | Target | Target: $408 | Target: $400 |
| May 4, 2026 | Goldman Sachs | Target | Target: $341 | Target: $405 |
| Feb 13, 2026 | Deutsche Bank | Target | Target: $204 | Target: $408 |
| Jan 6, 2026 | Goldman Sachs | Reiterate | Rating: —Target: — | Target: $341 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $411.0M · Total debt $3.00B · Total assets $9.40B · Shareholders' equity $3.04B
- Revenue
- $655.3M
- Operating income
- $209.1M
- Net income
- $185.9M
HistoryDividendAnnual yield
| Institutions | 96.57% | 25.51M shares | |
|---|---|---|---|
| 580 holders · as of Jun 30, 2026 | |||
| Insiders | 3.00% | 792.4K shares | |
| 15 holders · as of Aug 18, 2026 | |||
| Other | 0.43% | 112.7K shares | |
| remainder | |||
26.41M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Eaton Vance ManagementInstitution | 10.97% | 2.90M | filed Feb 16, 2021 |
BlackRock, Inc.Institution | 10.50% | 2.77M | as of Jun 30, 2026 |
Morgan StanleyInstitution | 5.63% | 1.49M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.27% | 1.39M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.36% | 1.15M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 8, 2026 | Jay C. Horgen | director, officer: President and CEO | −17,500 | $338.27 |
| May 6, 2026 | David Christopher Ryan | director | −3,402 | $305.06 |
| May 8, 2026 | Rodriguez Felix V. Matos | director | −1,000 | $300.18 |
| May 6, 2026 | G. Staley Cates | director | +1,500 | $305.83 |
| Mar 9, 2026 | Kavita Padiyar | officer: General Counsel & Corp. Sec. | −2,200 | $278.24 |
- Blue Owl Capital
Minority-stakes and private-wealth rival in alternatives
- Victory Capital
Multi-boutique rival with centralized distribution
- TPG
Scaled alternatives platform across private markets
- The Carlyle Group
Private-capital competitor spanning equity, credit, and secondaries
- StepStone Group
Private-markets solutions and wealth-distribution competitor
- Franklin Templeton
Specialist-manager platform with broad alternatives capability
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Affiliated Managers Group | $362.68 | −0.54% | $9.63B | 12.6 | 9.1 | 3.8 | +29.9% |
| Blue Owl Capital | $9.90 | −1.20% | $15.66B | 84.3 | 10.7 | 5.2 | +7.1% |
| Victory Capital | $104.97 | −2.59% | $6.74B | 19.8 | 12.6 | 4.3 | +22.4% |
| TPG | $45.57 | −2.04% | $17.83B | 53.5 | 14.2 | 3.8 | −31.8% |
| The Carlyle Group | $40.44 | −1.03% | $14.71B | 42.5 | 9.8 | 3.7 | −29.3% |
| StepStone Group | $46.77 | −1.43% | $6.13B | — | 17.7 | 3.1 | +26.6% |
| Franklin Templeton | $33.24 | −1.20% | $17.48B | 22.4 | 10.8 | 1.9 | −12.0% |
| Median | 42.5 | 11.7 | 3.8 | −2.4% |