AGF Management Limited (TSE:AGF.B) Insider AGF EMPLOYEE BENEFIT PLAN TRUST Purchases 23,277 Shares

AGF Management Limited (TSE:AGF.B) insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 23,277 shares of the company’s stock in a transaction dated Friday, June 13th. The stock was acquired at an average cost of C$12.24 per share, with a total value of C$284,910.48.

AGF EMPLOYEE BENEFIT PLAN TRUST also recently made the following trade(s):

• On Thursday, June 12th, AGF EMPLOYEE BENEFIT PLAN TRUST bought 21,600 shares of AGF Management stock. The shares were acquired at an average price of C$12.22 per share, with a total value of C$263,952.00.
• On Monday, June 9th, AGF EMPLOYEE BENEFIT PLAN TRUST purchased 42,700 shares of AGF Management stock. The stock was purchased at an average price of C$12.09 per share, with a total value of C$516,243.00.
• On Wednesday, April 9th, AGF EMPLOYEE BENEFIT PLAN TRUST sold 24,552 shares of AGF Management stock. The shares were sold at an average price of C$9.80, for a total value of C$240,609.60.

AGF Management Trading Down 3.8%

AGF Management stock opened at C$11.99 on Friday. The business has a 50 day moving average price of C$10.78 and a two-hundred day moving average price of C$10.72. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The stock has a market cap of C$765.68 million, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. AGF Management Limited has a 12 month low of C$7.37 and a 12 month high of C$12.46.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AGF.B. Desjardins reduced their price objective on AGF Management from C$13.50 to C$12.25 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Jefferies Financial Group reduced their price objective on AGF Management from C$12.00 to C$11.00 in a research report on Monday, April 21st. TD Securities reduced their price objective on AGF Management from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Finally, Scotiabank reduced their price objective on AGF Management from C$12.00 to C$11.50 and set a “sector perform” rating for the company in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$12.46.

About AGF Management

AGF Management is a Canadian-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of May 2022, the firm had CAD 40.3 billion in total assets under management. AGF Management’s funds are weighted more heavily toward equities, with just over two thirds of retail AUM being equity related.