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Analysts expect 13 asset manager, broker/dealer stocks to rise 20% or more

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Analysts expect 13 asset manager, broker/dealer stocks to rise 20% or more

Analysts expect a vast majority of securities and investment company stocks to rise over the next 12 months, with 13 such companies trading 20% or more below analysts' average price targets.

As of June 5, the share prices of 45 of 49 securities and investment companies included in an S&P Global Market Intelligence analysis had room to rise to hit analyst expectations.

Broker/dealer BGC Partners Inc. was trading 54.8% below its one-year mean price target, the largest discount among these companies. BGC shares have lost 3.6% over the last year, and two of the three analysts covering the stock recommend buying at this level.

JMP Group LLC and Safeguard Scientifics Inc. had the second- and third-highest implied upside at 37.0% and 34.6%, respectively.

Meanwhile, investment bank Greenhill & Co. Inc. was the most overvalued stock compared with analyst expectations, trading 29.6% above its mean one-year price target. Greenhill's stock has been on a tear over the last year, returning 34.1%. None of the nine analysts covering the stock currently recommend buying it.

Private equity firm Hamilton Lane Inc. traded 16.4% above its mean one-year price target as of June 5. Its stock has more than doubled over the last year.

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