Affiliated Managers Group Future Growth

Future criteria checks 1/6

Affiliated Managers Group is forecast to grow earnings and revenue by 3% and 2.2% per annum respectively. EPS is expected to grow by 10.4% per annum. Return on equity is forecast to be 11.3% in 3 years.

Key information

3.0%

Earnings growth rate

10.4%

EPS growth rate

Capital Markets earnings growth	13.2%
Revenue growth rate	2.2%
Future return on equity	11.3%
Analyst coverage	Low
Last updated	11 Dec 2024

Recent future growth updates

Recent updates

Affiliated Managers Group: Unfavorable Outlook Is Priced In (Rating Downgrade)

Nov 05

Affiliated Managers Group, Inc.'s (NYSE:AMG) Share Price Is Matching Sentiment Around Its Earnings

Sep 22

Affiliated Managers Group: Growing EPS And Fed Pivot Beneficiary

Jul 29

Affiliated Managers Group Is Undervalued Against Peer Group

Apr 19

Investors Don't See Light At End Of Affiliated Managers Group, Inc.'s (NYSE:AMG) Tunnel

Apr 13

Earnings and Revenue Growth Forecasts

NYSE:AMG - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	2,279	562	686	703	3
12/31/2025	2,168	610	835	853	5
12/31/2024	2,048	549	770	788	5
9/30/2024	2,019	546	966	975	N/A
6/30/2024	2,028	639	993	1,003	N/A
3/31/2024	2,040	688	837	849	N/A
12/31/2023	2,058	673	862	874	N/A
9/30/2023	2,095	1,255	868	877	N/A
6/30/2023	2,148	1,150	864	874	N/A
3/31/2023	2,240	1,134	1,135	1,145	N/A
12/31/2022	2,330	1,146	1,043	1,055	N/A
9/30/2022	2,482	546	1,147	1,159	N/A
6/30/2022	2,478	562	1,202	1,215	N/A
3/31/2022	2,461	562	1,204	1,215	N/A
12/31/2021	2,412	566	1,251	1,259	N/A
9/30/2021	2,275	503	1,273	1,280	N/A
6/30/2021	2,195	446	1,179	1,185	N/A
3/31/2021	2,079	368	1,106	1,113	N/A
12/31/2020	2,028	202	1,001	1,009	N/A
9/30/2020	2,029	109	929	939	N/A
6/30/2020	2,083	124	988	995	N/A
3/31/2020	2,204	201	1,023	1,033	N/A
12/31/2019	2,240	16	920	929	N/A
9/30/2019	2,249	-158	869	881	N/A
6/30/2019	2,301	-119	858	873	N/A
3/31/2019	2,309	-110	902	918	N/A
12/31/2018	2,378	244	1,122	1,141	N/A
9/30/2018	2,418	710	1,228	1,246	N/A
6/30/2018	2,402	711	N/A	1,304	N/A
3/31/2018	2,373	720	N/A	1,253	N/A
12/31/2017	2,305	690	N/A	1,170	N/A
9/30/2017	2,251	525	N/A	1,166	N/A
6/30/2017	2,210	509	N/A	1,153	N/A
3/31/2017	2,194	491	N/A	1,147	N/A
12/31/2016	2,195	473	N/A	1,050	N/A
9/30/2016	2,234	470	N/A	1,037	N/A
6/30/2016	2,302	468	N/A	1,079	N/A
3/31/2016	2,395	486	N/A	1,115	N/A
12/31/2015	2,485	510	N/A	1,213	N/A
9/30/2015	2,536	535	N/A	1,218	N/A
6/30/2015	2,563	530	N/A	1,237	N/A
3/31/2015	2,553	503	N/A	1,214	N/A
12/31/2014	2,511	434	N/A	1,437	N/A
9/30/2014	2,464	438	N/A	1,240	N/A
6/30/2014	2,375	410	N/A	1,118	N/A
3/31/2014	2,280	375	N/A	1,053	N/A
12/31/2013	2,189	361	N/A	957	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMG's forecast earnings growth (3% per year) is above the savings rate (2.6%).

Earnings vs Market: AMG's earnings (3% per year) are forecast to grow slower than the US market (15.2% per year).

High Growth Earnings: AMG's earnings are forecast to grow, but not significantly.

