In this article, we will take a look at the Top 9 Undervalued Asset Management Stocks to Buy.
Wealth management and brokerage stocks have held firm in one of the most unpredictable years characterized by mounting economic and trade policy uncertainty. While uncertainties threatened to cut short a boom in investor trading activity, the segment has remained resilient, supported by a robust US economy and accommodative monetary policies.
Likewise, the rebound in asset management that began in 2024 continued into the first half of the year. The global assets under management hit a record high of $147 trillion as of the end of June, as most managers shrugged off the uncertainties triggered by President Donald Trump’s tariffs and trade war.
According to Moody’s, the resilience in the asset management sector comes amid emerging trends and a dynamic digital and economic landscape. For starters, private credit is becoming a key puzzle in asset management as non-bank institutions increasingly reshape capital investment by providing businesses with flexible alternatives to traditional bank lending.
“At Moody’s, we anticipate the size and scope of global private credit markets will continue to grow rapidly through 2025, driven by potentially lower interest rates, and solid economic strength in the US and Europe. Global private credit assets under management are projected to reach $3 trillion by 2028, reflecting greater momentum than in recent years, as outlined in our 2025 Outlook,” Moody’s wrote in a blog post.
According to analysts at Goldman Sachs, a series of bad loans clipping the wings of alternative asset manager stocks is presenting a window of opportunity for some high-flying names. With that in mind, let’s take a look at some of the top undervalued asset management stocks to buy as US markets flirt with record highs.
Our Methodology
To identify the top undervalued asset management stocks to buy, we used the Finviz stock screener and other online sources to compile an initial group of US-listed equities. From this pool, we focused on companies with significant exposure to asset management and that are popular among elite hedge funds, as of Q2 2025. We further trimmed our list by focusing on stocks with a price-to-earnings multiple of less than 20 and an upside potential of more than 20% (as of November 7). The final list is ranked in ascending order by the number of hedge funds holding stakes in the stocks.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research shows we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
Top Undervalued Asset Management Stocks to Buy
9. HA Sustainable Infrastructure Capital (NYSE:HASI)
Stock Upside Potential: 42.42%
Forward Price to Earnings Ratio: 10.74
Number of Hedge Fund Holders: 4
HA Sustainable Infrastructure Capital (NYSE:HASI) is one of the top undervalued asset management stocks to buy. On November 7, Baird revised its outlook on HA Sustainable Infrastructure Capital (NYSE:HASI), increasing the price target from $39 to $40 while maintaining its Outperform rating. The adjustment came after the company’s third-quarter performance, which featured record earnings and an upward revision to its guidance, prompting the firm to update its valuation model.
A day earlier, on November 6, the company delivered strong third-quarter results. The company delivered adjusted earnings per share of $0.80, a significant improvement from $0.52 delivered in the same quarter last year. Adjusted Recurring net Investment Income increased 42% year-over-year to $105 million as managed assets increased 15% to $15 billion. During the quarter, the company closed $649 million in new transactions and is on track to close $3 billion in new transactions by year-end. The company also closed a $1.2 billion investment in a 2.6 GW renewable project, taking its pipeline to more than $6 billion.
During Hannon Armstrong’s Q3 2025 earnings call, CEO Jeff Lipson expressed confidence in the company’s outlook, citing rising energy demand and steady market conditions as key drivers of growth. He said the firm is well-equipped to perform across different rate environments, thanks to strong assets, smart hedging, and its CCH1 platform.
Lipson also highlighted a $6 billion pipeline and steady interest in renewables, energy efficiency, and newer asset classes. He believes the company’s broad investment approach and disciplined execution will support long-term gains and deliver value to shareholders.
HA Sustainable Infrastructure Capital (NYSE:HASI) is an asset management company that invests across various asset classes, including utility-scale solar, onshore wind, storage, distributed solar, and energy efficiency projects.
8. Burford Capital (NYSE:BUR)
Stock Upside Potential: 121.94%
Forward Price to Earnings Ratio: 9.68
Number of Hedge Fund Holders: 6
Burford Capital (NYSE:BUR) is one of the top undervalued asset management stocks to buy. On November 5, CEO Christopher Bogart reiterated that Burford Capital (NYSE:BUR) is growing at a rate that will enable it to double the size of the platform by 2030.
