Market Runner: NorthStar Asset Management Group Inc Can’t Be More Hot. Just Reaches 52-Week High

Market Runner: NorthStar Asset Management Group Inc Can't Be More Hot. Just Reaches 52 Week High

The stock of NorthStar Asset Management Group Inc (NYSE:NSAM) hit a new 52-week high and has $15.52 target or 4.00% above today’s $14.92 share price. The 7 months bullish chart indicates low risk for the $2.89 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $15.52 price target is reached, the company will be worth $115.60M 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 3.29M shares traded hands or 25.57% up from the average. NorthStar Asset Management Group Inc (NYSE:NSAM) has risen 18.20% since April 25, 2016 and is uptrending. It has outperformed by 12.18% the S&P500.

Analysts await NorthStar Asset Management Group Inc (NYSE:NSAM) to report earnings on February, 24. They expect $0.27 earnings per share, 0.00% or $0.00 from last year’s $0.27 per share. NSAM’s profit will be $52.30 million for 13.81 P/E if the $0.27 EPS becomes a reality. After $0.26 actual earnings per share reported by NorthStar Asset Management Group Inc for the previous quarter, Wall Street now forecasts 3.85% EPS growth.

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 rating was upgraded by FBR Capital to “Outperform” on Friday, October 21. The firm has “Buy” rating by Deutsche Bank given on Friday, August 7. Wood maintained the shares of NSAM in a report on Friday, October 14 with “Outperform” rating. The firm has “Mkt Perform” rating by FBR Capital given on Wednesday, June 1. The rating was maintained by Deutsche Bank with “Buy” on Monday, March 14. The stock of NorthStar Asset Management Group Inc (NYSE:NSAM) has “Top Pick” rating given on Wednesday, September 9 by FBR Capital. Deutsche Bank maintained NorthStar Asset Management Group Inc (NYSE:NSAM) rating on Friday, August 7. Deutsche Bank has “Buy” rating and $26 price target. The rating was maintained by FBR Capital on Friday, October 16 with “Outperform”.

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 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.
The Georgia-based Signaturefd Limited Com has invested 0% in NorthStar Asset Management Group Inc (NYSE:NSAM). North Run Limited Partnership has invested 5.34% of its portfolio in NorthStar Asset Management Group Inc (NYSE:NSAM). The New York-based Millennium Ltd Liability has invested 0.01% in NorthStar Asset Management Group Inc (NYSE:NSAM). Van Eck, a New York-based fund reported 3,123 shares. Fny Managed Accounts Ltd Limited Liability Company accumulated 2,000 shares or 0% of the stock. Carroll Finance Assoc reported 271 shares or 0% of all its holdings. State Of Wisconsin Invest Board has invested 0% of its portfolio in NorthStar Asset Management Group Inc (NYSE:NSAM). Mariner Grp Incorporated Ltd Com holds 0.38% of its portfolio in NorthStar Asset Management Group Inc (NYSE:NSAM) for 110,000 shares. Kcg holds 0.01% of its portfolio in NorthStar Asset Management Group Inc (NYSE:NSAM) for 48,397 shares. Moreover, Selz Capital Limited Company has 1.82% invested in NorthStar Asset Management Group Inc (NYSE:NSAM) for 626,500 shares. Invesco Limited holds 221,764 shares or 0% of its portfolio. Sls Mngmt Ltd Liability accumulated 1.99 million shares or 44.69% of the stock. Hightower Advsrs Limited Liability Co accumulated 25,523 shares or 0% of the stock. Alliancebernstein Lp, a New York-based fund reported 145,012 shares. Blackrock reported 156,869 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.

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