Affiliated Managers Group delivers 36% operating margins, a perfect Piotroski financial strength score of 9 out of 9, and four consecutive earnings beats, and screens attractively at a forward multiple of 9 times with a PEG ratio near 1.1; however, free cash flow converts at only 31% of net income, RSI sits at an overbought 80, and the stock is just 1.0% below its near-term resistance target — the setup favors patience over adding.
Thesis pillars
- Peer Relative Quality Superiority→Stable
- Poor Free Cash Conversion→Stable
- Consistent Earnings Beat Streak↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Affiliated Managers Group, Inc. (AMG) Stock Analysis
Range Bound setup
Financial Services · Asset Management
Wait for pullback to $335.19. BUY gates pass at $365.46, but analyst target reached - limited upside remaining and near 52-week high (4.5% away) argue for a more patient entry. Engine's entry $335.19 (support + ATR (held)) is the shallowest technical level that clears the 2:1 A.R:R minimum.
Affiliated Managers Group holds equity stakes in independent investment management firms (Affiliates) that collectively managed $813 billion in AUM at December 31, 2025, across private markets ($146B), liquid alternatives ($227B), equities ($312B), and multi-asset/fixed income... Read more
Wait for pullback to $335.19. BUY gates pass at $365.46, but analyst target reached - limited upside remaining and near 52-week high (4.5% away) argue for a more patient entry. Engine's entry $335.19 (support + ATR (held)) is the shallowest technical level that clears the 2:1 A.R:R minimum. Chart setup: RSI 50 mid-range, Bollinger mid-band. Earnings in 0 days. Wait until post-earnings. Score 6.4/10, moderate confidence.
Passes 6/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 0d<=7d. Suitability: moderate.
About Affiliated Managers Group, Inc.
About Affiliated Managers Group, Inc.
Affiliated Managers Group's Affiliates managed $813 billion in AUM at December 31, 2025—$146 billion in private markets, $227 billion in liquid alternatives, $312 billion in equities, and $128 billion in multi-asset/fixed income. The majority of Affiliates are registered with the SEC under the Investment Advisers Act of 1940, with UK-active Affiliates regulated by the Financial Conduct Authority. AMG employed approximately 250 direct staff of the roughly 5,600 total AMG and Affiliate employees at year-end 2025.
AMG's revenue derives from structured partnership interests in each Affiliate under two primary structures: a contractual share of Affiliate revenue without regard to expenses (comprising Affiliates that generate a majority of consolidated revenue), or a share of revenue less agreed-upon expenses. Fee income varies by Affiliate investment performance, product mix, and AUM levels. Performance-based fees—which include high-watermark provisions requiring underperforming products to recover prior losses before new fees accrue—can fluctuate significantly period to period. Growth investments have shifted over more than three decades toward alternative strategies in private markets and liquid alternatives. Distribution capabilities extend to institutional and wealth clients across the U.S., Europe, UK, Middle East, and Asia. AMG's U.S. wealth distribution subsidiary is registered with the SEC and sponsors mutual funds under the Investment Company Act; its UK institutional subsidiary is regulated by the Financial Conduct Authority.
Show full overview
The filing discloses that certain Affiliates contribute more significantly to AMG's results and that changes in their fee levels 'could have a disproportionate adverse impact' on the company's financial condition. This exposure is compounded by investment management contracts that are typically terminable without penalty on notice not longer than 60 days, making high-contribution Affiliates' client bases sensitive to rapid withdrawal. AMG carried $2.7 billion in outstanding debt and $285.0 million in unfunded general partner and seed capital commitments at December 31, 2025, meaning any sudden Affiliate AUM contraction could simultaneously compress revenues and constrain financial flexibility.
See also: Financial Services · Asset Management
From Affiliated Managers Group, Inc.'s most recent 10-K filing, extracted June 9, 2026.
Recent developments
updated 2026-07-30Recent Developments — Affiliated Managers Group, Inc.
Latest news
- NEWS Empowered Funds LLC Grows Position in Affiliated Managers Group, Inc. $AMG - MarketBeat — MarketBeat neutral
- NEWS Affiliated Managers Group (AMG) Q2 Earnings: What To Expect - StockStory — StockStory neutral
- NEWS Affiliated Managers Group (AMG) Q2 Earnings: What To Expect - TradingView — TradingView neutral
- NEWS Affiliated Managers Group (AMG) Q2 Earnings: What To Expect - tradingview.com — tradingview.com neutral
- NEWS Affiliated Managers Group (AMG) Q2 Earnings: What To Expect - FinancialContent — FinancialContent neutral
Generated 2026-07-31T01:58:49Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
10 dimensions · all in-band
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $335.19. BUY gates pass at $365.46, but analyst target reached - limited upside remaining and near 52-week high (4.5% away) argue for a more patient entry. Engine's entry $335.19 (support + ATR (held)) is the shallowest technical level that clears the 2:1 A.R:R minimum. Chart setup: RSI 50 mid-range, Bollinger mid-band. Earnings in 0 days. Wait until post-earnings. Target $375.09 (+2.6%), stop $305.00 (−19.8%), A.R:R -0.2:1. Score 6.4/10, moderate confidence.
Take-profit target: $375.09 (-1.9% upside). Target $375.09 (+2.6%), stop $305.00 (−19.8%), A.R:R -0.2:1. Stop-loss: $305.00.
Analyst target reached - limited upside remaining; Near 52-week high (4.5% away).
Affiliated Managers Group, Inc. trades at a P/E of 15.2 (forward 8.8). TrendMatrix value score: 6.2/10. Verdict: Buy (Wait for Entry).
10 analysts cover AMG with a consensus score of 4.3/5. Average price target: $412.
What does Affiliated Managers Group, Inc. do?Affiliated Managers Group holds equity stakes in independent investment management firms (Affiliates) that collectively...
Affiliated Managers Group holds equity stakes in independent investment management firms (Affiliates) that collectively managed $813 billion in AUM at December 31, 2025, across private markets ($146B), liquid alternatives ($227B), equities ($312B), and multi-asset/fixed income ($128B). AMG earns revenue through structured partnership interests, receiving a contractual share of each Affiliate's revenue or revenue less expenses.