Revenue vs Market: AMG's revenue (2.2% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: AMG's revenue (2.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AMG's Return on Equity is forecast to be low in 3 years time (11.3%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 07:51
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Affiliated Managers Group, Inc. is covered by 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Alexander Paris	Barrington Research Associates, Inc.
Craig Siegenthaler	BofA Global Research
William Katz	Citigroup Inc

Affiliated Managers Group Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target decreased by 7.1% to US$194

Consensus EPS estimates increase by 11%, revenue downgraded

Consensus EPS estimates increase by 25%

Price target decreased by 7.6% to US$165

Consensus EPS estimates fall by 13%

Consensus EPS estimates increase by 14%, revenue downgraded

Recent updates

Third quarter dividend of US$0.01 announced

Price target decreased by 7.1% to US$194

Affiliated Managers Group, Inc. Announced A Third-Quarter 2024 Cash Dividend on Common Stock, Payable November 29, 2024

Affiliated Managers Group: Unfavorable Outlook Is Priced In (Rating Downgrade)

Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Affiliated Managers Group, Inc. to Report Q3, 2024 Results on Nov 04, 2024

CEO, President & Director exercised options and sold US$6.9m worth of stock

Affiliated Managers Group, Inc.'s (NYSE:AMG) Share Price Is Matching Sentiment Around Its Earnings

Head of Affiliate Investments notifies of intention to sell stock

Independent Director exercised options and sold US$615k worth of stock

Second quarter dividend of US$0.01 announced

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Affiliated Managers Group: Growing EPS And Fed Pivot Beneficiary

Affiliated Managers Group, Inc. to Report Q2, 2024 Results on Jul 29, 2024

Affiliated Managers Group, Inc. (NYSE:AMG) acquired unknown minority stake Suma Capital, SGEIC, S.A.

First quarter dividend of US$0.01 announced

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Affiliated Managers Group, Inc. to Report Q1, 2024 Results on May 06, 2024

Affiliated Managers Group Is Undervalued Against Peer Group

Insufficient new directors

Affiliated Managers Group, Inc., Annual General Meeting, May 22, 2024

Investors Don't See Light At End Of Affiliated Managers Group, Inc.'s (NYSE:AMG) Tunnel

Independent Director exercised options and sold US$422k worth of stock

AMG Appoints Dava E. Ritchea as Chief Financial Officer, Effective April 1, 2024

Consensus EPS estimates increase by 11%, revenue downgraded

Fourth quarter dividend of US$0.01 announced

Full year 2023 earnings: EPS exceeds analyst expectations

Affiliated Managers Group, Inc. Declares Fourth-Quarter Cash Dividend, Payable on February 29, 2024

Affiliated Managers Group, Inc. to Report Q4, 2023 Results on Feb 05, 2024

Affiliated Managers Group, Inc. Announces Board Appointments

CEO, President & Director exercised options and sold US$358k worth of stock

Affiliated Managers Group: Watch Out For Positive Surprises

Consensus EPS estimates increase by 25%

Affiliated Managers Group, Inc. Announces Dividend for the Third Quarter, Payable on November 30, 2023

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Affiliated Managers Group, Inc. to Report Q3, 2023 Results on Nov 06, 2023

Affiliated Managers Group, Inc. (NYSE:AMG) acquired an unknown minority stake in Ara Partners Group, LLC from Capital Constellation LP, a fund managed by Wafra Inc.

Affiliated Managers Group: Spotlight On Recent Deals (Rating Upgrade)

AMG Announces the Appointment of Loren M. Starr to Its Board of Directors

CEO, President & Director exercised options and sold US$2.6m worth of stock

Price target decreased by 7.6% to US$165

Consensus EPS estimates fall by 13%

Affiliated Managers Group, Inc. Declares Quarterly Dividend, Payable on August 21, 2023

Affiliated Managers Group: Rough Seas Ahead But Holding Steady

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Now 21% undervalued

Pathstone Family Office, LLC agreed to acquire Veritable LP from Affiliated Managers Group, Inc. (NYSE:AMG).

Affiliated Managers Group, Inc. (NYSE:AMG) entered into a definitive agreement to acquire a minority equity interest in Forbion Capital Partners B.V.

Consensus EPS estimates increase by 14%, revenue downgraded

Now 20% undervalued after recent price drop

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Independent Director recently bought US$501k worth of stock

CEO, President & Director exercised options and sold US$1.3m worth of stock

Affiliated Managers goes ex dividend tomorrow & repurchased $130M common stock

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Affiliated Managers Group, Inc. Declares Quarterly Dividend, Payable March 2, 2023

Affiliated Managers Q4 2022 Earnings Preview

Affiliated Managers Group, Inc. to Report Q4, 2022 Results on Feb 06, 2023

CEO, President & Director exercised options and sold US$577k worth of stock

Affiliated Managers Group, Inc. Announces the Retirement of David M. Billings as General Counsel Effective December 31, 2022

General Counsel & Secretary exercised options and sold US$236k worth of stock

Buy These Quality Baby Bonds From Affiliated Managers Group Now

Affiliated Managers Group, Inc. Provides Earnings Guidance for the Full Year 2022

Price target increased to US$152

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Affiliated Managers Group, Inc. Declares Quarterly Dividend, Payable on December 1, 2022

Affiliated Managers Q3 2022 Earnings Preview

Affiliated Managers Group, Inc. to Report Q3, 2022 Results on Nov 07, 2022

Affiliated Managers Q3 2022 Earnings Preview