Affiliated Managers (US:AMG) ZACKS·2026-02-09 14:41Core Insights - Affiliated Managers Group Inc. (AMG) is expected to report improved fourth-quarter and full-year 2025 results on February 12, with earnings and revenues anticipated to rise year over year [1] - AMG has a strong earnings surprise history, surpassing consensus estimates in three of the last four quarters with an average beat of 4.38% [2] AMG Developments - In November, AMG sold its interest in Comvest Partners' private credit business to Manulife Financial Corporation for approximately $285 million [3] - In October, AMG acquired a minority stake in Montefiore Investment, a middle-market private equity firm in France and Southern Europe, as part of its strategy to partner with leading independent asset managers [4] - AMG entered a strategic partnership with Brown Brothers Harriman & Co. to expand BBH's structured and alternative credit strategies into the U.S. wealth market, with the transaction expected to close in Q1 2026 [5][6] Management Expectations for Q4 - Management anticipates adjusted EBITDA in the range of $325-$370 million, with net performance fees between $75-$120 million [7] - Interest expenses are projected at $32 million, with net income (controlling interest) expected to be between $189 million and $223 million [8] Earnings Projections - The consensus estimate for AMG's Q4 earnings is $8.75, reflecting a 34% increase from the previous year, with sales projected at $551.5 million, indicating a 5.2% growth [11] - Economic net income (controlling interest) is expected to range from $234 million to $267 million, with economic earnings per share between $8.10 and $9.26 [11] Peer Performance - T. Rowe Price Group, Inc. reported adjusted EPS of $2.44, missing estimates but showing a 15.1% year-over-year increase, affected by higher expenses [12] - Invesco's adjusted earnings of 62 cents per share exceeded estimates, with a 19.2% increase from the prior year, supported by higher adjusted revenues and AUM growth [13]