Top 9 Undervalued Asset Management Stocks to Buy

2. Equitable Holdings, Inc. (NYSE:EQH)

Stock Upside Potential: 43.75%

Forward Price to Earnings Ratio: 5.82

Number of Hedge Fund Holders: 11

Equitable Holdings Inc. (NYSE:EQH) is one of the top undervalued asset management stocks to buy. On November 4, Equitable Holdings reported third-quarter results for the period ending September 30, 2025.

Equitable Holdings reported third-quarter earnings of $1.67 per share, topping analyst expectations by $0.04. Revenue came in at $1.45 billion, falling significantly short of the $3.53 billion consensus estimate. The company posted a net loss of $1.3 billion, or $(4.47) per share, largely due to a one-time impact from its life reinsurance transaction. Excluding notable items, non-GAAP operating earnings reached $510 million, supported by strong net inflows of $1.1 billion in Retirement, $2.2 billion in Wealth Management, and $1.7 billion in Asset Management.

Equitable deployed $1.5 billion in capital during the quarter, including $757 million in buybacks and dividends, $500 million in debt repayment, and around $200 million toward growth initiatives. It also announced the acquisition of Stifel Independent Advisors, adding over 110 advisors and approximately $9 billion in assets. CEO Mark Pearson highlighted record assets under management of $1.1 trillion and reaffirmed confidence in the company’s long-term financial targets.

Equitable Holdings Inc. (NYSE:EQH) is an asset management company that provides a range of products and services, including retirement plans, investment management, and insurance solutions. Its main businesses include Equitable, Alliance Bernstein, and Equitable Advisors, and it offers variable annuities, life insurance, and a variety of investment and advisory services.