Affiliated Managers Group Inc. (AMG) saw its stock price surge 5.95% during intraday trading on Friday, following the release of its robust first-quarter 2026 financial results.
The investment management platform reported quarterly economic earnings per share of $8.23, surpassing the analyst consensus estimate of $8.07 and representing a 58% increase from the same period last year. Revenue for the quarter rose 9.7% year-over-year to $544.9 million. A key performance metric, Adjusted EBITDA, came in at $317.3 million, beating the estimate of $312.6 million.
The strong results were driven by record assets under management, which reached $882 billion, fueled by net client cash inflows of $22.5 billion. The company attributed this momentum to broad-based demand for its affiliates' liquid alternative and private markets strategies. Additionally, AMG provided guidance for the second quarter, forecasting economic EPS in the range of $7.60 to $8.01, and highlighted disciplined capital allocation, including the repurchase of approximately $186 million of its common stock during the quarter.
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