Affiliated Managers Group (AMG) vs Morningstar (MORN)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Affiliated Managers Group (AMG) has outperformed Morningstar (MORN) over the past year, gaining 59.8% versus a loss of 11.2%. Over five years, AMG leads with a +141.8% price change compared with -26.1% for MORN. Affiliated Managers Group is the larger company by market cap ($10.09 billion vs $7.66 billion), about 1.3 times the size, while Morningstar is growing revenue faster (+7.5% vs +1.6%).
On valuation, Affiliated Managers Group trades at a lower forward P/E (9.1x vs 14.6x for Morningstar). Morningstar offers the higher dividend yield (0.96% vs 0.01%). Affiliated Managers Group converts more of its revenue into profit, with a net margin of 34.5% versus 15.3%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AMG | MORN |
|---|---|---|
| Share price | $390.27 | $204.10 |
| Market cap | $10.09B | $7.66B |
| 1-day change | +0.85% | +0.67% |
| YTD return | +34.24% | -6.70% |
| 1-year return | +59.83% | -11.17% |
| 5-year return | +141.81% | -26.12% |
| P/E ratio (TTM) | 13.67 | 19.42 |
| Forward P/E | 9.11 | 14.58 |
| EPS (TTM) | $28.54 | $10.51 |
| Dividend yield | 0.01% | 0.96% |
| Annual dividend | $0.04 | $1.96 |
| Revenue (latest FY) | $2.07B | $2.45B |
| Revenue growth (YoY) | +1.64% | +7.49% |
| Net income (latest FY) | $716.60M | $374.20M |
| Gross margin | — | 61.03% |
| Operating margin | — | 21.53% |
| Net margin | 34.54% | 15.30% |
| 52-week high | $393.42 | $228.95 |
| 52-week low | $230.26 | $141.49 |
| Distance from 52-week high | -0.80% | -10.85% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +12.85% | +15.96% |
| Average volume | 277.13K | 336.48K |
| Shares outstanding | 25.86M | 37.51M |
| Employees | 5,600 | 10,973 |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Managers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- AMG has outperformed MORN by 71.0 percentage points over the past year.
- Morningstar trades at a higher earnings multiple (19.4x vs 13.7x trailing P/E).
- Affiliated Managers Group is more profitable, keeping 34.5 cents of every revenue dollar as net income versus 15.3 cents for Morningstar.
- Morningstar grew revenue faster in its latest fiscal year (+7.49% vs +1.64%).
About Affiliated Managers Group
AMG stock →Affiliated Managers Group, Inc., through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.
Finance · Investment Managers · 5,600 employees
About Morningstar
MORN stock →Morningstar, Inc. provides independent investment insights for investors in the United States, Asia, Australia, Canada, Continental Europe, the United Kingdom, and internationally.
Finance · Investment Managers · 10,973 employees
AMG vs MORN FAQ
Which is bigger, Affiliated Managers Group or Morningstar?
Affiliated Managers Group (AMG) is larger, with a market capitalization of $10.09B compared with $7.66B for Morningstar (MORN).
Which stock has performed better over the past year, AMG or MORN?
AMG returned +59.83% over the past 12 months, compared with -11.17% for MORN (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AMG or MORN?
AMG has the lower trailing P/E at 13.7, versus 19.4 for MORN. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Affiliated Managers Group or Morningstar?
Morningstar has the higher yield at 0.96%, compared with 0.01% for Affiliated Managers Group.
Are Affiliated Managers Group and Morningstar in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.