AGF EMPLOYEE BENEFIT PLAN TRUST buys 19,600 shares of AGF Management Limited (TSE:AGF.B)



AGF Management Limited (IS: AGF.BGet a rating) insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 19,600 shares of the company in a transaction on Friday, July 15. The shares were purchased at an average cost of C$6.17 per share, for a total value of C$120,912.40. Following the completion of the acquisition, the insider now owns 978,281 shares of the company, valued at C$6,035,015.49.

AGF BENEFITS PLAN TRUST has also recently completed the following transaction(s):

  • On Monday, July 18, AGF BENEFIT PLAN TRUST purchased 19,900 shares of AGF Management. The shares were acquired at an average cost of CA$6.28 per share, with a total value of CA$124,932.20.
  • On Wednesday, July 13, AGF BENEFIT PLAN TRUST purchased 82,900 shares of AGF Management. The shares were acquired at an average cost of CA$6.23 per share, with a total value of CA$516,467.00.
  • On Monday, July 11, AGF BENEFITS PLAN TRUST purchased 13,300 shares of AGF Management. The shares were acquired at an average cost of CA$6.22 per share, with a total value of CA$82,726.00.
  • On Thursday, July 7, AGF BENEFIT PLAN TRUST purchased 7,900 shares of AGF Management. The shares were acquired at an average cost of CA$6.32 per share, with a total value of CA$49,896.40.

AGF Management share up 1.1%

Shares of AGF.B opened at C$6.32 on Wednesday. AGF Management Limited has a 52 week low of C$5.96 and a 52 week high of C$8.52. The company has a market capitalization of C$431.90 million and a PE ratio of 8.78. The company has a fifty-day moving average of C$6.51 and a 200-day moving average of C$7.12. The company has a quick ratio of 2.00, a current ratio of 2.00 and a leverage ratio of 8.16.

Wall Street analysts predict growth

A number of brokerages have recently released reports on AGF.B. Scotiabank lowered its price target on AGF Management from C$8.50 to C$7.75 in a Tuesday, June 14 research report. Royal Bank of Canada downgraded AGF’s management rating from “sector performance” to “underperforming” and lowered its price target for the stock from C$8.50 to 8. CA$.00 in a Monday, April 25 research report. One financial analyst gave the stock a sell rating, two gave the company a hold rating and one gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$8.15.

About AGF Management

(Get a rating)

AGF Management Limited is a public asset management holding company. Through its subsidiaries, the company provides its services to public and corporate DB pension plans, endowments and foundations, sovereign wealth funds, corporate plans, insurance companies and mandates of sub-advisors. Through its subsidiaries, it manages client-focused equity, fixed-income and balanced mutual funds as well as client-focused equity, fixed-income and balanced portfolios.

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