Stocks · Financial Services · Asset Management
Affiliated Managers Group, Inc. MGRD
$14.26 +0.14% Close, Oct 2, 2026 · NYSE · Market cap $9.20B
Strong growthHigh qualityWeak trendInexpensive vs sector
Next earnings report: Nov 9, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $28.87, up 117.4% year over year.
- The diluted share count fell 16.7% in a year, mainly through buybacks.
- At 0.5× trailing earnings, the shares trade at the lowest P/E of the company's past five years.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 18%
- EPS growth (TTM, YoY)Top 8%
- FCF growth (TTM, YoY)Top 49%
- Revenue growth, 3-year CAGRBottom 11%
- Revenue growth accelerationTop 11%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 26%
- Gross marginTop 16%
- Operating marginTop 28%
- Cash conversion (OCF / net income)Top 41%
- Accruals (lower is better)Top 23%
- Net debt / EBITDA (lower is better)Bottom 47%
- Interest coverTop 19%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 1%
- Free-cash-flow yieldTop 27%
- EBITDA / enterprise valueTop 14%
- Sales / enterprise valueBottom 27%
- P/E vs own 5-year history (lower is better)Top 3%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 16%
- 6-month returnBottom 16%
- 1-year return vs S&P 500Bottom 20%
- Distance from 52-week highBottom 42%
- Trend checklist (0–4)Bottom 9%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 47%
- Consecutive EPS beatsTop 16%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 19%
- Maximum drawdown, 3 yearsTop 31%
- Beta vs S&P 500 (lower is better)Top 23%
- Net debt / EBITDA (lower is better)Bottom 47%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 16.1% | 24.5% | ↑ |
| EPS growth (YoY) | 94.0% | 117.4% | ↑ |
| Gross margin | 53.0% | 79.9% | ↑ |
| Operating margin | 28.3% | 30.1% | ↑ |
| FCF margin | 44.9% | 43.2% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 24.5% | 16.1% | ↑ | Top 18% |
| EPS growth (TTM, YoY) | 117.4% | 94.0% | ↑ | Top 8% |
| Gross margin | 79.9% | 53.0% | ↑ | Top 16% |
| Operating margin | 30.1% | 28.3% | ↑ | Top 28% |
| Net margin | 33.9% | 21.8% | ↑ | — |
| Free-cash-flow margin | 43.2% | 44.9% | ↓ | — |
| Return on invested capital | 6.1% | — | Top 26% | |
| Revenue growth, 3-year CAGR | 1.6% | — | Bottom 11% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.28×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -2.6%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 4.4%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +23.8 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 1.55×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 5.2×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.01%
- Net buyback yield (TTM)
- 8.73%
- Shareholder yield
- 8.73%
- Share count change, 1 year
- -16.7%
- Share count change, 3-year CAGR
- -13.9%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 7, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 7
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +4.3%
- Average 2-day reaction, last 8
- +0.1%
- Positive 20 days after report
- 3 of 8
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 30, 2026 | +4.9% | +0.4% | +0.7% | -1.6% | — |
| May 1, 2026 | +1.9% | +0.7% | +0.1% | +0.1% | +0.1% |
| Feb 12, 2026 | +7.0% | +0.5% | +1.2% | -2.4% | -2.8% |
| Nov 3, 2025 | +3.6% | -0.2% | -0.9% | -2.7% | -2.8% |
| Jul 31, 2025 | +1.9% | -0.8% | -0.1% | +3.4% | +2.8% |
| May 8, 2025 | +2.0% | -0.5% | -0.7% | -2.5% | +2.0% |
| Feb 6, 2025 | +8.7% | +0.1% | -0.7% | -2.4% | -6.8% |
