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U.S. Asset Management Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies346
  • 7D-3.8%
  • 3M-9.2%
  • 1Y-9.8%
  • YTDn/a

Over the last 7 days, the Asset Management industry has dropped 3.8%, driven by a pullback from KKR of 1.7%. Overall the industry is down 9.8% in 12 months. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

Has the U.S. Asset Management Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Mar 2026US$869.4bUS$248.4bUS$34.0b30x25.6x3.5x
Thu, 29 Jan 2026US$984.7bUS$202.1bUS$32.0b31.2x30.8x4.9x
Sat, 27 Dec 2025US$999.0bUS$199.8bUS$33.7b31.2x29.7x5x
Mon, 24 Nov 2025US$899.4bUS$199.5bUS$33.7b29x26.6x4.5x
Wed, 22 Oct 2025US$967.5bUS$199.2bUS$33.6b31.1x28.8x4.9x
Fri, 19 Sep 2025US$1.0tUS$176.8bUS$33.4b31.1x30.6x5.8x
Sun, 17 Aug 2025US$1.0tUS$177.5bUS$33.4b28.6x30x5.6x
Tue, 15 Jul 2025US$967.1bUS$170.3bUS$33.7b33.5x28.7x5.7x
Thu, 12 Jun 2025US$874.2bUS$170.4bUS$33.7b33.4x25.9x5.1x
Sat, 10 May 2025US$831.8bUS$176.7bUS$34.5b31.6x24.1x4.7x
Mon, 07 Apr 2025US$708.9bUS$174.4bUS$34.7b33.5x20.4x4.1x
Wed, 05 Mar 2025US$893.7bUS$174.4bUS$34.6b17.6x25.8x5.1x
Fri, 31 Jan 2025US$999.8bUS$173.5bUS$33.4b18.4x29.9x5.8x
Sun, 29 Dec 2024US$946.5bUS$168.6bUS$29.5b19.7x32.1x5.6x
Tue, 26 Nov 2024US$839.7bUS$168.7bUS$29.5b18.9x28.5x5x
Thu, 24 Oct 2024US$912.5bUS$162.8bUS$30.7b20.7x29.7x5.6x
Sat, 21 Sep 2024US$846.4bUS$158.6bUS$29.4b20.4x28.8x5.3x
Mon, 19 Aug 2024US$771.0bUS$159.5bUS$29.6b19.1x26x4.8x
Wed, 17 Jul 2024US$761.1bUS$156.7bUS$29.2b19.9x26.1x4.9x
Fri, 14 Jun 2024US$712.0bUS$156.2bUS$29.1b19.2x24.5x4.6x
Sun, 12 May 2024US$737.9bUS$156.0bUS$29.0b21x25.4x4.7x
Tue, 09 Apr 2024US$735.9bUS$144.6bUS$27.0b20x27.2x5.1x
Thu, 07 Mar 2024US$708.5bUS$144.6bUS$27.0b17.9x26.2x4.9x
Sat, 03 Feb 2024US$757.8bUS$143.3bUS$28.9b28.4x26.3x5.3x
Mon, 01 Jan 2024US$759.9bUS$143.2bUS$30.7b28.2x24.8x5.3x
Wed, 29 Nov 2023US$668.2bUS$143.2bUS$30.7b28x21.8x4.7x
Fri, 27 Oct 2023US$595.2bUS$140.2bUS$29.5b28.5x20.2x4.2x
Sun, 24 Sep 2023US$653.6bUS$138.7bUS$28.1b28.7x23.2x4.7x
Tue, 22 Aug 2023US$638.7bUS$138.1bUS$28.2b29.5x22.6x4.6x
Thu, 20 Jul 2023US$690.9bUS$128.4bUS$23.9b33.5x28.9x5.4x
Sat, 17 Jun 2023US$648.1bUS$128.1bUS$23.6b33.4x27.4x5.1x
Mon, 15 May 2023US$605.8bUS$129.7bUS$24.0b29.2x25.2x4.7x
Wed, 12 Apr 2023US$648.3bUS$133.3bUS$26.2b31.8x24.8x4.9x
Fri, 10 Mar 2023US$675.9bUS$133.7bUS$26.2b28.9x25.8x5.1x
Price to Earnings Ratio

