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Affiliated Managers Group, Inc.(AMG)
Top performer •
Today’s top pick 
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for AMG
10/09/2026: AMG (5-star) is a STRONG-BUY. BUY for 5 days. Simulated Profits (1.72%). Updated daily EoD!
Affiliated Managers Group, Inc. (AMG) is an asset management firm that uses a decentralized multi-boutique model to provide institutional and retail investors with access to diverse, specialized investment strategies. The company's strengths lie in its ability to partner with entrepreneurial boutique firms while maintaining a disciplined approach to capital allocation and share repurchases. While it offers a unique growth opportunity through its focus on high-margin alternatives and specialized equities, the business faces significant risks from market volatility and the industry-wide shift toward low-cost passive investing. It best suits investors seeking specialized market exposure rather than stable income, and it is crucial for investors to monitor affiliate performance and industry fee trends.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | AMG offers exposure to the asset management sector, but growth is tied to market volatility and the success of individual boutiques. |
| Momentum investor | Strong fit while signal remains positive | The stock can track market sentiment; momentum investors may find opportunity during broad market upturns. |
| Value investor | Strong fit | AMG often trades at reasonable valuation multiples relative to earnings, appealing to value-oriented investors. |
| Dividend investor | Weak fit | The company historically prioritizes share repurchases and reinvestment over regular dividend payments. |
| Low-risk investor | Weak fit | The business is sensitive to market volatility, which can lead to share price fluctuations. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The stock is sensitive to swings in global equity markets and investor sentiment toward asset managers. |
| Valuation risk | Medium | Changes in market multiples can impact the stock price despite the firm's underlying earnings performance. |
| Competition risk (Market shift to passive) | High | The ongoing industry migration to passive index funds puts pressure on the active management fees earned by AMG's affiliates. |
| Business quality | Medium | While the partnership model is robust, it relies heavily on the reputation and performance of independent firms. |
| Dividend income | Low / none | AMG does not focus on providing a consistent dividend income stream to shareholders. |
| Execution risk | Medium | The firm must successfully source and integrate high-quality investment boutiques to sustain its growth strategy. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit 136.77% | Avg. Invested days 88 | Today’s Advisory Strong Buy |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/09/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 10.01B USD | Price to earnings Ratio 13.57 | 1Y Target Price 440.43 |
Price to earnings Ratio 13.57 | 1Y Target Price 440.43 | ||
Volume (30-day avg) 298.3K shares | Beta 1.07 | 52 Weeks Range 231.50 - 393.42 | Updated Date 10/11/2026 |
52 Weeks Range 231.50 - 393.42 | Updated Date 10/11/2026 | ||
Dividends yield (FY) 0.01% | Basic EPS (TTM) 28.54 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Investment Management Fees | Asset-based management fees earned by AMG's affiliate firms across equity, alternative, and fixed-income strategies. | AMG earns the majority of its revenue from the fees its partner boutiques charge for managing client investments. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 13.57 | Forward PE 8.8 | Enterprise Value 12.06B | Price to Sales(TTM) 4.41 |
Enterprise Value 12.06B | Price to Sales(TTM) 4.41 | ||
Enterprise Value to Revenue 5.31 | Enterprise Value to EBITDA 7.21 | Shares Outstanding 25.86M | Shares Floating 24.85M |
Shares Outstanding 25.86M | Shares Floating 24.85M | ||
Percent Insiders 4.23 | Percent Institutions 100.57 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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