AGF EMPLOYEE BENEFIT PLAN TRUST Purchases 42,700 Shares of AGF Management Limited (TSE:AGF.B) Stock

AGF Management Limited (TSE:AGF.B) insider AGF EMPLOYEE BENEFIT PLAN TRUST purchased 42,700 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The shares were purchased at an average cost of C$12.09 per share, for a total transaction of C$516,243.00.

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

• 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 transaction of C$240,609.60.

AGF Management Stock Performance

Shares of AGF.B stock traded up C$0.07 during trading hours on Monday, reaching C$12.07. The stock had a trading volume of 14,722 shares, compared to its average volume of 67,308. The firm has a market capitalization of C$770.79 million, a PE ratio of 9.43, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The firm has a 50-day simple moving average of C$10.51 and a 200-day simple moving average of C$10.67. AGF Management Limited has a twelve month low of C$7.37 and a twelve month high of C$12.30. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AGF.B. Jefferies Financial Group dropped their target price on shares of AGF Management from C$12.00 to C$11.00 in a report on Monday, April 21st. Desjardins dropped their price objective on shares of AGF Management from C$13.50 to C$12.25 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Scotiabank decreased 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. Finally, TD Securities lowered their target price on AGF Management from C$13.00 to C$12.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$12.46.

About AGF Management

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.