In a report released yesterday, Craig Siegenthaler from Bank of America Securities reiterated a Buy rating on Affiliated Managers, with a price target of $372.00.
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Craig Siegenthaler has given his Buy rating due to a combination of factors driving Affiliated Managers’ strong performance and future potential. The company has reported a significant earnings per share (EPS) of $6.10, surpassing both consensus and Bank of America’s expectations, largely due to increased fees and record inflows in alternative investments. AQR and Pantheon have contributed to margin expansion through their profit-sharing structures, alongside a favorable shift towards higher-fee alternatives, which is expected to continue with robust inflows projected for the next quarter.
Furthermore, alternatives now make up a substantial portion of AMG’s EBITDA, and this is anticipated to grow further. The strategic collaboration with BBH is set to enhance AMG’s capabilities in structured credit and expand its presence in U.S. wealth alternatives. With a strong pipeline of affiliate initiatives and a commitment to share repurchases, AMG is well-positioned for significant EBITDA and EPS growth in 2026. The price objective has been increased to $372, reflecting a 45% total return potential, underscoring the company’s leadership in tax-aware investments and its strategic focus on growth verticals.
According to TipRanks, Siegenthaler is a 5-star analyst with an average return of 19.9% and a 61.03% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Blue Owl Capital, Janus Henderson Group, and BlackRock.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $265.00 price target.