AMG
Affiliated Managers Group, Inc.
NYSEUSDEQUITY
Financial Services
DELAYED
Strong buy
+64/100
Last price
379.72
▼ 0.98 (0.26%)
MARKET · —
Price
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1D
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Open
—
Prev close
380.70
Day high
385.86
Day low
375.60
Volume
414.96K
Market cap
$9.82B
P/E (TTM)
13.30
52W range
230.26 – 392.92
Trailing performance
Returnvs SPY
1W
+2.46%
+0.5%
1M
+2.57%
+1.4%
3M
+6.58%
+2.1%
6M
+40.48%
+22.3%
YTD
+31.72%
+17.5%
1Y
+56.24%
+39.8%
3Y
+191.33%
+109.1%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on AMG open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+61.00K
Net buying
Buy transactions
8
82.90K shares
Sell transactions
3
21.90K shares
Net transactions
+11
Buys less sells
Sell : buy shares
0.3 : 1
Mixed
Insider-held shares
1.09M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 14, 26 | PALANDJIAN TRACY PUN Director |
— | 848 | — | Direct |
| Aug 14, 26 | FRANQUI ANNETTE V Director |
— | 477 | — | Direct |
| Aug 14, 26 | STARR LOREN M Director |
— | 716 | — | Direct |
| Aug 14, 26 | MATOS RODRIGUEZ FELIX V Director |
— | 654 | — | Direct |
| Jun 12, 26 | PALANDJIAN TRACY PUN Director |
CONVERSION | 2.96K | $242.76K | Direct |
| Jun 8, 26 | HORGEN JAY C Chief Executive Officer |
CONVERSION | 75.00K | $5.59M | Direct |
| Jun 8, 26 | HORGEN JAY C Chief Executive Officer |
SELL | 17.50K | $5.92M | Direct |
| Jun 1, 26 | FRANQUI ANNETTE V Director |
BUY | 750 | $228.66K | Direct |
| May 8, 26 | MATOS RODRIGUEZ FELIX V Director |
SELL | 1.00K | $300.18K | Direct |
| May 6, 26 | CATES G. STALEY Director |
BUY | 1.50K | $458.75K | Direct |
| May 6, 26 | RYAN DAVID CHRISTOPHER Director |
SELL | 3.40K | $1.04M | Direct |
| Mar 9, 26 | PADIYAR KAVITA General Counsel |
SELL | 2.20K | $612.13K | Direct |
| Mar 6, 26 | WOJCIK THOMAS M. President |
SELL | 8.00K | $2.29M | Direct |
| Mar 5, 26 | HORGEN JAY C Chief Executive Officer |
STOCK | 27.26K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ALVINGHAM KAREN L. |
Director | 13.04K | Conversion of Exercise of derivative security |
CATES G. STALEY |
Director | 6.41K | Purchase |
CHURCHILL DWIGHT D |
Director | 29.03K | Conversion of Exercise of derivative security |
HORGEN JAY C |
Chief Executive Officer | 588.76K | Conversion of Exercise of derivative security |
JAMAL RIZWAN M |
Officer | 199.23K | Stock Gift |
JEFFERY REUBEN III |
Director | 34.27K | Conversion of Exercise of derivative security |
MATOS RODRIGUEZ FELIX V |
Director | 5.02K | Conversion of Exercise of derivative security |
PADIYAR KAVITA |
General Counsel | 42.67K | Sale |
PALANDJIAN TRACY PUN |
Director | 18.38K | Conversion of Exercise of derivative security |
WOJCIK THOMAS M. |
President | 159.47K | Sale |
Fundamentals
Market cap$9.82B
Enterprise value$13.68B
Revenue (TTM)$2.27B
Gross profit$1.14B
EBITDA$625.60M
Net income$856.30M
EPS (TTM)$28.54
Free cash flow$277.18M
Total cash$502.80M
Total debt$3.20B
