The Investor
09 Nov 2026, 19:06
AMG Rises 4% as Economic EPS Jumps 56% and Assets Reach Record $974 Billion
AMG (NYSE: AMG) shares rose about 4% after the asset manager reported sharply higher third-quarter earnings, record assets under management and strong client inflows led by alternative strategies.
Third-quarter Economic EPS increased 56% year over year to $9.50, while adjusted EBITDA attributable to the controlling interest rose 41% to $354 million. Net income attributable to the controlling interest was $173 million, or $6.64 per diluted share.
Assets under management reached a record $974 billion. AMG recorded approximately $21 billion of net client cash flows during the quarter, including more than $31 billion of record alternative-strategy inflows.
Management said the quarter marked the sixth consecutive period of alternative-led inflows, highlighting growing exposure to structural growth areas and improving organic growth prospects.
Capital returns also remained strong. AMG repurchased $400 million of stock during the quarter, bringing year-to-date repurchases to $775 million.
The 4% share gain appears to reflect accelerating earnings growth, record AUM, strong alternative asset inflows and continued aggressive share repurchases, all of which strengthen visibility into future earnings and cash generation.
AMG (NYSE: AMG) shares rose about 4% after the asset manager reported sharply higher third-quarter earnings, record assets under management and strong client inflows led by alternative strategies.
Third-quarter Economic EPS increased 56% year over year to $9.50, while adjusted EBITDA attributable to the controlling interest rose 41% to $354 million. Net income attributable to the controlling interest was $173 million, or $6.64 per diluted share.
Assets under management reached a record $974 billion. AMG recorded approximately $21 billion of net client cash flows during the quarter, including more than $31 billion of record alternative-strategy inflows.
Management said the quarter marked the sixth consecutive period of alternative-led inflows, highlighting growing exposure to structural growth areas and improving organic growth prospects.
Capital returns also remained strong. AMG repurchased $400 million of stock during the quarter, bringing year-to-date repurchases to $775 million.
The 4% share gain appears to reflect accelerating earnings growth, record AUM, strong alternative asset inflows and continued aggressive share repurchases, all of which strengthen visibility into future earnings and cash generation.
