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) | 10.41 | 11.66 | 11.36 |
Price/Book Value | 3.35 | 1.30 | 1.38 |
Price/Sales | 2.12 | 1.93 | 1.76 |
Price/Cash Flow | 11.40 | 7.24 | 17.92 |
|
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|dv!#NLq> | LOCK|kf | $168B | |||
| Blackstone Inc
BX
| LOCK|&mz^?Zz | LOCK|fS# | $92B | |||
| KKR & Co Inc Ordinary Shares
KKR
| LOCK|<M?Z&^ | LOCK|N>JF | $82B | |||
| Brookfield Asset Management Ltd Ordinary Shares - Class A
BAM
| LOCK|&XJ>h>f | LOCK|YT^PX | $74B | |||
| Apollo Global Management Inc
APO
| LOCK|W?wFZV@ | LOCK|!yJJv | $70B | |||
| State Street Corp
STT
| LOCK|!!RjcL | LOCK|^QV | $48B | |||
| Ameriprise Financial Inc
AMP
| LOCK|Y<?C#q? | LOCK|p#@D | $44B | |||
| Northern Trust Corp
NTRS
| LOCK|xqfGG#t | LOCK|X& | $31B | |||
| Raymond James Financial Inc
RJF
| LOCK|f^XNN? | LOCK|rl!Ct | $31B | |||
| Ares Management Corp Ordinary Shares - Class A
ARES
| LOCK|Rj<W@N | LOCK|&??KS | $27B |
United States