Stock Mover of the Day: Is Buying NorthStar Asset Management Group Inc Here a Winning Strategy?

Stock Mover of the Day: Is Buying NorthStar Asset Management Group Inc Here a Winning Strategy?

The stock of NorthStar Asset Management Group Inc (NYSE:NSAM) hit a new 52-week high and has $17.95 target or 25.00% above today’s $14.36 share price. The 9 months bullish chart indicates low risk for the $2.70 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $17.95 price target is reached, the company will be worth $675.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 704,507 shares traded hands. NorthStar Asset Management Group Inc (NYSE:NSAM) has risen 10.91% since April 19, 2016 and is uptrending. It has outperformed by 7.05% the S&P500.

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

Out of 4 analysts covering NorthStar Asset Mgmt (NYSE:NSAM), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. NorthStar Asset Mgmt has been the topic of 10 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The company was upgraded on Wednesday, September 9 by FBR Capital. On Friday, October 14 the stock rating was maintained by Wood with “Outperform”. The firm has “Buy” rating by Deutsche Bank given on Monday, March 14. The firm has “Buy” rating given on Friday, August 7 by Deutsche Bank. 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 rating was upgraded by FBR Capital on Friday, October 21 to “Outperform”. Deutsche Bank maintained the stock with “Buy” rating in Friday, August 7 report. The rating was downgraded by FBR Capital to “Mkt Perform” on Wednesday, June 1.

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 0.75 in Q2 2016. Its down 0.27, from 1.02 in 2016Q1. The ratio turned negative, 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.
Alliancebernstein L P holds 145,012 shares or 0% of its portfolio. Park West Asset Management Limited Liability Corp, a California-based fund reported 285,509 shares. Lakewood Cap Mgmt L P accumulated 3.49 million shares or 1.72% of the stock. Brown Brothers Harriman And holds 0% or 800 shares in its portfolio. Millennium Mgmt has 0.01% invested in the company for 368,396 shares. Prudential accumulated 0% or 13,259 shares. Renaissance Llc accumulated 1.63M shares or 0.03% of the stock. Land & Buildings Mgmt Limited Liability holds 1.72M shares or 9.53% of its portfolio. D E Shaw & last reported 0.01% of its portfolio in the stock. Us National Bank De reported 422 shares or 0% of all its holdings. Corsair L P last reported 2.43% of its portfolio in the stock. The New York-based Fny Managed Accounts Lc has invested 0% in NorthStar Asset Management Group Inc (NYSE:NSAM). Zurcher Kantonalbank (Zurich Cantonalbank) last reported 4,568 shares in the company. Blackrock holds 0% of its portfolio in NorthStar Asset Management Group Inc (NYSE:NSAM) for 26,834 shares. Signaturefd Lc reported 172 shares or 0% of all its holdings.

Another recent and important NorthStar Asset Management Group Inc (NYSE:NSAM) news was published by Nasdaq.com which published an article titled: “NorthStar Asset Management Group, Inc. (NSAM) Ex-Dividend Date Scheduled for …” on November 08, 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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