Price Action Alert: Could NorthStar Asset Management Group Inc Rise Even More? The Stock Had Another Big Increase Today

Price Action Alert: Could NorthStar Asset Management Group Inc Rise Even More? The Stock Had Another Big Increase Today

The stock of NorthStar Asset Management Group Inc (NYSE:NSAM) is a huge mover today! About 595,843 shares traded hands. NorthStar Asset Management Group Inc (NYSE:NSAM) has risen 22.70% since March 8, 2016 and is uptrending. It has outperformed by 13.38% the S&P500.
The move comes after 5 months positive chart setup for the $2.43B company. It was reported on Oct, 11 by Barchart.com. We have $16.92 PT which if reached, will make NYSE:NSAM worth $777.60M more.

Analysts await NorthStar Asset Management Group Inc (NYSE:NSAM) to report earnings on November, 14. They expect $0.28 EPS, up 7.69% or $0.02 from last year’s $0.26 per share. NSAM’s profit will be $53.07M for 11.45 P/E if the $0.28 EPS becomes a reality. After $0.28 actual EPS reported by NorthStar Asset Management Group Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

NorthStar Asset Management Group Inc (NYSE:NSAM) Ratings Coverage

Out of 3 analysts covering NorthStar Asset Mgmt (NYSE:NSAM), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. NorthStar Asset Mgmt has been the topic of 8 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Deutsche Bank given on Friday, August 7. The company was downgraded on Wednesday, June 1 by FBR Capital. FBR Capital maintained NorthStar Asset Management Group Inc (NYSE:NSAM) rating on Friday, October 16. FBR Capital has “Outperform” rating and $23 price target. The stock of NorthStar Asset Management Group Inc (NYSE:NSAM) earned “Top Pick” rating by FBR Capital on Wednesday, September 9. Deutsche Bank maintained it with “Buy” rating and $20 target price in Monday, March 14 report. The rating was maintained by Deutsche Bank on Friday, August 7 with “Buy”.

According to Zacks Investment Research, “NorthStar Asset Management Group Inc. offers a broad range of investment advisory services to individuals, families and institutions including asset management, retirement planning, administrative services and 401(k) management. These services include counselling with experienced professionals, prudent asset allocation with diversified, tax efficient investments, and detailed reporting. Northstar Asset Management Group Inc. is based in New York.”

Insitutional Activity: The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.06, from 1.08 in 2016Q1. The ratio dropped, as 41 funds sold all NorthStar Asset Management Group Inc shares owned while 62 reduced positions. 37 funds bought stakes while 68 increased positions. They now own 163.51 million shares or 4.71% more from 156.16 million shares in 2016Q1.
Rafferty Asset Mngmt Ltd Liability has 19,866 shares for 0.01% of their US portfolio. The Utah-based Utah Retirement Sys has invested 0.01% in NorthStar Asset Management Group Inc (NYSE:NSAM). The United Kingdom-based Gsa Prtnrs Llp has invested 0.05% in NorthStar Asset Management Group Inc (NYSE:NSAM). Deutsche Bank Ag accumulated 0.01% or 779,819 shares. Midas holds 62,500 shares or 0.36% of its portfolio. The Maryland-based Price T Rowe Md has invested 0% in NorthStar Asset Management Group Inc (NYSE:NSAM). Pnc Ser has 0% invested in the company for 5,352 shares. The Illinois-based Ubs Asset Mngmt Americas has invested 0% in NorthStar Asset Management Group Inc (NYSE:NSAM). Moreover, Alliancebernstein Lp has 0% invested in NorthStar Asset Management Group Inc (NYSE:NSAM) for 145,012 shares. Envestnet Asset Mngmt Incorporated holds 0% of its portfolio in NorthStar Asset Management Group Inc (NYSE:NSAM) for 5,933 shares. New Mountain Vantage Advisers Limited Liability Corporation reported 3.57 million shares or 1.91% of all its holdings. Moreover, Hoplite Cap Limited Partnership has 1.42% invested in NorthStar Asset Management Group Inc (NYSE:NSAM) for 2.81M shares. Blackrock Gp Limited, a United Kingdom-based fund reported 156,869 shares. Aperio Gru Ltd Liability Co last reported 63,071 shares in the company. Wells Fargo And Mn accumulated 0% or 455,493 shares.

Another recent and important NorthStar Asset Management Group Inc (NYSE:NSAM) news was published by Prnewswire.com which published an article titled: “MSD Partners, L.P. and MSD Capital, L.P. Send Letter to the Special Committee …” on September 19, 2016.

NSAM Company Profile

NorthStar Asset Management Group Inc., incorporated on December 10, 2013, is a global asset management company. The Firm is focused on strategically managing real estate and other investment platforms in the United States and internationally. The Firm manages various companies, including NorthStar Realty Finance Corp. (NorthStar Realty) and NorthStar Realty Europe Corp. (NorthStar Europe) (collectively, NorthStar Listed Companies). The Company’s divisions include NorthStar Listed Companies, which provides asset management and other services on a fee basis by managing the day-to-day activities of the NorthStar Listed Companies; Sponsored Companies, which provides asset management and other services on a fee basis by managing the day-to-day activities of its Sponsored Companies; Broker-dealer, which raises capital in the retail market through NorthStar Securities, LLC (NorthStar Securities) and earns dealer manager fees from the Sponsored Companies; Direct Investments, which invests in strategic partnerships and joint ventures with third-parties involved in commercial real estate or other sectors and markets, and Corporate/Other.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment