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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#1582
Positioning
Market Dominance
Finance, Insurance, And Real Estate
Trading
$6.8B
Jay C. Horgen
Affiliated Managers Group, Inc. provides investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. The company also manages assets for foundations and endowments, defined benefit, and defined contribution plans for corporations and municipalities.
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Dates updated upon official exchange announcement.
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = AMG ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$SII SPROTT INC. | 75 | 91 | 87 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PUK PRUDENTIAL PLC | 73 | 88 | 97 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NMR NOMURA HOLDINGS INC | 72 | 81 | 92 | 87 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PSLV Sprott Physical Silver Trust | 69 | 82 | 80 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$UFCS UNITED FIRE GROUP INC | 68 | 81 | 93 | 76 | 5.0x | 3.5x | 13.2% | 4.1% | 99.9% | 14.7% | 11.1% | 9.2% | 2.1% | 16.0x | $775M | VS | |
$SLF SUN LIFE FINANCIAL INC | 68 | 83 | 95 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CBOE Cboe Global Markets, Inc. | 68 | 75 | 63 | 77 | 21.3x | 15.7x | 24.0% | 13.7% | 41.7% | 32.4% | 26.4% | 8.2% | 1.1% | 30.0x | $25.7B | VS | |
$VTMX Vesta Real Estate Corporation, S.A.B. de C.V. | 67 | 69 | 77 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PHYS Sprott Physical Gold Trust | 67 | 64 | 82 | 91 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$GLDM World Gold Trust | 66 | 54 | 85 | 92 | 11.3x | 11.3x | - | 20.9% | 100.0% | 97.1% | 554.8% | -19.0% | 0.0% | - | $32.0B | VS | |
$AMG AFFILIATED MANAGERS GROUP, INC. | 53 | 31 | 62 | 86 | 11.4x | 28.3x | 17.1% | 7.7% | 0.0% | 18.6% | 34.6% | 5.5% | 0.0% | 64.0x | $6.8B | ||
| SECTOR BENCH | - | - | - | - | - | 11.9x | 7.8x | 9.0% | 1.3% | 77.7% | 18.1% | 21.9% | 10.7% | 2.0% | 0.5x | - | REF |
AFFILIATED MANAGERS GROUP, INC. (AMG) receives a "Hold" rating with a composite score of 52.6/100. It ranks #1582 out of 7,333 stocks in our coverage universe and carries a 3-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Outperforming peers — winners tend to keep winning over 3-12 months
Trading at a discount to fundamentals — favorable entry valuation
Weak fundamentals — higher risk of value trap
Average volatility — neutral timing signal
Aggressive spending — empire-building risk, dilutive growth
Mid-range overall rating
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Relative valuation derived from Finance, Insurance, And Real Estate sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for AMG.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 31 | 41 | -10DRAG |
| MOMENTUM | 86 | 93 | -7DRAG |
| VALUATION | 62 | 86 | -24DRAG |
| INVESTMENT | 25 | 15 | +10ALPHA |
| STABILITY | 39 | 34 | +5NEUTRAL |
| SHORT INT | 85 | 94 | -9DRAG |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROIC 6.1% vs WACC 8.6% (spread -2.6%)
GM 0% vs sector 78%, OM 19% vs sector 18%
Capital turnover 0.94x
Rev growth 6%, 10yr history
Interest coverage N/A, Net debt/EBITDA 8.2x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate AFFILIATED MANAGERS GROUP, INC. (AMG) as a Hold with a composite score of 52.6/100 at a current price of $302.18. The stock presents a mixed quantitative picture — neither compelling enough to warrant new accumulation nor weak enough to justify selling.
AFFILIATED MANAGERS GROUP, INC. holds a top-quartile position (#0 of 50) within the Finance, Insurance, And Real Estate sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 52.6/100 places it at rank #1582 in our full universe.
The near-term outlook is constructive, with revenue growing at 6% and momentum in the 86th percentile confirming positive market sentiment. The combination of strong top-line growth and favorable price dynamics suggests the company is executing well on its growth strategy.
No Moat
Medium
Standard
Undervalued
Returns on equity of 17.1% exceed cost of capital.
Positive momentum indicates institutional accumulation.
Stable competitive position in a defensive sector.
Below-average quality raises earnings sustainability concerns.
Vulnerability to macroeconomic shocks and interest rate volatility.
AFFILIATED MANAGERS GROUP, INC. represents a hold based on multi-factor quantitative performance.
Our model assigns AFFILIATED MANAGERS GROUP, INC. a Hold rating, with a composite score of 52.6/100 and 3 out of 5 stars. Ranked #1582 of 7,333 stocks, AMG presents a mixed quantitative picture — neither compelling enough to initiate new positions nor weak enough to warrant selling. Investors already holding may consider maintaining their position while monitoring for changes in the factor profile.
AMG's quality score of 31/100 is below average, suggesting challenges with profitability or capital efficiency. The company reports a return on equity of 17.1% (sector avg: 9.0%), gross margins of 0.0% (sector avg: 77.7%), net margins of 34.6% (sector avg: 21.9%). Investors should examine whether management is actively addressing these weaknesses or if they reflect structural industry headwinds.
AMG's value score of 62/100 indicates the stock is fairly valued based on its current fundamentals. Key valuation metrics include a P/E ratio of 11.37x, an EV/EBITDA of 28.33x, a P/B ratio of 1.94x. At this level, neither a clear bargain nor overpriced, the stock's attractiveness depends more on forward growth expectations and qualitative factors.
AFFILIATED MANAGERS GROUP, INC.'s investment score of 25/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of 5.5% vs. a sector average of 10.7% and a return on assets of 7.7% (sector: 1.3%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
AMG shows strong momentum characteristics with a score of 86/100. The stock has been trending above key moving averages, indicating solid demand from institutional buyers. Revenue growth stands at 5.5% year-over-year, while a beta of 1.17 reflects its sensitivity to broader market moves. This level of momentum typically signals sustained investor confidence and favorable near-term price action.
AMG's stability score of 39/100 signals elevated volatility and/or leverage concerns. Key stability metrics include a beta of 1.17 and a debt-to-equity ratio of 64.00x (sector avg: 0.5x). Investors should be prepared for wider-than-average price swings and consider position sizing accordingly to manage portfolio risk.
AMG's short interest factor score of 85/100 indicates very low short selling activity relative to peers — a positive signal suggesting institutional investors see limited near-term downside. Specific risk factors include elevated leverage (D/E: 64.00x). As a mid-cap company with a market capitalization of $6.8B, AFFILIATED MANAGERS GROUP, INC. benefits from the generally lower volatility and deeper liquidity associated with its size class.
AMG offers a modest dividend yield of 0.0%. This compares to a sector average dividend yield of 2.0%. While the income contribution is relatively small, even a small dividend signals management's commitment to shareholder returns and can serve as a signal of financial discipline.
AFFILIATED MANAGERS GROUP, INC. is a mid-cap company in the Finance, Insurance, And Real Estate sector, ranked #0 of 50 in its sector (100th percentile) and #1582 of 7,333 overall (78th percentile). Key comparisons include ROE of 17.1% exceeding the 9.0% sector median and operating margins of 18.6% above the 18.1% sector average. This top-quartile standing reflects exceptional competitive strength relative to Finance, Insurance, And Real Estate peers.
While AMG currently exhibits a HOLD profile, superior opportunities exist within the FINANCE, INSURANCE, AND REAL ESTATE sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Finance, Insurance, And Real Estate Alpha →Quant Factor Profile
Key factor gap
Momentum (86) vs Investment (25) — closing this gap could shift the rating.
EV/EBITDA 265% ABOVE SECTOR MEDIAN
ROE 89% ABOVE SECTOR MEDIAN (FAVORABLE)
Gross Margin 100% BELOW SECTOR MEDIAN
Above 50MA
37.18%
Net New Highs
+51081