Book value / share$116.85
Shares outstanding25.86M
Float24.85M
Short % of float5.41%
Dividend yield0.01%
Beta (5Y)1.07
Valuation & profitability ratios
Trailing P/E13.30
Forward P/E8.87
PEG ratio0.64
Price / sales—
Price / book3.25
EV / revenue6.03
EV / EBITDA21.87
Gross margin50.27%
Operating margin30.36%
Profit margin37.72%
Return on equity24.26%
Return on assets3.12%
Debt / equity76.10
Current ratio101.31
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $2.07B | $2.04B | $2.06B | $2.33B | +1.6% |
| Operating revenue | $2.07B | $2.04B | $2.06B | $2.33B | +1.6% |
| Cost of revenue | $1.02B | $915.30M | $907.50M | $1.07B | +11.4% |
| Gross profit | $1.05B | $1.13B | $1.15B | $1.26B | -6.3% |
| Selling, general & admin | $408.60M | $376.50M | $358.20M | $385.50M | +8.5% |
| Total operating expense | $579.30M | $418.90M | $419.50M | $452.90M | +38.3% |
| Operating income | $475.30M | $706.70M | $730.80M | $805.20M | -32.7% |
| Net interest income | -$136.50M | -$133.30M | -$123.80M | -$114.40M | -2.4% |
| Pre-tax income | $1.19B | $923.20M | $1.09B | $1.75B | +28.5% |
| Tax provision | $282.30M | $182.60M | $185.30M | $358.30M | +54.6% |
| Net income | $716.60M | $511.60M | $672.90M | $1.15B | +40.1% |
| Net income to common | $716.60M | $511.60M | $672.90M | $1.15B | +40.1% |
| Basic EPS | 25.18 | 16.45 | 19.18 | 29.77 | +53.1% |
| Diluted EPS | 22.74 | 15.13 | 17.42 | 25.35 | +50.3% |
| EBIT | $1.32B | $1.06B | $1.22B | $1.86B | +25.2% |
| EBITDA | $1.49B | $1.10B | $1.28B | $1.93B | +35.9% |
| Basic shares | 28.50M | 31.10M | 35.10M | 38.50M | -8.4% |
| Diluted shares | 33.00M | 36.10M | 42.20M | 49.00M | -8.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $586.00M | $950.00M | $813.60M | $429.20M | -38.3% |
| Cash & short-term investments | $670.80M | $1.01B | $1.27B | $1.15B | -33.4% |
| Accounts receivable | $496.20M | $409.70M | $368.40M | $316.00M | +21.1% |
| Total current assets | $1.17B | $1.42B | $1.64B | $1.46B | -17.6% |
| Property, plant & equipment | $54.40M | $57.60M | $67.30M | $68.50M | -5.6% |
| Goodwill & intangibles | $4.17B | $4.28B | $4.34B | $4.52B | -2.6% |
| Total assets | $9.21B | $8.83B | $9.06B | $8.88B | +4.3% |
| Total current liabilities | $806.90M | $639.10M | $628.50M | $778.30M | +26.3% |
| Long-term debt | $2.69B | $2.62B | $2.54B | $2.54B | +2.7% |
| Total debt | $2.69B | $2.62B | $2.54B | $2.54B | +2.7% |
| Total liabilities | $4.79B | $4.18B | $4.10B | $4.24B | +14.4% |
| Retained earnings | $7.62B | $6.90B | $6.39B | $5.72B | +10.4% |
| Shareholder equity | $3.24B | $3.35B | $3.59B | $3.23B | -3.2% |
| Working capital | $360.10M | $777.20M | $1.01B | $683.80M | -53.7% |
| Net tangible assets | -$932.10M | -$937.40M | -$748.10M | -$1.29B | +0.6% |
| Shares issued | 58.50M | 58.52M | 58.50M | 58.50M | -0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $904.00M | $740.60M | $906.10M | $1.39B | +22.1% |
| Depreciation & amortisation | $170.70M | $42.40M | $61.30M | $67.40M | +302.6% |
