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U.S. Asset Management Industry Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies273
  • 7D3.2%
  • 3M-10.0%
  • 1Y-11.1%
  • YTDn/a

Over the last 7 days, the Asset Management industry has risen 3.2%, driven by gains in KKR and Blackstone of 5.8% and 5.1%, respectively. In contrast, the industry has lost 11% in the last 12 months. Earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 27 Nov 2025US$899.4bUS$199.5bUS$33.7b29x26.6x4.5x
Sat, 25 Oct 2025US$948.0bUS$198.7bUS$33.1b30.4x28.6x4.8x
Mon, 22 Sep 2025US$1.0tUS$176.8bUS$33.4b31.1x31.2x5.9x
Wed, 20 Aug 2025US$998.0bUS$177.5bUS$33.3b28.6x29.9x5.6x
Fri, 18 Jul 2025US$973.4bUS$171.6bUS$34.0b33.7x28.6x5.7x
Sun, 15 Jun 2025US$856.3bUS$170.4bUS$33.7b33.1x25.4x5x
Tue, 13 May 2025US$830.9bUS$170.6bUS$33.6b33.6x24.7x4.9x
Thu, 10 Apr 2025US$701.1bUS$174.3bUS$34.7b33x20.2x4x
Sat, 08 Mar 2025US$838.0bUS$174.4bUS$34.6b17.4x24.2x4.8x
Mon, 03 Feb 2025US$995.7bUS$173.9bUS$33.4b18.2x29.8x5.7x
Wed, 01 Jan 2025US$936.3bUS$168.6bUS$29.5b19.5x31.7x5.6x
Fri, 29 Nov 2024US$987.0bUS$168.6bUS$29.5b19.5x33.4x5.9x
Sun, 27 Oct 2024US$905.1bUS$164.7bUS$29.7b20.8x30.5x5.5x
Tue, 24 Sep 2024US$842.3bUS$158.6bUS$29.4b20.4x28.6x5.3x
Thu, 22 Aug 2024US$765.9bUS$159.5bUS$29.6b19.1x25.9x4.8x
Sat, 20 Jul 2024US$767.7bUS$157.6bUS$29.5b19.4x26x4.9x
Mon, 17 Jun 2024US$705.6bUS$156.2bUS$29.1b19.1x24.3x4.5x
Wed, 15 May 2024US$731.2bUS$155.9bUS$29.1b21.6x25.1x4.7x
Fri, 12 Apr 2024US$727.5bUS$144.6bUS$27.0b19.6x26.9x5x
Sun, 10 Mar 2024US$713.1bUS$144.6bUS$27.0b18.2x26.4x4.9x
Tue, 06 Feb 2024US$679.8bUS$139.6bUS$25.9b18.3x26.2x4.9x
Thu, 04 Jan 2024US$739.4bUS$143.2bUS$30.7b28.2x24.1x5.2x
Sat, 02 Dec 2023US$690.8bUS$143.2bUS$30.7b27.8x22.5x4.8x
Mon, 30 Oct 2023US$583.8bUS$140.4bUS$29.3b28.3x19.9x4.2x
Wed, 27 Sep 2023US$642.2bUS$138.1bUS$28.1b28.7x22.8x4.7x
Fri, 25 Aug 2023US$636.9bUS$138.1bUS$28.2b28.8x22.6x4.6x
Sun, 23 Jul 2023US$685.8bUS$130.8bUS$24.6b33.1x27.9x5.2x
Tue, 20 Jun 2023US$647.1bUS$128.1bUS$23.6b33.4x27.5x5.1x
Thu, 18 May 2023US$610.2bUS$129.4bUS$23.9b31x25.5x4.7x
Sat, 15 Apr 2023US$657.1bUS$132.8bUS$25.9b32x25.3x4.9x
Mon, 13 Mar 2023US$646.1bUS$133.7bUS$26.2b29.3x24.7x4.8x
Wed, 08 Feb 2023US$734.2bUS$137.0bUS$27.6b29.2x26.6x5.4x
Fri, 06 Jan 2023US$659.9bUS$144.9bUS$35.3b28.8x18.7x4.6x
Sun, 04 Dec 2022US$685.5bUS$144.8bUS$35.3b28.7x19.4x4.7x
Price to Earnings Ratio

