Alternative asset managers have become a focal point for investors seeking exposure to private markets, but the three names profiled here occupy different corners of that landscape. KKR is a diversified global investment giant, OWL is a credit-focused manager built around permanent capital, and STEP is a private-markets solutions and advisory specialist. This stock comparison is relevant for both institutional-minded investors evaluating relative performance and active traders monitoring momentum shifts across the asset-management sector, particularly as concerns over private credit and software-linked lending have reshaped sentiment in recent months.
KKR, formally KKR & Co. Inc., is one of the world's largest alternative asset managers, with roughly $796 billion in total AUM across private equity, credit, real assets, infrastructure, and insurance. In recent weeks the stock has consolidated well below its 52-week high, reflecting the broad de-rating of alternative managers even as operating results strengthened. The firm's latest quarterly figures showed AUM rising double digits year over year, fee-related earnings (FRE) climbing sharply, and a healthy pipeline of new capital raised. Sentiment has been shaped by two competing forces: robust monetization activity, including a major portfolio sale in insurance brokerage, and investor caution about private-credit exposure and higher-rate environments. Recent strategic moves, such as partnerships aimed at AI data-center infrastructure, highlight the firm's emphasis on secular growth themes.
OWL, Blue Owl Capital Inc., is an alternative asset manager focused on credit, real assets, and GP Strategic Capital (investments in general partners of private funds), with about $319 billion in AUM. Its stock has been the most pressured of the three, falling sharply from its high after the firm limited withdrawals from two non-traded funds amid historically elevated redemption requests, particularly in a technology-focused vehicle. Investor anxiety around software-sector lending and potential AI disruption has weighed heavily on the shares, pushing the dividend yield to unusually high levels. Even so, the firm has continued to grow fee-earning AUM, and recent earnings showed FRE advancing year over year, with management describing private-credit fears as overstated. The tension between solid operating metrics and acute liquidity concerns defines OWL's recent market positioning.
STEP, StepStone Group Inc., is a global private-markets investment firm that provides customized fund-of-funds solutions, separately managed accounts, and advisory and data services, overseeing roughly $885 billion of total capital including about $233 billion in AUM. In recent quarters the company reported record fee-related earnings and record capital formation, with private wealth subscriptions reaching all-time highs. The stock has declined from its highs but has held up relatively better than credit-heavy peers, a reflection of its lower direct-lending exposure and its recurring, fee-oriented revenue model. Growth in separately managed accounts, secondaries (buying existing fund interests), and data initiatives has supported sentiment. The firm's trajectory illustrates how a diversified, advisory-led business can diverge from peers more exposed to private-credit stress.
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The three companies differ fundamentally in business model and risk profile. KKR offers the broadest diversification and scale, with insurance and infrastructure providing ballast against cyclical private-equity exits; its valuation sensitivity centers on carried interest (performance fees) realization and private-credit quality. OWL is the most concentrated in direct lending and permanent capital, giving it a high, visible dividend yield but also the greatest exposure to redemption dynamics and software-credit sentiment, making it the most momentum-sensitive of the group. STEP is the smallest and most fee-oriented, with lower performance-fee dependence and a rapidly growing but earlier-stage private wealth and data franchise; its risk lies in execution and the pace at which undeployed capital converts to fee-earning AUM. On relative performance, STEP has shown comparatively stronger resilience, KKR has tracked the broad sector decline while posting record earnings, and OWL has underperformed most sharply on liquidity concerns.
Based on observable factors such as trend consistency, stability, and relative positioning, Tickeron's AI would likely express the greatest relative confidence in STEP, given its more durable fee-driven revenue mix, record fundraising, and comparatively milder drawdown. KKR would rank as a close contender on diversification and earnings momentum, though its size and credit exposure temper the signal. OWL, while potentially offering the highest yield, currently presents the most uncertain trend profile because of ongoing redemption and credit-quality questions. These conclusions reflect probabilistic, model-driven assessments rather than definitive predictions, and should be weighed alongside each investor's own research and time horizon.
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
KKR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 34 of 39 cases where KKR's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 87%.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where KKR's RSI Indicator exited the oversold zone, 18 of 26 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 69%.
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 43 of 61 cases where KKR's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 70%.
The Momentum Indicator moved above the 0 level on October 21, 2026. You may want to consider a long position or call options on KKR as a result. In 58 of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 65%.
The Moving Average Convergence Divergence (MACD) for KKR just turned positive on October 20, 2026. Looking at past instances where KKR's MACD turned positive, the stock continued to rise in 32 of 43 cases over the following month. The odds of a continued upward trend are 74%.
Following a +3.30% 3-day Advance, the price is estimated to grow further. Considering data from situations where KKR advanced for three days, in 235 of 329 cases, the price rose further within the following month. The odds of a continued upward trend are 71%.