| Stock-based compensation | $202.80M | $111.60M | $112.10M | $113.80M | +81.7% |
| Change in working capital | $53.80M | -$56.80M | -$228.60M | $138.50M | +194.7% |
| Operating cash flow | $973.20M | $932.10M | $874.30M | $1.05B | +4.4% |
| Capital expenditure | -$6.10M | -$3.40M | -$12.40M | -$11.40M | -79.4% |
| Investing cash flow | -$206.10M | $379.10M | $264.50M | -$109.90M | -154.4% |
| Share buybacks | -$883.00M | -$816.30M | -$409.30M | -$775.30M | -8.2% |
| Dividends paid | -$1.00M | -$1.40M | -$1.50M | -$1.60M | +28.6% |
| Financing cash flow | -$1.15B | -$1.18B | -$758.30M | -$1.40B | +2.3% |
| Free cash flow | $967.10M | $928.70M | $861.90M | $1.04B | +4.1% |
| End cash position | $586.00M | $950.00M | $813.60M | $429.20M | -38.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $640.70M | $544.90M | $556.60M | $528.00M | $493.20M | +17.6% |
| Operating revenue | $640.70M | $544.90M | $556.60M | $528.00M | $493.20M | +17.6% |
| Cost of revenue | $316.10M | $287.10M | $272.20M | $253.50M | $263.70M | +10.1% |
| Gross profit | $324.60M | $257.80M | $284.40M | $274.50M | $229.50M | +25.9% |
| Selling, general & admin | $107.40M | $107.40M | $117.80M | $100.50M | $95.70M | 0.0% |
| Total operating expense | $116.80M | $159.10M | $184.60M | $109.40M | $104.50M | -26.6% |
| Operating income | $207.80M | $98.70M | $99.80M | $165.10M | $125.00M | +110.5% |
| Net interest income | -$40.50M | -$38.40M | -$34.70M | -$33.20M | -$34.50M | -5.5% |
| Pre-tax income | $307.40M | $192.90M | $525.50M | $362.50M | $171.60M | +59.4% |
| Tax provision | $70.00M | $46.50M | $147.60M | $71.60M | $35.70M | +50.5% |
| Net income | $185.90M | $110.40M | $347.60M | $212.40M | $84.30M | +68.4% |
| Net income to common | $185.90M | $110.40M | $347.60M | $212.40M | $84.30M | +68.4% |
| Basic EPS | 7.05 | 4.12 | 12.53 | 7.47 | 2.96 | +71.1% |
| Diluted EPS | 6.95 | 3.84 | 11.21 | 6.87 | 2.80 | +81.0% |
| EBIT | $347.90M | $231.30M | $560.20M | $395.70M | $206.10M | +50.4% |
| EBITDA | $357.40M | $283.00M | $627.00M | $404.70M | $214.90M | +26.3% |
| Basic shares | 26.40M | 26.80M | 27.70M | 28.40M | 28.50M | -1.5% |
| Diluted shares | 26.90M | 27.50M | 31.50M | 32.90M | 31.40M | -2.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $411.00M | $376.10M | $586.00M | $476.10M | $361.00M | +9.3% |
| Cash & short-term investments | $411.00M | $376.10M | $670.80M | $476.10M | $361.00M | +9.3% |
| Accounts receivable | $846.90M | $871.40M | $496.20M | $667.70M | $571.00M | -2.8% |
| Total current assets | $1.26B | $1.25B | $1.17B | $1.14B | $932.00M | +0.8% |
| Property, plant & equipment | $53.40M | $69.70M | $54.40M | $55.20M | $56.70M | -23.4% |
| Goodwill & intangibles | $4.09B | $4.11B | $4.17B | $4.23B | $4.25B | -0.5% |
| Total assets | $9.40B | $9.40B | $9.21B | $8.93B | $8.81B | +0.1% |
| Total current liabilities | $1.02B | $1.10B | $806.90M | $879.70M | $692.40M | -7.4% |
| Long-term debt | $3.00B | $2.92B | $2.69B | $2.37B | $2.62B | +2.9% |
