Affiliated Managers Group Q1 adjusted EBITDA beats estimates

Affiliated Managers

01/05/2026 11:46

Overview

Investment management platform's Q1 adjusted EBITDA beat analyst expectations

Company reported record AUM of $882 bln and net client inflows of $22.5 bln

Company repurchased $186 mln in common stock during the quarter

Outlook

Company did not provide specific financial guidance for the current or future periods

Result Drivers

ALTERNATIVE STRATEGIES DEMAND - Company said broad-based demand for liquid alternative and private markets strategies drove record net client inflows

CAPITAL ALLOCATION - Co cited disciplined capital allocation, including investments in BBH Credit Partners, HighBrook Investors, and Garda Capital Partners, as supporting growth

Company press release: ID:nGNX7Lg3Ny

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$3.84
Q1 Net Income (controlling interest)
$110.40 mln
Q1 Adjusted EBITDA
Beat
$317.30 mln
$312.65 mln (4 Analysts)
Q1 Assets Under Management
$882 bln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy."

Wall Street's median 12-month price target for Affiliated Managers Group Inc is $378.50, about 28.4% above its April 30 closing price of $294.67

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)