With the US equity markets up just 2.3% in the third quarter, the 2.2% average stock gain recorded by the traditional US asset managers kept year-to-date average total returns for the group above the market's return (as represented by the S&P 500 TR index) at the end of September.
With $676.9 billion in money market assets at the end of June 2026, Federated is one of the largest domestic money market managers, despite holding less than 10% of the market.
With 61% of money market AUM in government agency and Treasury funds, Federated has had to waive fees on a large part of its business during periods of extremely low interest rates.
|
Metric
|
FHI
|
IVZ
|
BEN
|
|---|---|---|---|
Price/Earnings (Normalized) | 10.72 | 11.47 | 11.25 |
Price/Book Value | 3.45 | 1.28 | 1.36 |
Price/Sales | 2.18 | 1.90 | 1.75 |
Price/Cash Flow | 11.73 | 7.12 | 17.76 |
|
Metric
|
FHI
|
IVZ
|
BEN
|
|---|---|---|---|
Quick Ratio | 2.37 | 6.82 | 2.84 |
Current Ratio | 2.59 | 6.82 | 2.84 |
Interest Coverage | 44.57 | −2.05 | 18.11 |
|
Metric
|
FHI
|
IVZ
|
BEN
|
|---|---|---|---|
Return on Assets (Normalized) | 15.92% | 4.12% | 4.49% |
Return on Equity (Normalized) | 29.50% | 11.11% | 12.50% |
Return on Invested Capital (Normalized) | 20.66% | 5.80% | 5.01% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| BlackRock Inc
BLK
| LOCK|L>^q%ncV | LOCK|yg | $176B | |||
| Blackstone Inc
BX
| LOCK|t&$f?wn | LOCK|@b | $95B | |||
| KKR & Co Inc Ordinary Shares
KKR
| LOCK|@J$B@j | LOCK|@@^W | $84B | |||
| Brookfield Asset Management Ltd Ordinary Shares - Class A
BAM
| LOCK|fC%CnZ | LOCK|GxNxZ | $76B | |||
| Apollo Global Management Inc
APO
| LOCK|ztFYRtM | LOCK|&nZ@< | $68B | |||
| State Street Corp
STT
| LOCK|KFHtr! | LOCK|#B | $46B | |||
| Ameriprise Financial Inc
AMP
| LOCK|>W<^Hg> | LOCK|h$HHJ | $44B | |||
| Raymond James Financial Inc
RJF
| LOCK|$$N>#!& | LOCK|&>Q> | $31B | |||
| Northern Trust Corp
NTRS
| LOCK|f$T?r#Y | LOCK|PhD | $30B | |||
| Ares Management Corp Ordinary Shares - Class A
ARES
| LOCK|$v^!G%s | LOCK|CTkkQ | $28B |
United States