AMG
Affiliated Managers Group, Inc.273.15
-2.22-0.81%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
AQR details, product seeding nuggets
Q&A unpacked alternatives drivers, spotlighting AQR's diverse flows into tax-aware and global products, with its EBITDA share rising from double-digits in 2025 to over 20% in 2026 amid strong performance fees. Management detailed seeding new products like BBH's multi-credit lineup for high-ROI scaling in U.S. wealth, plus Pantheon's international structures. Global wealth beyond U.S. shows liquid alt interest from volatility. Few rivals match AQR's platform. Answers reaffirmed scripted momentum. Watch perf fees leg higher on new funds.
Key Stats
Market Cap
7.76BP/E (TTM)
16.34Basic EPS (TTM)
16.72Dividend Yield
0%Recent Filings
8-K
Cates joins AMG board
Affiliated Managers Group appointed G. Staley Cates, ex-Vice Chairman of Southeastern Asset Management, as independent director effective April 1, 2026, replacing retiring board member Karen L. Alvingham on the same date. The board gains Cates' four decades of investment expertise and disciplined capital allocation insight. Jay C. Horgen was re-appointed President alongside his CEO role. Seamless transition bolsters governance.
10-K
FY2025 results
AMG grew assets under management 15% to $813B in FY2025 ended December 31, 2025, with alternatives driving the surge—private markets up to $146B and liquid alternatives to $227B—via $23B from new partnerships like NorthBridge, Verition, Montefiore, and Qualitas Energy, plus strong net inflows of $50.5B into liquid alts offsetting equity outflows. Aggregate fees jumped 18% to $6.2B, fueled by higher average AUM and alt mix shift, lifting Adjusted EBITDA (controlling interest) 11% despite Q4 intangibles impairments from mutual fund AUM erosion. Q4 momentum shone in 93% of liquid alts beating 3-year benchmarks while deploying ~$490M after-tax from Peppertree/Comvest sales into buybacks (3.3M shares at $213 avg). Cash hit $586M with $2.7B debt; revolver dry. Yet client contract terminations on short notice threaten fee stability.
8-K
COO Wojcik departs March 6
Affiliated Managers Group announced on February 12, 2026, that President and COO Thomas M. Wojcik steps down effective March 6, 2026, with duties shifting to the senior team. He receives $5.025M cash in 2026, plus $11.05M in Q1 2027 if non-compete holds through early 2027; no incentives, equity cancelled. Leadership realigns smoothly.
8-K
AMG's stellar 2025 results
AMG crushed 2025 with Economic EPS up 22% to $26.05, $29B net inflows, and AUM hitting $813B, fueled by alternatives momentum. Board declared $0.01/share dividend payable March 9 and boosted buybacks to 6M shares available. Repurchased $700M last year; refinanced debt to cut dilution. Strong capital allocation shines.
8-K
AMG issues $425M notes
Affiliated Managers Group completed a $425,000,000 5.500% senior notes issuance due 2036 on December 11, 2025. Proceeds will redeem its 5.15% Convertible Trust Preferred Securities due 2037 in cash, with leftovers for general corporate purposes. Notes are unsecured, redeemable at make-whole price. Clean swap simplifies capital structure.
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