AGF EMPLOYEE BENEFIT PLAN TRUST Purchases 50,000 Shares of AGF Management Limited (TSE:AGF.B) Stock

AGF Management Limited (TSE:AGF.B) insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 50,000 shares of the stock in a transaction on Monday, March 25th. The shares were acquired at an average price of C$8.08 per share, for a total transaction of C$404,000.00.

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

• On Friday, March 1st, AGF EMPLOYEE BENEFIT PLAN TRUST acquired 150,000 shares of AGF Management stock. The shares were acquired at an average price of C$8.17 per share, for a total transaction of C$1,225,500.00.
• On Tuesday, February 20th, AGF EMPLOYEE BENEFIT PLAN TRUST acquired 20,000 shares of AGF Management stock. The shares were acquired at an average price of C$7.51 per share, for a total transaction of C$150,200.00.
• On Friday, February 16th, AGF EMPLOYEE BENEFIT PLAN TRUST acquired 65,000 shares of AGF Management stock. The shares were acquired at an average price of C$7.62 per share, for a total transaction of C$495,300.00.
• On Friday, January 26th, AGF EMPLOYEE BENEFIT PLAN TRUST acquired 15,000 shares of AGF Management stock. The shares were acquired at an average price of C$7.68 per share, for a total transaction of C$115,200.00.

AGF Management Price Performance

AGF.B opened at C$8.13 on Thursday. The firm has a market cap of C$519.34 million, a P/E ratio of 6.25, a PEG ratio of 1.18 and a beta of 1.79. The firm has a 50-day moving average of C$7.90 and a 200 day moving average of C$7.48. The company has a debt-to-equity ratio of 8.26, a quick ratio of 1.75 and a current ratio of 1.39. AGF Management Limited has a fifty-two week low of C$6.30 and a fifty-two week high of C$8.36.

Analyst Ratings Changes

Several analysts have recently commented on AGF.B shares. Royal Bank of Canada increased their target price on shares of AGF Management from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a report on Thursday, January 25th. TD Securities increased their target price on shares of AGF Management from C$9.50 to C$10.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. Scotiabank increased their target price on shares of AGF Management from C$9.25 to C$9.50 and gave the company a “sector perform” rating in a report on Thursday, January 25th. Finally, CIBC upgraded shares of AGF Management from a “neutral” rating to an “outperform” rating and increased their target price for the company from C$9.00 to C$11.00 in a report on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, AGF Management presently has an average rating of “Hold” and a consensus price target of C$9.60.

AGF Management Company Profile

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