The 10-day moving average for KKR crossed bearishly below the 50-day moving average on September 16, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 8 of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 67%.
The 50-day moving average for KKR moved below the 200-day moving average on October 16, 2026. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where KKR declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 68%.
The Aroon Indicator for KKR entered a downward trend on October 21, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron SMR rating for this company is 67 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 72 (best 1 - 100 worst), indicating slightly worse than average price growth. KKR’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 76 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. KKR’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock better than average.
The Tickeron Valuation Rating of 83 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.830) is normal, around the industry mean (2.389). P/E Ratio (26.827) is within average values for comparable stocks, (-4.339). Projected Growth (PEG Ratio) (0.398) is also within normal values, averaging (1.319). Dividend Yield (0.009) settles around the average of (0.272) among similar stocks. P/S Ratio (4.382) is also within normal values, averaging (15.798).
The Tickeron Seasonality Score of 85 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is 90 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The 50-day moving average for OWL moved above the 200-day moving average on September 23, 2026. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where OWL's RSI Oscillator exited the oversold zone, 24 of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 80%.
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 41 of 58 cases where OWL's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 71%.
The Momentum Indicator moved above the 0 level on October 20, 2026. You may want to consider a long position or call options on OWL as a result. In 58 of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 73%.
The Moving Average Convergence Divergence (MACD) for OWL just turned positive on October 08, 2026. Looking at past instances where OWL's MACD turned positive, the stock continued to rise in 32 of 45 cases over the following month. The odds of a continued upward trend are 71%.
Following a +3.96% 3-day Advance, the price is estimated to grow further. Considering data from situations where OWL advanced for three days, in 224 of 298 cases, the price rose further within the following month. The odds of a continued upward trend are 75%.
OWL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The 10-day moving average for OWL crossed bearishly below the 50-day moving average on September 18, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 69%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where OWL declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 71%.
The Aroon Indicator for OWL entered a downward trend on October 21, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Price Growth Rating for this company is 60 (best 1 - 100 worst), indicating fairly steady price growth. OWL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 85 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.141) is normal, around the industry mean (2.389). P/E Ratio (76.417) is within average values for comparable stocks, (-4.339). Projected Growth (PEG Ratio) (0.146) is also within normal values, averaging (1.319). Dividend Yield (0.100) settles around the average of (0.272) among similar stocks. P/S Ratio (2.303) is also within normal values, averaging (15.798).
The Tickeron SMR rating for this company is 86 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 88 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. OWL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock worse than average.
STEP moved below its 50-day moving average on September 22, 2026 date and that indicates a change from an upward trend to a downward trend. In 27 of 34 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 79%.
The Momentum Indicator moved below the 0 level on October 13, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on STEP as a result. In 76 of 100 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 76%.
The 10-day moving average for STEP crossed bearishly below the 50-day moving average on September 25, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 10 of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 67%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where STEP declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 73%.
The Aroon Indicator for STEP entered a downward trend on October 21, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where STEP's RSI Oscillator exited the oversold zone, 20 of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 69%.
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 34 of 54 cases where STEP's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 63%.
Following a +3.17% 3-day Advance, the price is estimated to grow further. Considering data from situations where STEP advanced for three days, in 239 of 317 cases, the price rose further within the following month. The odds of a continued upward trend are 75%.
STEP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron Seasonality Score of 28 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is 40 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 61 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: STEP's P/B Ratio (-6.474) is slightly lower than the industry average of (2.389). P/E Ratio (-5.509) is within average values for comparable stocks, (-4.339). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.319). Dividend Yield (0.031) settles around the average of (0.272) among similar stocks. P/S Ratio (1.926) is also within normal values, averaging (15.798).
The Tickeron Price Growth Rating for this company is 61 (best 1 - 100 worst), indicating fairly steady price growth. STEP’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 92 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. STEP’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock worse than average.
The Tickeron SMR rating for this company is 100 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
KKR | OWL | STEP | ||
|---|---|---|---|---|
OUTLOOK RATING 1..100 | 5 | 17 | 78 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 83 Overvalued | 85 Overvalued | 61 Fair valued | |
PROFIT vs RISK RATING 1..100 | 76 | 100 | 92 | |
SMR RATING 1..100 | 67 | 86 | 100 | |
PRICE GROWTH RATING 1..100 | 72 | 60 | 61 | |
P/E GROWTH RATING 1..100 | 90 | 88 | 40 | |
SEASONALITY SCORE 1..100 | 85 | n/a | 28 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
STEP's Valuation (61) in the null industry is in the same range as KKR (83) in the Investment Managers industry, and is in the same range as OWL (85) in the null industry. This means that STEP's stock grew similarly to KKR’s and similarly to OWL’s over the last 12 months.