The remarks are in stark contrast to the disappointing third-quarter results, in which revenues came in at $69.8 million, a significant decline from the $249.11 million reported in the same quarter last year. The company reported a net loss of $20.27 million, compared to an income of $157.86 million in the same quarter of the previous year.
Amidst the disappointing financial results, the company experienced a 61% increase in third-quarter deployments, affirming strong business activity. The company kept up its growth pace, securing $637 million in new firm commitments, up 52% from the same period last year. It also broadened its operations across multiple regions to help spread out risk and strengthen its overall business mix.
Chris Bogart, CEO of Burford Capital, shared that the firm’s portfolio had been performing strongly, with cash returns reaching a new high over a rolling three-year period and 61 assets already generating income this year. He acknowledged the growing interest in the YPF case and expressed optimism about its outlook. At the same time, he pointed out that most of Burford’s operations are unrelated to YPF and continue to expand steadily.
Burford Capital (NYSE:BUR) provides financing and asset management services for law-related activities, with a focus on commercial litigation and arbitration. It also offers capital to businesses and law firms to fund legal fees and expenses, in return for which it receives a share of the recovery from the dispute.
7. GCM Grosvenor Inc. (NASDAQ:GCMG)
Stock Upside Potential: 34.20%
Forward Price to Earnings Ratio: 12.74
Number of Hedge Fund Holders: 8
GCM Grosvenor Inc. (NASDAQ:GCMG) is one of the top undervalued asset management stocks to buy. GCM Grosvenor Inc. (NASDAQ:GCMG) posted its third-quarter results on November 5, delivering stronger-than-expected earnings. The firm reported earnings per share of $0.19, coming in above the projected $0.174. Revenue for the quarter reached $134.97 million, also ahead of the $127.02 million estimate, signaling solid performance across its business segments.
During GCM Grosvenor’s Q3 2025 earnings call, Chairman and CEO Michael Sacks shared an upbeat view of the firm’s progress, citing strong growth in fee-related earnings, EBITDA, and net income. Assets under management hit $87 billion, and fundraising reached a record $9.5 billion over the past year.
Sacks pointed to the firm’s scalable investment model and efficient capital deployment across sectors. He noted key milestones like a $490 million fund obligation and $941 million in unrealized carried interest. At Investor Day, the company outlined plans to double fee-related earnings by 2028 and lift net income per share past $1.20, alongside a dividend increase.
Earlier, on October 15, GCM Grosvenor announced it will raise its quarterly dividend to $0.12 per Class A share beginning in Q4 2025. The increase, bringing the annual payout to $0.48, signals confidence in its financial strength and growth plans.
GCM Grosvenor Inc. (NASDAQ:GCMG) is a global alternative asset management firm that provides customized investment solutions to institutional and high-net-worth clients. It specializes in strategies like private equity, infrastructure, real estate, credit, and absolute return investments.
6. Blue Owl Capital Corporation (NYSE:OBDC)
Stock Upside Potential: 20.10%
Forward Price to Earnings Ratio: 8.60
Number of Hedge Fund Holders: 8
Blue Owl Capital Corporation (NYSE:OBDC) is one of the top undervalued asset management stocks to buy. Citizens JMP revised its price target for Blue Owl Capital Corporation (NYSE:OBDC) on November 7, bringing it down from $17 to $15 while maintaining an Outperform rating. The firm noted that the company’s third-quarter results prompted a reset in expectations but still sees strong value in the stock going forward.
Earlier on November 5, Blue Owl Capital Corporation delivered its Q3 results, affirming solid credit quality and underlying fundamentals. The company also reaffirmed its commitment to shareholder value.
Net investment income per share totaled $0.37 as investment income dropped to $453.1 million from $485.8 million delivered in the second quarter. The decline was due to a decrease in prepayment-related income and interest income from debt investments.
Meanwhile, new investment commitments increased to $1.3 billion from $1.1 billion in the second quarter, as sales and repayments totaled $797 million, compared to $1.9 billion in the same quarter.
Craig W. Packer, Chief Executive Officer of OBDC, noted that the company had delivered another strong quarter, emphasizing the continued strength of its portfolio’s credit quality and fundamentals, attributes that have defined the platform since its inception. He also shared the company’s enthusiasm about the planned merger between OBDC and OBDC II, describing it as a strategic move aimed at creating long-term value for shareholders of both entities.
