AMG

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Affiliated Managers Group (AMG), which belongs to the Zacks Financial - Investment Management industry. This asset manager has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 4.97%. For the last reported quarter, Affiliated Managers came out with earnings of $8.23 per share versus the Zacks Consensus Estimate of $8.1 per share, representing a surprise of 1.60%. For the previous quarter, the company was expected to post earnings of $8.75 per share and it actually produced earnings of $9.48 per share, delivering a surprise of 8.34%. Thanks in part to this history, there has been a favorable change in earnings estimates for Affiliated Managers lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Affiliated Managers currently has an Earnings ESP of +4.43%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner. Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric. Many companies end up beating the consensus EPS estimate, though...

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Affiliated Managers Group (AMG) recently posted quarterly earnings, reporting revenue up 9.7% year over year but slightly below forecasts. Despite this, the stock has climbed 23.6% since the report, drawing fresh investor interest. See our latest analysis for Affiliated Managers Group. The recent 23.6% share price gain since earnings fits into a stronger trend for Affiliated Managers Group, with a 90 day share price return of 27.9% and a 1 year total shareholder return of 76.4%. This suggests momentum has been building rather than fading. If strong recent gains in Affiliated Managers Group have you thinking about where else capital is flowing, it could be worth scanning a curated set of resilient businesses through the 18 top founder-led companies So is this sharp re-rating in Affiliated Managers Group mainly a catch up to its revenue and net income trend, or more about investors warming to the stock after a softer than expected quarter on forecasts, and what does that mean for today’s valuation? Affiliated Managers Group last closed at $364.96, compared with a most widely followed fair value estimate of $381, which frames the recent share price strength in valuation terms. Read the complete narrative. Want to see what sits behind that fair value gap? The narrative focuses on buybacks, profit margins and future earnings power. The exact mix may surprise you. Result: Fair Value of $381 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this hinges on AMG continuing to attract assets into higher fee strategies, and any setback at key affiliates or renewed fee pressure could quickly challenge that view. Find out about the key risks to this Affiliated Managers Group narrative. While the fair value estimate of $381 suggests Affiliated Managers Group is 4.2% undervalued, the current P/E of 12.8x paints a slightly different picture. That multiple sits well below the US Capital Markets industry at 40.4x and the peer average of 56x, and even below the 13.4x fair ratio. In practice, that gap could point to room for the market to move closer to the fair ratio over time, or it could signal that investors are building in extra caution around AMG's earnings quality and growth outl...

As the Q1 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the custody bank industry, including Affiliated Managers Group (NYSE:AMG) and its peers. Custody banks safeguard financial assets and provide services like settlement, accounting, and regulatory compliance for institutional investors. Growth opportunities stem from increasing global assets under custody, demand for data analytics, and blockchain technology adoption for settlement efficiency. Challenges include fee pressure from large clients, substantial technology investment requirements, and competition from both traditional players and fintech firms entering the space. The 16 custody bank stocks we track reported a strong Q1. As a group, revenues beat analysts’ consensus estimates by 2.5%. Luckily, custody bank stocks have performed well with share prices up 11.4% on average since the latest earnings results. Using a partnership approach that preserves entrepreneurial culture at its portfolio companies, Affiliated Managers Group (NYSE:AMG) is an investment firm that acquires stakes in boutique asset management companies while allowing them to maintain operational independence. Affiliated Managers Group reported revenues of $544.9 million, up 9.7% year on year. This print fell short of analysts’ expectations by 1.8%. Overall, it was a slower quarter for the company with some shareholders anticipating a better outcome. Interestingly, the stock is up 23.6% since reporting and currently trades at $364.15. Is now the time to buy Affiliated Managers Group? Access our full analysis of the earnings results here, it’s free. Operating under the widely recognized Franklin Templeton brand since 1947, Franklin Resources (NYSE:BEN) is a global investment management organization that offers financial services and solutions to individuals, institutions, and wealth advisors worldwide. Franklin Resources reported revenues of $2.29 billion, up 8.7% year on year, outperforming analysts’ expectations by 11.8%. The business had an incredible quarter with a beat of analysts’ EPS and AUM estimates. The market seems happy with the results as the stock is up 23.3% since reporting. It currently trades at $33.99. Is now the time to buy Franklin Resources? Access our full analysis of the earnings results here, it’s free. With over $100 billion in assets under management...