19.4x


Total Market Cap: US$685.5bTotal Earnings: US$35.3bTotal Revenue: US$144.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Asset Management Industry Price to Earnings3Y Average 26x202320242025
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 26.0x.
  • The 3-year average PS ratio of 5.0x is higher than the industry's current PS ratio of 4.5x.
Past Earnings Growth
  • The earnings for companies in the Asset Management and Custody Banks industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 11% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Comparison

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

US Market2.41%
Financials2.55%
Capital Markets2.01%
Asset Management3.23%
Investment Banking and Brokerage1.76%
Financial Exchanges and Data0.73%
Diversified Capital Markets-0.25%
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
BX BlackstoneUS$144.924.5%
+US$4.9b		-23.3%PE41.9x
BLK BlackRockUS$1.04k2.5%
+US$3.9b		2.0%PE26.5x
KKR KKRUS$120.832.8%
+US$3.0b		-24.5%PE47.4x
BK Bank of New York MellonUS$111.393.6%
+US$2.7b		36.3%PE15.5x
ARES Ares ManagementUS$154.556.5%
+US$2.1b		-11.6%PE66.5x

Latest News

BX
US$144.92
Blackstone
7D
4.5%
1Y
-23.3%
BLK
US$1,040.06
BlackRock
7D
2.5%
1Y
2.0%
STT
US$117.66
State Street
7D
3.2%
1Y
19.1%
ARES
US$154.55
Ares Management
7D
6.5%
1Y
-11.6%
BK
US$111.39
Bank of New York Mellon
7D
3.6%
1Y
36.3%

BK: Digital Asset Expansion And Share Buybacks Will Sustain A Balanced Outlook

Narrative Update on Bank of New York Mellon Analysts have maintained their fair value estimate for Bank of New York Mellon at $118.10. They cite stable revenue growth expectations and only minor adjustments to discount rate and profit margin assumptions.
NTRS
US$131.37
Northern Trust
7D
4.3%
1Y
18.8%

NTRS: Shares Will Remain Balanced Amid 7% Prime Rate And Mixed Earnings Outlook

Northern Trust’s average analyst price target has shifted higher, supported by analysts who cite an improved net interest income outlook and solid wealth management growth as key factors for the upward adjustment. Analyst Commentary Recent Street research on Northern Trust reflects a range of perspectives, with some analysts highlighting the bank’s improving financial outlook and growth initiatives, while others remain cautious due to ongoing industry challenges and execution risks.
KKR
US$120.83
KKR
7D
2.8%
1Y
-24.5%

KKR: Fundraising Momentum And Capital Markets Recovery Will Drive Returns Ahead

KKR's analyst price target saw a modest revision, decreasing by $0.03 to $157.14. Analysts cited a mix of strong fundraising, resilient earnings, and ongoing industry headwinds as key factors for their outlook adjustment.
TROW
US$102.09
T. Rowe Price Group
7D
4.8%
1Y
-17.8%
RDAC
US$10.19
Rising Dragon Acquisition
7D
-25.6%
1Y
n/a
PEO
US$21.28
Adams Natural Resources Fund
7D
-2.4%
1Y
-9.8%

Adams Natural Resources Fund (NYSE:PEO) Will Pay A Smaller Dividend Than Last Year

Nov 17
Adams Natural Resources Fund (NYSE:PEO) Will Pay A Smaller Dividend Than Last Year
ADX
US$22.60
Adams Diversified Equity Fund
7D
-3.6%
1Y
10.9%
DHIL
US$118.40
Diamond Hill Investment Group
7D
-6.6%
1Y
-28.8%
TBMC
US$11.73
Trailblazer Merger Corporation I
7D
-0.6%
1Y
5.5%
NOAH
US$10.37
Noah Holdings
7D
-3.5%
1Y
-19.0%
HLNE
US$122.41
Hamilton Lane
7D
-2.3%
1Y
-36.3%
CCCX
US$13.83
Churchill Capital Corp X
7D
-4.7%
1Y
n/a

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