Consequently, the board of directors has approved a regular quarterly dividend of $0.37 per share, payable on January 15, 2026, to shareholders of record as of December 31, 2025. The board has also approved a $200 million repurchase program.
Blue Owl Capital Corporation (NYSE:OBDC) is an asset manager that provides private capital to businesses and offers alternative investment opportunities to institutional and individual investors. It operates through three leading platforms: Credit, which offers direct lending solutions to middle-market companies; Real Assets; and GP Strategic Capital, which provides long-term financing to investment managers.
5. Corebridge Financial Inc. (NYSE:CRBG)
Stock Upside Potential: 34.27%
Forward Price to Earnings Ratio: 5.99
Number of Hedge Fund Holders: 9
Corebridge Financial Inc. (NYSE:CRBG) is one of the top undervalued asset management stocks to buy. On November 5, Evercore ISI reduced its price target for Corebridge Financial Inc. (NYSE:CRBG) from $38 to $37. The firm maintained its Outperform rating. The quarter was solid, but EPS estimates for Q4 and 2026 were lowered. The revision reflects expected Fed rate cuts, macroeconomic pressures, and share repurchases at current valuations.
Corebridge Financial Inc. reported its third-quarter results on November 4, showing a mixed performance. While earnings per share came in at $0.96, below the $1.10 estimate, revenue reached $5.63 billion, beating forecasts by a wide margin of 15.61%. The shortfall in earnings, despite strong top-line growth, pointed to possible cost pressures or operational inefficiencies.
The company’s revenue strength was largely driven by demand for annuity products and pension risk transfer deals. Looking ahead, Corebridge expects steady growth in spread income and aims for annual EPS growth between 10% and 15%. With plans for increased share buybacks and strategic moves like its Bermuda initiative, the firm is positioning itself for long-term financial flexibility and expansion.
CEO Kevin Hogan emphasized the company’s streamlined structure and improved earnings quality following the transaction. He noted Corebridge’s broad product offerings and consistent cash flow across market cycles. With strong capital ratios, minimal legacy liabilities, and $1.4 billion returned to shareholders this year, the firm continues to execute on its post-IPO strategy, including its Bermuda expansion and international divestitures.
Corebridge Financial Inc. (NYSE:CRBG) is an asset management company that offers retirement solutions and insurance products, enabling individuals to plan and save for financial security through a range of services and products. The company partners with financial professionals and institutions to offer retirement plans, life insurance, and various products, including annuities, stable value wraps, and pension risk transfers.
4. Affiliated Managers Group, Inc. (NYSE:AMG)
Stock Upside Potential: 27.91%
Forward Price to Earnings Ratio: 8.73
Number of Hedge Fund Holders: 10
Affiliated Managers Group Inc. (NYSE:AMG) is one of the top undervalued asset management stocks to buy. Following Affiliated Managers Group’s third-quarter results, Jefferies raised its price target on November 4 from $276 to $282 while keeping a Buy rating. The firm also revised its earnings estimates upward, projecting $8.62 per share for Q4 2025 and $28.17 for 2026, citing strong momentum in AMG’s alternative investment business and increased share repurchases.
Jefferies pointed to AMG’s active pipeline of new investment opportunities and its focus on product innovation and distribution as key factors supporting future growth. These elements, combined with higher exit AUM levels, were seen as distinguishing AMG from its industry peers.
Affiliated Managers Group Inc. shared its third-quarter update on November 3, reporting earnings of $4.82 per share, below the $5.87 estimate, and revenue of $516.4 million, missing projections. As of September 30, AMG managed around $804 billion in assets, partnering with about 40 independent firms. The company’s earnings are now largely driven by its alternatives business, which it plans to grow further, especially in the U.S. wealth market. For Q4, AMG expects adjusted EBITDA between $325 million and $370 million, with economic EPS ranging from $8.10 to $9.26.
CEO Jay Horgen highlighted the company’s strategic focus on expanding its footprint in alternative investments, including a new collaboration with BBH and an investment in BBH Credit Partners. These moves aim to develop new products for the US wealth market, leveraging BBH’s credit expertise and AMG’s distribution strength. With a healthy balance sheet and rising cash flow, AMG sees room to drive long-term value and further earnings growth.
