Affiliated Managers Group (AMG) vs Victory Capital (VCTR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Victory Capital (VCTR) has outperformed Affiliated Managers Group (AMG) over the past year, gaining 69.0% versus a gain of 56.8%. Over five years, VCTR leads with a +203.4% price change compared with +135.6% for AMG. Affiliated Managers Group is the larger company by market cap ($9.75 billion vs $6.88 billion), about 1.4 times the size, while Victory Capital is growing revenue faster (+46.2% vs +1.6%).
On valuation, Affiliated Managers Group trades at a lower forward P/E (8.8x vs 13.0x for Victory Capital). Victory Capital offers the higher dividend yield (1.76% vs 0.01%). Affiliated Managers Group converts more of its revenue into profit, with a net margin of 34.5% versus 25.3%.
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 | VCTR |
|---|---|---|
| Share price | $377.09 | $111.85 |
| Market cap | $9.75B | $6.88B |
| 1-day change | -0.69% | -1.76% |
| YTD return | +30.50% | +78.07% |
| 1-year return | +56.78% | +69.04% |
| 5-year return | +135.62% | +203.36% |
| P/E ratio (TTM) | 13.21 | 20.45 |
| Forward P/E | 8.81 | 13.05 |
| EPS (TTM) | $28.54 | $5.47 |
| Dividend yield | 0.01% | 1.76% |
| Annual dividend | $0.04 | $1.97 |
| Revenue (latest FY) | $2.07B | $1.31B |
| Revenue growth (YoY) | +1.64% | +46.19% |
| Net income (latest FY) | $716.60M | $330.06M |
| Operating margin | — | 36.63% |
| Net margin | 34.54% | 25.27% |
| 52-week high | $392.92 | $123.55 |
| 52-week low | $230.26 | $57.03 |
| Distance from 52-week high | -4.03% | -9.47% |
| Analyst consensus | strong_buy | hold |
| Avg. price target upside | +16.80% | +6.10% |
| Average volume | 275.05K | 628.58K |
| Shares outstanding | 25.86M | 61.51M |
| Employees | 5,600 | 699 |
| 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
- VCTR has outperformed AMG by 12.3 percentage points over the past year.
- Victory Capital trades at a higher earnings multiple (20.4x vs 13.2x trailing P/E).
- Victory Capital offers a meaningfully higher dividend yield (1.76% vs 0.01%).
- Affiliated Managers Group is more profitable, keeping 34.5 cents of every revenue dollar as net income versus 25.3 cents for Victory Capital.
- Victory Capital grew revenue faster in its latest fiscal year (+46.19% 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 Victory Capital
VCTR stock →Victory Capital Holdings, Inc., together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.
Finance · Investment Managers · 699 employees
AMG vs VCTR FAQ
Which is bigger, Affiliated Managers Group or Victory Capital?
Affiliated Managers Group (AMG) is larger, with a market capitalization of $9.75B compared with $6.88B for Victory Capital (VCTR).
Which stock has performed better over the past year, AMG or VCTR?
VCTR returned +69.04% over the past 12 months, compared with +56.78% for AMG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AMG or VCTR?
AMG has the lower trailing P/E at 13.2, versus 20.4 for VCTR. 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 Victory Capital?
Victory Capital has the higher yield at 1.76%, compared with 0.01% for Affiliated Managers Group.
Are Affiliated Managers Group and Victory Capital in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.