10 Cheap Asset Management Stocks to Buy Now

1. Equitable Holdings Inc. (NYSE:EQH)

Forward P/E: 7.3

Upside Potential: 21%

Number of Hedge Fund Holders: 47

Equitable Holdings Inc. (NYSE:EQH) leads the list of asset management companies. As a financial services firm, it operates retirement, asset management, and affiliated distribution businesses. The company functions through its franchises, including Equitable and AllianceBernstein, which offer asset management and financial advisory services. Collectively, these franchises manage over $1.0 trillion in assets under management and administration.

The consensus outlook for Equitable Holdings Inc. (NYSE:EQH) remains largely positive, with multiple analysts raising their earnings estimates and price targets following the company’s strong Q4 2024 results announced in early February. On March 11, a Morgan Stanley analyst raised the price target for Equitable Holdings Inc. (NYSE:EQH) from $66 to $68, maintaining an Overweight rating. The analyst’s positive stance was supported by the fact that the company is strategically shifting from a reliance on capital-intensive annuities to a focus on capital-light asset and wealth management, a move anticipated to enhance earnings potential and elevate its valuation.

Earlier, on February 28, analysts from Keefe Bruyette also raised their price target for the stock to $66 from $62, reiterating an Outperform rating.

While we acknowledge the potential of EQH to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EQH but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.