25.8x


Total Market Cap: US$675.9bTotal Earnings: US$26.2bTotal Revenue: US$133.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Asset Management Industry Price to Earnings3Y Average 26.6x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Asset Management and Custody Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 26.6x.
  • The 3-year average PS ratio of 5.0x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Asset Management and Custody Banks industry have grown 9.0% per year over the last three years.
  • Revenues for these companies have grown 23% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Asset Management compare with similar industries?

US Market-0.57%
Financials-2.43%
Capital Markets-1.87%
Asset Management-3.75%
Financial Exchanges and Data5.32%
Diversified Capital Markets0.32%
Investment Banking and Brokerage-4.12%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BK Bank of New York MellonUS$119.473.4%
+US$2.5b		35.2%PE15.5x
AMP Ameriprise FinancialUS$475.334.7%
+US$2.0b		-10.6%PE12.2x
BX BlackstoneUS$115.331.4%
+US$1.3b		-27.3%PE29.9x
CG Carlyle GroupUS$52.415.8%
+US$1.2b		8.6%PE23.4x
STT State StreetUS$129.463.5%
+US$1.2b		33.5%PE13.3x

Latest News

BX
US$115.33
Blackstone
7D
1.4%
1Y
-27.3%
NTRS
US$145.23
Northern Trust
7D
3.5%
1Y
32.8%
BK
US$119.47
Bank of New York Mellon
7D
3.4%
1Y
35.2%
STT
US$129.46
State Street
7D
3.5%
1Y
33.5%
CG
US$52.41
Carlyle Group
7D
5.8%
1Y
8.6%
AMG
US$312.92
Affiliated Managers Group
7D
7.4%
1Y
87.0%
VCTR
US$69.00
Victory Capital Holdings
7D
-7.2%
1Y
10.7%
HTGC
US$14.60
Hercules Capital
7D
-3.2%
1Y
-29.0%

HTGC: Future P/E Repricing Will Support Returns Despite Margin Reset

Analysts have reduced their consolidated price target on Hercules Capital to about $20.31 per share, down from roughly $21.22. They cite updated assumptions that include slower revenue growth, lower profit margins and a higher future P/E multiple.
KKR
US$90.61
KKR
7D
-1.7%
1Y
-31.9%
BEN
US$27.00
Franklin Resources
7D
-0.3%
1Y
36.0%

BEN: Capital Returns And AI Initiatives Will Shape Future Earnings Resilience

Analysts have raised their price target for Franklin Resources from $24.73 to $27.36, citing updated assumptions for discount rates, profit margins, and a higher future P/E multiple as support for the change. Analyst Commentary Recent Street research on Franklin Resources reflects a mixed but generally constructive tone, with several firms adjusting price targets in both directions over a relatively short period.
AMP
US$475.33
Ameriprise Financial
7D
4.7%
1Y
-10.6%
INV
US$2.84
Innventure
7D
-13.9%
1Y
-65.2%

Data Center Liquid Cooling And Sustainable Packaging Will Drive Powerful Long Term Upside

Catalysts About Innventure Innventure builds and scales operating companies around high potential technologies across data center cooling, sustainable packaging and advanced recycling. What are the underlying business or industry changes driving this perspective?
TROW
US$94.92
T. Rowe Price Group
7D
2.0%
1Y
-8.6%

TROW: Slower Revenue And Margin Compression Will Pressure Future Earnings Multiple

The analyst price target for T. Rowe Price Group has been reduced by roughly $4 to reflect updated assumptions for slower revenue growth, a lower profit margin profile, a slightly adjusted discount rate, and a higher future P/E multiple in line with recent Street research cuts from several firms.
AFJK
US$32.31
Aimei Health Technology
7D
-12.0%
1Y
194.8%
VINP
US$12.04
Vinci Compass Investments
7D
-2.9%
1Y
22.9%