About AFFILIATED MANAGERS GROUP Affiliated Managers Group, Inc., through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. It provides advisory or subadvisory services to mutual funds. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, brok

The AMG River Road Small Cap Value Fund (ARSVX) experienced a broad rally in Q3 2025 driven by better-than-expected earnings and economic growth, with small caps outperforming large caps. However, both stock selection and sector allocation negatively impacted the Fund's relative results. Despite elevated market valuations, the outlook remains moderately positive due to favorable small cap and portfolio valuations.

Affiliated Managers Group (NYSE:AMG) recently hit a new 52-week high of $311.59, with current trading around $310.54. Analysts maintain a generally positive outlook, with seven "Buy" ratings and one "Hold," and a consensus price target of $338.83. The company's latest quarterly earnings beat estimates with $6.10 EPS, though revenue slightly missed expectations.

Carrera Capital Advisors has acquired a new stake of 18,014 shares in Affiliated Managers Group (AMG) during the third quarter, valued at approximately $4.30 million. This acquisition makes AMG the 27th largest holding for Carrera Capital Advisors, representing about 0.8% of its portfolio. Affiliated Managers Group reported strong third-quarter figures, beating EPS estimates, and analysts maintain a "Moderate Buy" rating with an average price target of $340.50.

Affiliated Managers Group (AMG) shares have seen significant growth, up 50.4% in the past six months. However, the analysis expresses caution due to flat long-term revenue growth and unimpressive recent EPS growth of 7.8% compounded annually over two years. Despite a reasonable forward P/E of 11.2x, the article suggests AMG's business quality falls short of standards and recommends looking for better investment opportunities due to downside risk.