AMG Q4 adjusted EBITDA beats analyst expectations

Affiliated Managers

12/02/2026 12:06

Overview

Investment manager's Q4 adjusted EBITDA beat analyst expectations

Company reported $12 bln net client cash inflows in Q4, driven by alternative strategies

Company repurchased $700 mln in common stock in 2025

Outlook

Company expects to drive further earnings growth in 2026 through strategic partnerships

AMG aims to expand presence in U.S. wealth marketplace in 2026

Company plans to invest in growth areas supported by strong capital position

Result Drivers

ALTERNATIVE STRATEGIES - AMG's Q4 results were driven by $12 bln net client cash inflows, primarily from alternative strategies

GROWTH INVESTMENTS - Co committed over $1 bln to new growth investments in 2025, broadening exposure to alternative strategies

PRIVATE MARKETS AND LIQUID ALTERNATIVES - AMG's private markets and liquid alternatives strategies saw significant inflows, highlighting demand

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$11.21
Q4 Net Income
$347.60 mln
Q4 Adjusted EBITDA
Beat
$378.10 mln
$354.79 mln (5 Analysts)
Q4 Assets Under Management
$813.30 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 $360.00, about 16.8% above its February 11 closing price of $308.09

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

Press Release: ID:nGNX1gDmYH

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.)