{"url_path":"/sec/mgre/10-k/2026/item-5","section_key":"item-5","section_title":"Item 5 Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-02-17","source_url":"https://www.sec.gov/Archives/edgar/data/1004434/0001628280-26-008665-index.html","accession_number":"0001628280-26-008665","cik":"0001004434","ticker":"AMG","issuer_name":"AFFILIATED MANAGERS GROUP, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1004434/0001628280-26-008665-index.html","primary_entity_key":"0001004434","primary_entity_name":"AFFILIATED MANAGERS GROUP, INC."},"word_count":570,"has_tables":true,"body_markdown":"Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity\n\nSecurities\n\nOur common stock is traded on the New York Stock Exchange (symbol: AMG).  As of February 12, 2026, there were 24\n\nstockholders of record, including banks, brokers, and other financial institutions holding shares in omnibus accounts for their\n\ncustomers (in total representing substantially all of the beneficial holders of our common stock).\n\nIssuer Purchases of Equity Securities\n\nPeriod\n\nTotal Number\n\nof Shares\n\nPurchased(1)\n\nAverage Price\n\nPaid Per Share\n\nTotal Number of\n\nShares Purchased as\n\nPart of Publicly\n\nAnnounced Plans or\n\nPrograms\n\nAverage Price\n\nPaid Per Share\n\nMaximum Number of\n\nShares that May Yet Be\n\nPurchased Under\n\nOutstanding Plans or\n\nPrograms(2)\n\nOctober 1-31, 2025 . . . . . . . . . . .\n\n200,499\n\n$238.98\n\n200,499\n\n$238.98\n\n3,150,971\n\nNovember 1-30, 2025 . . . . . . . . .\n\n790,725\n\n257.88\n\n790,725\n\n257.88\n\n2,360,246\n\nDecember 1-31, 2025 . . . . . . . . .\n\n357,293\n\n274.76\n\n357,293\n\n274.76\n\n2,002,953\n\nTotal . . . . . . . . . . . . . . . . . . . . .\n\n1,348,517\n\n$259.54\n\n1,348,517\n\n$259.54\n\n___________________________\n\n(1)Includes shares surrendered to the Company to satisfy tax withholding and/or option exercise price obligations in\n\nconnection with certain stock swap and option exercise transactions, if any. \n\n(2)Our Board of Directors authorized share repurchase programs in July 2024 and January 2026 to repurchase up to 5.4\n\nmillion and 4.2 million shares of our common stock, respectively, and these authorizations have no expiry.  Purchases may\n\nbe made from time to time, at management’s discretion, in the open market or in privately negotiated transactions,\n\nincluding through the use of trading plans, as well as pursuant to accelerated share repurchase programs or other share\n\nrepurchase strategies that may include derivative financial instruments.  As of the January 26, 2026 authorization, there\n\nwere a total of 6.0 million shares available for repurchase under our share repurchase programs.\n\nFor the years ended December 31, 2023, 2024, and 2025, we repurchased 3.0 million, 4.3 million, and 3.3 million shares of\n\nour common stock at an average price per share of $132.99, $162.65, and $212.92, respectively.\n\n23\n\n[Table of Contents](#ibfa0590d77ac4199aa63edb4b8813f49_7)\n\nPerformance Graph\n\nOur peer group comprises AllianceBernstein Holding L.P., Artisan Partners Asset Management Inc., The Carlyle Group\n\nInc., Federated Hermes, Inc., Franklin Resources, Inc., Invesco Ltd., Janus Henderson Group plc, Lazard, Inc., StepStone\n\nGroup Inc., TPG Inc., T. Rowe Price Group, Inc., and Victory Capital Holdings, Inc.  Prior to 2025, our peer group also\n\nincluded Blue Owl Capital Inc. and Virtus Investment Partners, Inc., and did not include StepStone Group Inc. and T. Rowe\n\nPrice Group, Inc.  In keeping with its regular review and evaluation of the peer group, the Compensation Committee of our\n\nBoard of Directors further refined our peer group in 2025 to reflect our Company’s growth, overall changes in the asset\n\nmanagement industry, and the business models, size, and scope of our competitors.  The following graph compares the\n\ncumulative stockholder return on our common stock from December 31, 2020 through December 31, 2025, with the cumulative\n\ntotal return, during the same period, on the Standard & Poor’s MidCap 400 Index, our prior peer group, and our current peer\n\ngroup.  The comparison below assumes the investment of $100 on December 31, 2020 in our common stock and each of the\n\ncomparison indices and, in each case, assumes reinvestment of all dividends."}