| Total debt | $3.00B | $2.92B | $2.69B | $2.37B | $2.62B | +2.9% |
| Total liabilities | $5.20B | $5.15B | $4.79B | $4.39B | $4.33B | +1.0% |
| Retained earnings | $7.91B | $7.73B | $7.62B | $7.27B | $7.06B | +2.4% |
| Shareholder equity | $3.04B | $3.09B | $3.24B | $3.34B | $3.24B | -1.7% |
| Working capital | $242.00M | $150.00M | $360.10M | $264.10M | $239.60M | +61.3% |
| Net tangible assets | -$1.05B | -$1.02B | -$932.10M | -$888.10M | -$1.01B | -3.1% |
| Shares issued | 26.00M | 58.50M | 58.50M | 58.50M | 58.50M | -55.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $237.30M | $146.40M | $377.90M | $291.00M | $135.90M | — | +62.1% |
| Depreciation & amortisation | $9.50M | $51.70M | $66.80M | $9.00M | $8.80M | — | -81.6% |
| Stock-based compensation | $30.30M | $53.50M | $54.20M | $56.30M | $68.60M | — | -43.4% |
| Change in working capital | -$50.50M | -$63.30M | $110.50M | $78.70M | -$4.00M | — | +20.2% |
| Operating cash flow | $239.00M | $299.30M | $256.40M | $277.10M | $230.80M | — | -20.1% |
| Capital expenditure | — | -$3.80M | -$1.90M | -$1.20M | -$1.40M | -$1.60M | — |
| Investing cash flow | $9.70M | -$229.00M | $52.50M | $270.70M | -$493.70M | — | +104.2% |
| Share buybacks | -$150.40M | -$214.40M | -$479.80M | -$125.70M | -$73.00M | — | +29.9% |
| Dividends paid | — | — | -$200.00K | -$300.00K | -$200.00K | -$300.00K | — |
| Financing cash flow | -$211.70M | -$277.30M | -$200.10M | -$430.20M | -$201.50M | — | +23.7% |
| Free cash flow | $239.00M | $295.50M | $254.50M | $275.90M | $229.40M | — | -19.1% |
| End cash position | $411.00M | $376.10M | $586.00M | $476.10M | $361.00M | — | +9.3% |
Options analytics
Put / call volume
0.70
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
270.00
-28.9% from spot
ATM implied vol
0.2%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
10
Contracts, this expiry
Put volume
7
Contracts, this expiry
Heaviest call OI
360.00
0 contracts
Heaviest put OI
270.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 7.92 | 8.29 | +4.7% |
| Mar 2026 | 8.07 | 8.23 | +1.9% |
| Dec 2025 | 8.84 | 9.48 | +7.3% |
| Sep 2025 | 5.88 | 6.10 | +3.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 8.67 | 6 | $659.71M | +25.0% |
| Next quarter | 11.86 | 6 | $663.78M | +19.3% |
| Current year | 37.05 | 7 | $2.48B | +19.6% |
| Next year | 32.37 | 2 | $2.68B | +8.1% |
Analyst targets & ownership
Mean target$438.29
High target$512.00
Low target$360.00
Implied upside15.42%
Analyst count7
ConsensusSTRONG BUY
Strong buy / Buy1 / 5
Hold1
Sell / Strong sell0 / 0
Held by insiders4.23%
Held by institutions100.58%
Institutions holding731
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
371.87
+2.11% from price
SMA 20
362.92
+4.63% from price
SMA 50
364.93
+4.05% from price
SMA 100
351.61
+7.99% from price
SMA 200
324.53
+17.00% from price
EMA 12
370.44
+2.50% from price
EMA 26
366.23
+3.68% from price
EMA 50
361.95
+4.91% from price
RSI (14)