Earlier on October 1, Affiliated Managers Group Inc. entered into a strategic collaboration with Brown Brothers Harriman. The two are joining forces to meet the growing demand for structured and alternative credit solutions in the US wealth market.
Affiliated Managers Group Inc. (NYSE:AMG) is an independent investment management company that invests in and partners with a range of independent, partner-owned investment firms, collectively referred to as Affiliates. It provides centralized support in areas like strategy, distribution, product development, and operations, while also offering growth capital and succession planning solutions.
3. SEI Investments Company (NASDAQ:SEIC)
Stock Upside Potential: 28.06%
Forward Price to Earnings Ratio: 16.21
Number of Hedge Fund Holders: 10
SEI Investments Company (NASDAQ:SEIC) is one of the top undervalued asset management stocks to buy. On October 24, SEI Investments (NASDAQ:SEIC), valued at $10.12 billion, expanded its stock buyback program by $650 million, raising total authorization to $773.2 million, including $123.2 million still unused as of October 20. The firm, overseeing around $1.8 trillion in assets as of September 30, offers financial tech, operations, and asset management services.
Earlier on October 22, SEI Investments Co. delivered solid third-quarter results, surpassing $100 million in net sales events year to date and setting a new record. Additionally, the company’s earnings per share reached a record high, benefiting from the disciplined execution of its enterprise strategy and a healthy sales pipeline.
Revenues in the quarter increased 8% year over year to $578.511 million, as the operating margin improved to 28% from 27%. Net sales events in the quarter totaled $30.5 million, affirming strong demand for outsourcing and client expansions. Consequently, the company’s earnings per share improved 9% to $1.30, driven by revenue growth and margin expansion across the business.
CEO Ryan Hicke expressed strong optimism about SEI’s future, noting that the company was putting resources into technology and talent, focusing its capital on areas with the highest potential returns, and working to improve margins. He conveyed a high level of confidence in SEI’s ability to deliver lasting value to both clients and shareholders.
SEI Investments Company (NASDAQ:SEIC) is an asset management company that provides technology and investment solutions to financial institutions, advisors, and families, with services spanning investment processing, management, and operations outsourcing. It offers end-to-end solutions that help clients manage assets.
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.
1. Apollo Global Management, Inc. (NYSE:APO)
Stock Upside Potential: 21.34%
Forward Price to Earnings Ratio: 13.87
Number of Hedge Fund Holders: 17
Apollo Global Management Inc. (NYSE:APO) is one of the top undervalued asset management stocks to buy. On November 5, Keefe, Bruyette & Woods bumped up its price target for Apollo Global Management (NYSE:APO) from $162 to $173, keeping its Outperform rating. The move came after Apollo’s latest earnings report, which showed adjusted net income per share beating expectations by $0.26.
KBW credited the strong results to better-than-expected fee-related and strategic revenue earnings, along with a lower tax rate. Analyst Kyle Voigt said the firm is revising its ANI estimates upward, citing improved projections and management’s updated outlook.
Apollo Global Management Inc. posted third-quarter earnings of $2.17 per share on November 4, beating analyst estimates by $0.26 and marking a 17% year-over-year increase. Adjusted net income reached $1.4 billion, driven by record fee-related and spread-related earnings totaling $1.5 billion. Despite this, revenue came in at $1.15 billion, well below the $4.92 billion forecast, but investors remained focused on the company’s earnings strength. Assets under management rose to $908 billion, supported by $82 billion in quarterly inflows.
Looking ahead, Apollo expects over 20% growth in fee-related earnings and 10% in spread-related earnings for 2026.
Apollo CEO Mark Rowan underscored the central role of origination in the firm’s operations, calling it the core driver of their business. He also pointed to the rising acceptance and demand for private assets, framing them as an increasingly vital part of the investment landscape. His remarks signal Apollo’s continued focus on expanding its reach in private markets and reaffirm its long-term strategy.
Apollo Global Management Inc. (NYSE:APO) is a global asset manager that offers a range of investment solutions, including private and public equity, credit, and tangible assets. It also offers retirement services through its subsidiary, Athene, which provides retirement savings products and capital solutions to businesses for growth.
While we acknowledge the potential of Apollo Global Management Inc. (NYSE:APO) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than APO and that has 100x upside potential, check out our report about this cheapest AI stock.
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