AGF Management Limited (TSE:AGF.B) Insider Buys C$263,952.00 in Stock

AGF Management Limited (TSE:AGF.B - Get Free Report) insider AGF EMPLOYEE BENEFIT PLAN TRUST acquired 21,600 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were bought at an average cost of C$12.22 per share, with a total value of C$263,952.00.

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

• On Friday, June 13th, AGF EMPLOYEE BENEFIT PLAN TRUST acquired 23,277 shares of AGF Management stock. The shares were bought at an average cost of C$12.24 per share, with a total value of C$284,910.48.
• On Monday, June 9th, AGF EMPLOYEE BENEFIT PLAN TRUST bought 42,700 shares of AGF Management stock. The shares were acquired at an average cost 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 stock was sold at an average price of C$9.80, for a total value of C$240,609.60.

AGF Management Price Performance

TSE AGF.B traded down C$0.47 during mid-day trading on Friday, hitting C$11.99. The stock had a trading volume of 64,680 shares, compared to its average volume of 67,037. AGF Management Limited has a 52-week low of C$7.37 and a 52-week high of C$12.46. The company has a market cap of C$765.68 million, a price-to-earnings ratio of 9.37, a P/E/G ratio of 1.18 and a beta of 1.73. The company has a 50 day simple moving average of C$10.72 and a 200 day simple moving average of C$10.71. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AGF.B shares. Jefferies Financial Group cut their target price on AGF Management from C$12.00 to C$11.00 in a research note on Monday, April 21st. Desjardins cut their target price on AGF Management from C$13.50 to C$12.25 and set a "buy" rating for the company in a research note on Wednesday, April 9th. TD Securities cut their target price on AGF Management from C$13.00 to C$12.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Scotiabank cut their target price on AGF Management from C$12.00 to C$11.50 and set a "sector perform" rating for the company in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$12.46.

AGF Management Company Profile

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.