KKR's Profit vs Risk Rating (76) in the Investment Managers industry is in the same range as STEP (92) in the null industry, and is in the same range as OWL (100) in the null industry. This means that KKR's stock grew similarly to STEP’s and similarly to OWL’s over the last 12 months.
KKR's SMR Rating (67) in the Investment Managers industry is in the same range as OWL (86) in the null industry, and is somewhat better than the same rating for STEP (100) in the null industry. This means that KKR's stock grew similarly to OWL’s and somewhat faster than STEP’s over the last 12 months.
OWL's Price Growth Rating (60) in the null industry is in the same range as STEP (61) in the null industry, and is in the same range as KKR (72) in the Investment Managers industry. This means that OWL's stock grew similarly to STEP’s and similarly to KKR’s over the last 12 months.
STEP's P/E Growth Rating (40) in the null industry is somewhat better than the same rating for OWL (88) in the null industry, and is somewhat better than the same rating for KKR (90) in the Investment Managers industry. This means that STEP's stock grew somewhat faster than OWL’s and somewhat faster than KKR’s over the last 12 months.
| KKR | OWL | STEP | |
|---|---|---|---|
| RSI ODDS (%) | 2 days ago 69% | 2 days ago 80% | 2 days ago 69% |
| Stochastic ODDS (%) | 2 days ago 70% | 2 days ago 71% | 2 days ago 63% |
| Momentum ODDS (%) | 2 days ago 65% | 2 days ago 73% | 2 days ago 76% |
| MACD ODDS (%) | 2 days ago 74% | 2 days ago 71% | N/A |
| TrendWeek ODDS (%) | 2 days ago 72% | 2 days ago 72% | 2 days ago 76% |
| TrendMonth ODDS (%) | 2 days ago 73% | 2 days ago 75% | 2 days ago 75% |
| Advances ODDS (%) | 2 days ago 71% | 3 days ago 75% | 3 days ago 75% |
| Declines ODDS (%) | 9 days ago 68% | 9 days ago 71% | 9 days ago 73% |
| BollingerBands ODDS (%) | 2 days ago 87% | 2 days ago 72% | 2 days ago 76% |
| Aroon ODDS (%) | 2 days ago 75% | 2 days ago 78% | 2 days ago 77% |
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
KKR’s FA Score shows that 0 FA rating(s) are green while OWL’s FA Score has 0 green FA rating(s), and STEP’s FA Score reflects 0 green FA rating(s).
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
KKR’s TA Score shows that 6 TA indicator(s) are bullish while OWL’s TA Score has 7 bullish TA indicator(s), and STEP’s TA Score reflects 4 bullish TA indicator(s).
KKR (@Investment Managers) experienced а +4.99% price change this week, while OWL (@Investment Managers) price change was +4.32% , and STEP (@Investment Managers) price fluctuated +2.64% for the same time period.
The average weekly price growth across all stocks in the @Investment Managers industry was -1.59%. For the same industry, the average monthly price growth was -5.52%, and the average quarterly price growth was -1.19%.
KKR is expected to report earnings on Nov 09, 2026.
OWL is expected to report earnings on Oct 29, 2026.
STEP is expected to report earnings on Nov 05, 2026.
Investment Managers manage financial assets and other investments of clients. Management includes designing a short- or long-term strategy for buying/holding and selling of portfolio holdings. It can also include tax services and other aspects of financial planning as well. While it is perceived that the industry is faced with growing competition from robo-advisors/digital platforms and passive/ index-tracking funds, many investors still find value in actively managed in-person services that investment management companies often emphasize on. At the same time, many wealth managers are also incorporating digital initiatives/low cost options in addition to their in-person customized services. Their main sources of revenues are fees as a percentage of assets under management, in addition to a certain portion of clients’ gains from asset appreciation. BlackRock, Inc., Blackstone Group Inc and Brookfield Asset Management are some of the major investment management companies.
A.I.dvisor indicates that over the last year, KKR has been closely correlated with BX. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if KKR jumps, then BX could also see price increases.
A.I.dvisor indicates that over the last year, OWL has been closely correlated with ARES. These tickers have moved in lockstep 78% of the time. This A.I.-generated data suggests there is a high statistical probability that if OWL jumps, then ARES could also see price increases.
A.I.dvisor indicates that over the last year, STEP has been closely correlated with KKR. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if STEP jumps, then KKR could also see price increases.
| Ticker / NAME | Correlation To STEP | 1D Price Change % | ||
|---|---|---|---|---|
| STEP | 100% | -1.26% | ||
| KKR - STEP | 75% Closely correlated | +0.74% | ||
| HLNE - STEP | 74% Closely correlated | -1.48% | ||
| ARES - STEP | 72% Closely correlated | +0.62% | ||
| TPG - STEP | 70% Closely correlated | -0.68% | ||
| CG - STEP | 69% Closely correlated | -0.11% | ||
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