Global Diversified Financials Undervalued based on future growth

Apollo Global Management

Market Cap: US$58.0b

A private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets.

FirstRand

Market Cap: R489.8b

Provides transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, and internationally.

CSC Financial

Market Cap: HK$183.3b

Provides investment banking services in Mainland China and internationally.

Global Payments

Market Cap: US$19.7b

Provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific.

China Galaxy Securities

Market Cap: HK$148.7b

Provides various financial services in the People’s Republic of China.

Kaspi.kz

Market Cap: US$13.6b

Provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine.

Ally Financial

Market Cap: US$11.4b

A digital financial-services company, provides various digital financial products and services in the United States and Canada.

Stifel Financial

Market Cap: US$11.0b

Operates as the bank holding company for Stifel, Nicolaus & Company, Incorporated that provides retail and institutional wealth management, and investment banking services to individual, corporations, municipalities, and institutions in the United States, the United Kingdom, Canada, and internationally.

OneMain Holdings

Market Cap: US$6.2b

A financial service holding company, engages in the consumer finance and insurance businesses in the United States.

Virtu Financial

Market Cap: US$6.1b

Operates as a financial services company in the United States, Ireland, and internationally.

Voya Financial

Market Cap: US$6.1b

Provides workplace benefits, and savings solutions and technologies in the United States and internationally.

Rithm Capital

Market Cap: US$5.3b

Operates as an asset manager focused on real estate, credit, and financial services in the United States.

Hamilton Lane

Market Cap: US$5.3b

A private equity and venture capital firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies.

PennyMac Financial Services

Market Cap: US$4.4b

Through its subsidiaries, engages in the mortgage banking and investment management activities in the United States.

Victory Capital Holdings

Market Cap: US$4.3b

Operates as an asset management company in the United States and internationally.

Gentera. de

Market Cap: Mex$74.4b

Provides various financial products and services in Mexico and Peru.

Moelis

Market Cap: US$4.1b

Operates as an investment banking advisory company in North and South America, Europe, the Middle East, Asia, and Australia.

Grupo de Inversiones Suramericana

Market Cap: Col$14.8t

Through its subsidiaries, invests in the financial services sector in Colombia, Chile, Mexico, Brazil, Uruguay, Panama, Peru, Dominican Republic, El Salvador, Argentina, the United States, Luxembourg, and Bermuda.

Lazard

Market Cap: US$3.8b

Operates as a financial advisory and asset management firm in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Man Group

Market Cap: UK£2.8b

Man Group Limited is a publicly owned investment manager.

StoneCo

Market Cap: US$3.4b

Provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil.

Enova International

Market Cap: US$3.4b

A technology and analytics company, provides online financial services in the United States, Brazil, and internationally.

NCR Atleos

Market Cap: US$3.3b

A financial technology company, engages in the provision of self-directed banking solutions to financial institutions, merchants, manufacturers, retailers, and consumers in the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Moscow Exchange MICEX-RTS

Market Cap: ₽192.3b

Public Joint-Stock Company Moscow Exchange MICEX-RTS, an integrated exchange, provides competitive trading, clearing, settlement, depository, and information services to financial market participants.

Tikehau Capital

Market Cap: €2.7b

An alternative asset management group with 46.1 billion euro of assets under management (as of 30 June 2024).

Euronet Worldwide

Market Cap: US$2.8b

Provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers internationally.

Dynex Capital

Market Cap: US$2.7b

A mortgage real estate investment trust, invests in residential and commercial mortgage-backed securities (MBS) in the United States.

PagSeguro Digital

Market Cap: US$2.6b

Engages in the provision of financial and payment solutions for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally.

Fuyo General Lease

Market Cap: JP¥395.2b

Engages in the leasing and instalment sales business in Japan and internationally.

Sezzle

Market Cap: US$2.2b

Operates as a technology-enabled payments company primarily in the United States and Canada.

IIFL Finance

Market Cap: ₹203.1b

A non-banking financial company, provides financial services in India and internationally.

WisdomTree

Market Cap: US$2.1b

Through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager.

Merchants Bancorp

Market Cap: US$1.9b

Operates as the diversified bank holding company in the United States.

PicS

Market Cap: US$1.9b

Operates as a digital financial services company that provides digital wallet and application for individuals and businesses in Brazil.

Antin Infrastructure Partners SAS

Market Cap: €1.7b

A private equity firm specializing in infrastructure investments.

Patria Investments

Market Cap: US$1.8b

Operates as a private market investment firm.