A month has gone by since the last earnings report for KKR & Co. Inc. (KKR). Shares have lost about 10.2% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is KKR & Co. due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers. KKR & Co. reported first-quarter 2026 net income per share of $1.39, surpassing the Zacks Consensus Estimate of $1.28. The bottom line rose from $1.15 in the prior-year quarter. Results have primarily reflected impressive growth in assets under management and transaction fees for the capital markets business. However, an increase in expenses acted as a headwind. Net income attributable to the company (GAAP basis) was $364.8 million against a net loss of $185.9 million in the year-ago quarter. Total segment revenues amounted to $1.47 billion, increasing 22.4% on a year-over-year basis. The top line surpassed the Zacks Consensus Estimate of $1.43 billion. Total segment expenses increased 19.9% year over year to $452.6 million. As of March 31, 2026, total AUM grew 14.1% year over year to $757.9 billion. Fee-paying AUM summed $614.8 billion, which increased 16.8% from the year-ago quarter. Total operating earnings grew 19.1% year over year to $1.3 billion. The company posted fee-related earnings of $1 billion, up 23.5% year over year. The company declared a quarterly dividend of 19.5 cents per share of common stock, representing a 5.4% increase from the previous quarterly dividend of 18.5 cents per share. This dividend will be paid on May 29, 2026, to shareholders of record as of the close of business on May 15, 2026. The company also approved a $500 million increase to its existing share repurchase program, with the authorization set to automatically increase once the remaining capacity falls to $50 million or less. Management expects fee-related earnings per share of more than $4.50. Total operating earnings per share are projected to be more than $7. Adjusted net income per share is anticipated to be below $7 (previous guidance was $7-$8). In the past month, investors have witnessed a downward trend in estimates review. The consensus estimate has shifted -7.56% due to these changes. Currently, KKR & Co. has a po...

Affiliated Managers Group trades at $294 and has moved in lockstep with the market. Its shares have returned 17.4% over the last six months while the S&P 500 has gained 13.3%. Is AMG a buy right now? Find out in our full research report, it’s free. Using a partnership approach that preserves entrepreneurial culture at its portfolio companies, Affiliated Managers Group (NYSE:AMG) is an investment firm that acquires stakes in boutique asset management companies while allowing them to maintain operational independence. We track the long-term change in earnings per share (EPS) because it highlights whether a company’s growth is profitable. Affiliated Managers Group’s EPS grew at 15% compounded annual growth rate over the last five years, higher than its flat revenue. This tells us management responded to softer demand by adapting its cost structure. Return on equity (ROE) measures how effectively banks generate profit from each dollar of shareholder equity - a critical funding source. High-ROE institutions typically compound shareholder wealth faster over time through retained earnings, share repurchases, and dividend payments. Over the last five years, Affiliated Managers Group has averaged an ROE of 21.3%, excellent for a company operating in a sector where the average shakes out around 10% and those putting up 25%+ are greatly admired. This shows Affiliated Managers Group has a strong competitive moat. A company’s long-term sales performance is one signal of its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Unfortunately, Affiliated Managers Group struggled to consistently increase demand as its $2.12 billion of revenue for the trailing 12 months was close to its revenue five years ago. This wasn’t a great result, but there are still things to like about Affiliated Managers Group. Affiliated Managers Group’s merits more than compensate for its flaws, but at $294 per share (or 8.4× forward P/E), is now the right time to buy the stock? See for yourself in our comprehensive research report, it’s free. ALSO WORTH WATCHING: Top 5 Momentum Stocks. The best time to own a great stock is when the market is finally noticing it. These aren't just high-quality businesses. Something is happening with them right now. Elite fundamentals meeting near-term momentum - both boxes checked at the same time. Find out which s...