61.2
Neutral
MACD (12,26,9)
4.21
Hist 2.03
ATR (14)
10.95
2.88% of price
Realised vol 30D
23.8%
Annualised
Bollinger upper
383.79
20, 2σ
Bollinger lower
342.04
20, 2σ
50 / 200 cross
Golden
364.93 vs 324.53
Trend bias
Above 200
+17.00%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.02
More volatile than market
Correlation to SPY
0.40
Loosely linked
Realised vol 30D
23.8%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-19.7%
Peak to trough
Max drawdown 5Y
-41.2%
Peak to trough
ATR 14
10.95
2.88% of price
Beta (reported)
1.07
5Y monthly, from filing
Short interest
Shares short
1.04M
Prior 675.88K
Change vs prior
+53.8%
Shorts adding
% of float
5.41%
Normal
% of shares out
4.02%
Against total outstanding
Days to cover
3.9
Liquid
Float
24.85M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 29, 26 | TD Cowen | MAINTAINED | Buy | Buy |
| May 13, 26 | TD Cowen | MAINTAINED | Buy | Buy |
| May 4, 26 | TD Cowen | MAINTAINED | Buy | Buy |
| Apr 27, 26 | Barrington Research | MAINTAINED | Outperform | Outperform |
| Jan 14, 26 | TD Cowen | MAINTAINED | Buy | Buy |
| Jan 6, 26 | Goldman Sachs | MAINTAINED | Buy | Buy |
| Dec 15, 25 | TD Cowen | MAINTAINED | Buy | Buy |
| Nov 4, 25 | Barrington Research | MAINTAINED | Outperform | Outperform |
| Oct 8, 25 | Barrington Research | MAINTAINED | Outperform | Outperform |
| Oct 6, 25 | Goldman Sachs | MAINTAINED | Buy | Buy |
| Oct 2, 25 | B of A Securities | MAINTAINED | Buy | Buy |
| Sep 23, 25 | Barrington Research | MAINTAINED | Outperform | Outperform |
Dividends & splits
Forward rate$0.04 / yr
Forward yield0.01%
5-year avg yield0.02%
Payout ratio0.14%
Ex-dividend dateAug 10, 2026
Next pay dateAug 24, 2026
Last split3:2
Split dateMar 30, 2004
SEC filings
Annual Report of Proxy Voting Record of Registered Management Investment Companies filed on Form N-PX
N-PX · 2026-08-28
Periodic Financial Reports
10-Q · 2026-08-07
Corporate Changes & Voting Matters
8-K · 2026-07-30
Corporate Changes & Voting Matters
8-K · 2026-06-09
Corporate Changes & Voting Matters
8-K · 2026-05-28
Periodic Financial Reports
10-Q · 2026-05-07
Corporate Changes & Voting Matters
8-K · 2026-05-01
Proxy Statements
DEFA14A · 2026-04-17
Headlines
Affiliated Managers (AMG) Upgraded to Buy: Here's What You Should Know
Zacks · 20h ago
AMG vs. BLK: Which Stock Is the Better Value Option?
Zacks · 20h ago
Why BlackRock Stock And Quant Managers Matter In A Higher For Longer Rate Market
Simply Wall St. · 1d ago
NACD New England Welcomes Five New Board Members
Business Wire · 2d ago
BofA Securities Adjusts Affiliated Managers Group Price Target to $504 From $488
MT Newswires · 2d ago
2 Financials Stocks Worth Your Attention and 1 We Turn Down
StockStory · 6d ago
Affiliated Managers Group (AMG) Is Getting Fresh Attention, What Is Behind It?
Simply Wall St. · 14d ago
Amgen price target raised by Jefferies to $410 after positive Sjögren's data
Proactive · 14d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.