Affiliated Managers 2Q economic EPS $8.29, est. $7.87

Affiliated Managers Group, Inc. (AMG) reported second-quarter 2026 economic earnings per share (EPS) of $8.29, exceeding the estimated range of $7.60 to $8.01. This result reflects strong performance across its portfolio of independent investment affiliates, which continue to benefit from strategic growth initiatives and a diverse range of asset management strategies. The company’s economic net income (controlling interest) for the quarter is projected to fall between $203 million and $214 million.

AMG’s operating performance also showed resilience, with assets under management (AUM) at period end reaching $716.2 billion, down slightly from $813.3 billion in the prior year but reflecting ongoing strategic reallocations. Average AUM for the quarter was $664.4 billion, contributing to aggregate fees of $4,626.4 million. The company’s adjusted EBITDA (controlling interest) for the quarter was reported at $795.3 million, representing a 6% decline compared to $1,076.8 million in the same period of 2025.

AMG continues to prioritize disciplined capital allocation, returning excess capital to shareholders through share repurchases and a consistent quarterly dividend. The company’s strong earnings surprise history, including a 4.26% average beat over the past four quarters, underscores its ability to outperform expectations despite rising expenses. With a Zacks Rank #2 (Buy) and a positive Earnings ESP of +1.86%, AMG remains a key player in the investment management sector.