Price Action Alert: Is NorthStar Asset Management Group Inc’s Fuel Running Low? The Stock Just Declined Again

Price Action Alert: Is NorthStar Asset Management Group Inc's Fuel Running Low? The Stock Just Declined Again

The stock of NorthStar Asset Management Group Inc (NYSE:NSAM) is a huge mover today! About 1.21M shares traded hands. NorthStar Asset Management Group Inc (NYSE:NSAM) has risen 12.84% since March 11, 2016 and is uptrending. It has outperformed by 7.38% the S&P500.
The move comes after 7 months negative chart setup for the $2.41 billion company. It was reported on Oct, 14 by Barchart.com. We have $11.84 PT which if reached, will make NYSE:NSAM worth $168.70M less.

Analysts await NorthStar Asset Management Group Inc (NYSE:NSAM) to report earnings on November, 14. They expect $0.28 earnings per share, up 7.69% or $0.02 from last year’s $0.26 per share. NSAM’s profit will be $53.01M for 11.37 P/E if the $0.28 EPS becomes a reality. After $0.28 actual earnings per share 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 stock of NorthStar Asset Management Group Inc (NYSE:NSAM) has “Buy” rating given on Friday, August 7 by Deutsche Bank. The firm earned “Outperform” rating on Friday, October 16 by FBR Capital. The firm has “Buy” rating by Deutsche Bank given on Friday, August 7. FBR Capital downgraded the shares of NSAM in a report on Wednesday, June 1 to “Mkt Perform” rating. The stock of NorthStar Asset Management Group Inc (NYSE:NSAM) has “Buy” rating given on Monday, March 14 by Deutsche Bank. FBR Capital upgraded the stock to “Top Pick” rating in Wednesday, September 9 report.

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 dived, 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.
Carroll Financial Inc holds 271 shares or 0% of its portfolio. Citadel Ltd Liability last reported 19,322 shares in the company. Invesco Ltd accumulated 221,764 shares or 0% of the stock. Winslow Evans And Crocker Incorporated accumulated 0% or 180 shares. Calvert Mgmt Inc has 0.01% invested in the company for 14,372 shares. Stevens Capital Ltd Partnership owns 15,389 shares or 0.01% of their US portfolio. Quantbot Tech Lp last reported 38,391 shares in the company. Midas Mgmt has 62,500 shares for 0.36% of their US portfolio. Financial Bank Of America De reported 292,330 shares or 0% of all its holdings. Leucadia National has invested 0.42% of its portfolio in NorthStar Asset Management Group Inc (NYSE:NSAM). Sls Mgmt Lc last reported 44.69% of its portfolio in the stock. State Of New Jersey Common Pension Fund D, a New Jersey-based fund reported 131,564 shares. Bnp Paribas Arbitrage, a New York-based fund reported 16,310 shares. Adage Prtn Grp Lc owns 6.18M shares or 0.17% of their US portfolio. Legal General Gp Public Ltd holds 15,937 shares or 0% of its portfolio.

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.

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