Record quarterly results were driven by a multi-year strategic evolution toward alternative strategies, which now power the majority of organic growth. Performance attribution is centered on four key secular trends: infrastructure, secondary solutions, absolute return strategies, and tax-aware long/short strategies. The business model is designed for resilience, with absolute return strategies providing a ballast against market volatility and pro-cyclical private market trends. Management attributes the record $22 billion in net client cash flows to broad-based demand across 40 affiliates, rather than reliance on any single flagship fund. Strategic positioning in private markets focuses on infrastructure and real estate to address global imperatives like aging assets and energy security. The firm is leveraging its scale to provide affiliates with access to the wealth channel, a high-barrier market where AMG provides necessary capital formation resources. Management expects economic earnings per share growth to accelerate to more than 30% for the full year 2024, up from 20% in the prior year. The company anticipates generating significantly higher levels of capital over the next five years compared to the $5 billion generated in the previous five-year period. Guidance for Q2 2026 assumes seasonally lower net performance fees of up to $10 million and reflects a market blend that was up 5% quarter-to-date as of April 30. Capital allocation will prioritize a mix of high-conviction growth investments in new affiliates and consistent share repurchases, with $500 million targeted for buybacks in 2026. Management expects long-only equity outflows to moderate over the next 12 months, potentially improving the overall net flow profile. The firm has intentionally limited its traditional direct lending exposure to approximately 3% of total assets following the strategic sale of its stake in Comvest. Recent investments in BBH Credit Partners and Highbrook Investors, along with an increased stake in Garda Capital Partners, underscore the focus on specialty alternatives. Management addressed market 'noise' regarding tax-aware strategies, clarifying they represent less than 8% of total AUM and EBITDA, serving as only one of four growth drivers. The full cash settlement of the 2037 junior convertible trust preferred securities removed associated share dilution from the capit...

This article first appeared on GuruFocus. Adjusted EBITDA: Approximately $317 million, a 39% year-over-year growth. Economic Earnings Per Share: $8.23, representing a 58% year-over-year increase. Net Client Cash Flows: Over $22 billion for the quarter, with a 12-month net flow of $52 billion. Share Repurchases: Approximately $186 million in the quarter, totaling over $700 million in the past 12 months, reducing shares outstanding by 10%. Assets Under Management (AUM): $882 billion, the highest level in AMG's history. Net Performance Fee Earnings: $49 million, an increase of $29 million from the prior year. Second Quarter Guidance for Adjusted EBITDA: Expected to be between $290 million and $305 million. Second Quarter Guidance for Economic Earnings Per Share: Expected to be between $7.60 and $8.01. Annual Cash Flow: Approximately $1 billion annually. Warning! GuruFocus has detected 7 Warning Signs with AMG. Is AMG fairly valued? Test your thesis with our free DCF calculator. Release Date: May 01, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Affiliated Managers Group Inc (NYSE:AMG) reported record results for the first quarter with Adjusted EBITDA of approximately $317 million and Economic earnings per share of $8.23, representing year-over-year growth of 39% and 58%, respectively. The company achieved record quarterly net client cash flows of more than $22 billion, bringing net flows over the last 12 months to $52 billion, an organic growth rate of 7%. AMG's diversified business model demonstrated resilience against a volatile market backdrop, with record assets under management and record fee-related EBITDA. The company repurchased shares at an elevated pace, deploying approximately $186 million in the quarter, contributing to a reduction of 10% in shares outstanding over the past 12 months. AMG's strategic focus on alternative strategies, including infrastructure, secondary solutions, and absolute return strategies, is driving significant organic growth and positioning the company for further expansion. Despite strong overall performance, AMG experienced net outflows of approximately $9 billion in equities during the quarter, reflecting ongoing industry and performance headwinds. The company faces market headwinds from broader macro events, which could impact future performance. AMG's private cre...

Federated Hermes (FHI) came out with quarterly earnings of $1.27 per share, beating the Zacks Consensus Estimate of $1.2 per share. This compares to earnings of $1.1 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +5.97%. A quarter ago, it was expected that this one of the nation's largest managers of money market funds would post earnings of $1.2 per share when it actually produced earnings of $1.39, delivering a surprise of +15.83%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Federated Hermes, which belongs to the Zacks Financial - Investment Management industry, posted revenues of $478.96 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.17%. This compares to year-ago revenues of $423.54 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Federated Hermes shares have added about 8.2% since the beginning of the year versus the S&P 500's gain of 4.2%. While Federated Hermes has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Federated Hermes was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in t...

Affiliated Managers (AMG) reported Q1 economic earnings Friday of $8.23 per share, compared with $5.

Record Q1 results: AMG reported Adjusted EBITDA of about $317 million and economic EPS of $8.23 (up 39% and 58% YoY), with record quarterly net client cash flows of more than $22 billion and AUM rising to a record $882 billion. Alternatives drove growth: Liquid alternatives saw a record $25 billion of inflows (including $15 billion to tax-aware long-short wealth strategies, $6 billion to institutional absolute return, and $4 billion to retail), private markets raised $4 billion, while equities were a headwind with roughly $9 billion of outflows. Capital allocation and guidance: AMG repurchased about $186 million of stock in Q1 (over $700 million in the past 12 months, reducing shares ~10%) and plans roughly $500 million in buybacks for 2026; it guided Q2 Adjusted EBITDA of $290–$305 million and EPS of $7.60–$8.01, citing a strong balance sheet and about $1 billion of recurring after-tax cash flow. Interested in Affiliated Managers Group, Inc.? Here are five stocks we like better. Affiliated Managers Group (NYSE:AMG) reported what management called “record results” for the first quarter of 2026, driven by strong demand for alternative strategies, particularly in liquid alternatives and private markets, alongside an elevated pace of share repurchases. On the earnings call, President and CEO Jay Horgen said AMG posted Adjusted EBITDA of about $317 million and economic earnings per share of $8.23, representing year-over-year growth of 39% and 58%, respectively. He also highlighted record quarterly net client cash flows of more than $22 billion, bringing the last 12 months’ net flows to $52 billion, which he described as 7% organic growth over the period. → Corning Beats Q1 Estimates but Drops 9% on Guidance Miss Chief Financial Officer Dava Ritchea said assets under management (AUM) rose to $882 billion, “the highest level in our history,” supported by record inflows to alternative affiliates and AUM added through new investments. Management emphasized these results came despite “market headwinds” and volatility during the quarter. AMG’s results were anchored by what Ritchea called the fourth consecutive quarter of “positive and increasing net flows.” In liquid alternatives, affiliates generated $25 billion of net inflows—another record quarter—with contributions from “most of our liquid alternative affiliates,” including AQR, Capula, Garda, Systematica, and Win...

Affiliated Managers Group (AMG) came out with quarterly earnings of $8.23 per share, beating the Zacks Consensus Estimate of $8.1 per share. This compares to earnings of $5.2 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.64%. A quarter ago, it was expected that this asset manager would post earnings of $8.75 per share when it actually produced earnings of $9.48, delivering a surprise of +8.34%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Affiliated Managers, which belongs to the Zacks Financial - Investment Management industry, posted revenues of $544.9 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.35%. This compares to year-ago revenues of $496.6 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Affiliated Managers shares have added about 2.2% since the beginning of the year versus the S&P 500's gain of 5.3%. While Affiliated Managers has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Affiliated Managers was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can...

Affiliated Managers Group Inc.’s AMG first-quarter 2026 economic earnings of $8.23 per share handily outpaced the Zacks Consensus Estimate of $8.10. The bottom line also jumped 58.3% from the prior-year quarter. Shares of the company rallied 1.8% in pre-market trading following impressive assets under management (AUM) balance growth, indicating the success of the company’s strategy of pivoting toward alternatives. Results benefited from record AUM balance and higher revenues. Also, the company had a robust liquidity position. A rise in expenses was the undermining factor. Economic net income was $224.6 million, up 41.5% year over year. Our estimate for the metric was $219.3 million. Quarterly total revenues rose 9.7% year over year to $544.9 million. The top line beat the Zacks Consensus Estimate of $543 million. Adjusted EBITDA was $317.3 million, up 39%. We had projected the metric to be $310.4 million. Total consolidated expenses rose 10.7% to $505.9 million. We had estimated total expenses to be $484.2 million. As of March 31, 2026, total AUM was a record $882 billion, which surged 23.8%. Our estimate for total AUM was $843.9 billion. Average AUM totaled $881.7 billion, up 23.8% year over year. Net client cash inflows were $22.2 billion in the reported quarter, reflecting ongoing momentum in alternative strategies. As of March 31, 2026, Affiliated Managers had $376.1 million in cash and cash equivalents compared with $586 million as of Dec. 31, 2025. The company had $2.92 billion of debt, up from $2.69 billion as of Dec. 31, 2025. Stockholders’ equity as of March 31, 2026, was $3.09 billion, down from $3.24 billion as of Dec. 31, 2025. During the first quarter, Affiliated Managers repurchased shares worth $186 million. Affiliated Managers is well-positioned for growth given the successful partnerships, focus on alternative strategies, global distribution capability and a diverse product mix. Substantial intangible assets on the company's balance sheet and elevated expense levels remain major concerns. Affiliated Managers Group, Inc. price-consensus-eps-surprise-chart | Affiliated Managers Group, Inc. Quote Affiliated Managers currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Franklin Resources Inc. BEN reported second-quarter fiscal 2026 (ended March 31, 2026) adjusted earnings of 7...