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Best Asset Management Stocks to Buy Now (2023)

Top asset management stocks in 2023 ranked by overall Zen Score. See the best asset management stocks to buy now, according to analyst forecasts for the asset management industry.

According to Zen Score, the 3 best asset management stocks to buy right now are:

Assetmark Financial Holdings (NYSE:AMK) is the top asset management stock with a Zen Score of 65, which is 36 points higher than the asset management industry average of 29. It passed 22 out of 33 due diligence checks and has strong fundamentals. Assetmark Financial Holdings has seen its stock return 12.9% over the past year, overperforming other asset management stocks by 21 percentage points.

Assetmark Financial Holdings has an average 1 year price target of $32.00, an upside of 19.09% from Assetmark Financial Holdings's current stock price of $26.87.

Assetmark Financial Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Assetmark Financial Holdings, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Hywin Holdings (NASDAQ:HYW) is the second best asset management stock with a Zen Score of 60, which is 31 points higher than the asset management industry average of 29. It passed 19 out of 33 due diligence checks and has strong fundamentals. Hywin Holdings has seen its stock return 6.46% over the past year, overperforming other asset management stocks by 14 percentage points.

U S Global Investors (NASDAQ:GROW) is the third best asset management stock with a Zen Score of 58, which is 29 points higher than the asset management industry average of 29. It passed 21 out of 38 due diligence checks and has strong fundamentals. U S Global Investors has seen its stock lose -41.86% over the past year, underperforming other asset management stocks by -34 percentage points.

Out of 73 asset management stocks that have issued dividends in the past year, the 3 asset management stocks with the highest dividend yields are:

Great Elm Capital (NASDAQ:GECC) has an annual dividend yield of 20.61%, which is 14 percentage points higher than the asset management industry average of 6.57%. Great Elm Capital's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Great Elm Capital's dividend has shown consistent growth over the last 10 years.

Great Elm Capital's dividend payout ratio of -28.6% indicates that its high dividend yield might not be sustainable for the long-term.

Investcorp Credit Management Bdc (NASDAQ:ICMB) has an annual dividend yield of 15.26%, which is 9 percentage points higher than the asset management industry average of 6.57%. Investcorp Credit Management Bdc's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Investcorp Credit Management Bdc's dividend has not shown consistent growth over the last 10 years.

Investcorp Credit Management Bdc's dividend payout ratio of 857.1% indicates that its high dividend yield might not be sustainable for the long-term.

Newtek Business Services (NASDAQ:NEWT) has an annual dividend yield of 14.75%, which is 8 percentage points higher than the asset management industry average of 6.57%. Newtek Business Services's dividend payout is not stable, having dropped more than 10% seven times in the last 10 years. Newtek Business Services's dividend has shown consistent growth over the last 10 years.

Newtek Business Services's dividend payout ratio of 141% indicates that its high dividend yield might not be sustainable for the long-term.

Asset management stocks were down -2.1% in the last day, and up 2.07% over the last week. Virtus Investment Partners was the among the top losers in the asset management industry, dropping -11.47% yesterday.

Virtus Investment shares are trading lower after Piper Sandler downgraded the stock from Overweight to Neutral.

Based on WallStreetZen's Valuation Score, the 3 most undervalued asset management stocks right now are:

Fidus Investment (NASDAQ:FDUS) is the most undervalued asset management stock based on WallStreetZen's Valuation Score. Fidus Investment has a valuation score of 100, which is 60 points higher than the asset management industry average of 40. It passed 7 out of 7 valuation due diligence checks.

Fidus Investment's stock has gained 12.56% in the past year. It has overperformed other stocks in the asset management industry by 21 percentage points.

Hywin Holdings (NASDAQ:HYW) is the second most undervalued asset management stock based on WallStreetZen's Valuation Score. Hywin Holdings has a valuation score of 100, which is 60 points higher than the asset management industry average of 40. It passed 7 out of 7 valuation due diligence checks.

Hywin Holdings's stock has gained 6.46% in the past year. It has overperformed other stocks in the asset management industry by 14 percentage points.

U S Global Investors (NASDAQ:GROW) is the third most undervalued asset management stock based on WallStreetZen's Valuation Score. U S Global Investors has a valuation score of 100, which is 60 points higher than the asset management industry average of 40. It passed 7 out of 7 valuation due diligence checks.

U S Global Investors's stock has dropped -41.86% in the past year. It has underperformed other stocks in the asset management industry by -34 percentage points.