| Nov 4, 2024 | -0.4% | +0.8% | +3.1% | +1.1% | -5.4% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 30, 2026 | $8.29 | $7.90 | +4.9% | $640.7M |
| May 1, 2026 | $8.23 | $8.08 | +1.9% | $544.9M |
| Feb 12, 2026 | $9.48 | $8.86 | +7.0% | $556.6M |
| Nov 3, 2025 | $6.10 | $5.89 | +3.6% | $528.0M |
| Jul 31, 2025 | $5.39 | $5.29 | +1.9% | $493.2M |
| May 8, 2025 | $5.20 | $5.10 | +2.0% | $496.6M |
| Feb 6, 2025 | $6.53 | $6.01 | +8.7% | $524.2M |
| Nov 4, 2024 | $4.82 | $4.84 | -0.4% | $516.4M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 0.5× | 1.0× | 0th | Top 1% |
| P/E (forward) | 0.4× | — | — | — |
| EV / EBITDA | 7.1× | — | — | Top 14% |
| EV / Sales | 4.66× | — | — | Bottom 27% |
| Free-cash-flow yield | 11.88% | — | — | Top 27% |
| Earnings yield | 202.45% | — | — | Top 1% |
P/E over the past five years
Range 0.5× – 2.5× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -12.5%
- Earnings per share growth (TTM)
- +117.4%
- Change in P/E multiple
- -55.6%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -1.1%
- 200-day average slope (20 days)
- -0.7%
- Distance from 50-day average
- -2.9%
- Distance from 200-day average
- -5.5%
- RSI (14)
- 32.1
- Relative volume
- 0.37×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 9.7%
- Volatility vs own 5-year history
- 10th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.27
- Correlation with S&P 500
- 0.31
- Current drawdown from 1-year high
- -12.0%
- Maximum drawdown, 3 years
- -22.3%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Sep 16, 2021 | Oct 1, 2026 | -43.5% | 1265 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $9.20B
- P/E (TTM)
- 0.5
- EPS, diluted (TTM)
- $28.87
- Revenue (TTM)
- $2.53B
- Dividend yield
- 7.36%
- 52-week range
- $14.06 – $16.32
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $2.41B | $2.33B | $2.06B | $2.04B | $2.45B |
| Gross profit | $1.37B | $1.26B | $1.15B | $1.13B | $2.10B |
| Operating income | $965.9M | $805.2M | $730.8M | $706.7M | $776.8M |
| Net income | $565.7M | $1.15B | $672.9M | $511.6M | $716.6M |
| EPS (diluted) | $13.05 | $25.35 | $17.42 | $15.13 | $22.74 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $516.4M | $524.3M | $496.6M | $493.2M | $528.0M | $800.4M | $544.9M | $655.3M |
| Net income | $123.6M | $162.1M | $72.4M | $84.3M | $212.4M | $347.6M | $110.4M | $185.9M |
| EPS (diluted) | $3.78 | $4.50 | $2.20 | $2.80 | $6.87 | $11.21 | $3.84 | $6.95 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.26B | $1.05B | $874.3M | $932.1M | $1.01B |
| Capital expenditure | -$8.4M | -$11.4M | -$12.4M | -$3.4M | -$6.1M |
| Free cash flow | $1.25B | $1.04B | $861.9M | $928.7M | $1.00B |
| Dividends paid | -$1.7M | -$1.6M | -$1.5M | -$1.4M | -$1.0M |
| Net share buybacks | -$628.1M | -$760.1M | -$395.9M | -$810.0M | -$706.3M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $411.0M
- Total assets
- $9.40B
- Total liabilities
- $5.20B
- Total debt
- $3.00B
- Net debt
- $2.59B
- Shareholders’ equity
- $3.04B
As of Jun 30, 2026 (filed Aug 7, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 29, 2026 | $0.26 | Sep 30, 2026 |
| Jun 29, 2026 | $0.26 | Jun 30, 2026 |
| Mar 27, 2026 | $0.26 | Mar 30, 2026 |
| Dec 29, 2025 | $0.26 | Dec 30, 2025 |
| Sep 29, 2025 | $0.26 | Sep 30, 2025 |
| Jun 27, 2025 | $0.26 | Jun 30, 2025 |
| Mar 28, 2025 | $0.26 | Mar 31, 2025 |
| Dec 27, 2024 | $0.26 | Dec 30, 2024 |
Short interest
- Shares sold short
- 4,980
- Days to cover
- 1.00
- Change vs previous report
- -76.8%
FINRA short interest, settlement date Sep 15, 2026.