Neuberger Berman
Neuberger Berman, branded Neuberger since 2026, is a private, employee-owned investment manager in New York with about $613 billion under management (June 2026). It is a buy-side firm and does not operate a sell-side equity research business.
Activity24M
RatingsPrice targetsKey figures
- Stocks covered
- 612M
- Actions
- 912M
- Ratings / Price targets
- 0 / 9
- Median upside
- +12.7%
- Targets raised / lowered
- 2 / 3
- On record
- Apr 2021 – Jul 2026
Overview
The firm's equity analysts serve its own mutual funds, separate accounts and private-market portfolios rather than outside brokerage clients, and it does not publish sell-side stock ratings or price targets. Its published research consists of market outlooks and investment commentary. With about 3,000 employees across 26 countries (2026), it manages equities, fixed income, private markets, real estate and hedge fund portfolios. All employee deferred cash compensation is linked to the firm's own strategies (2025).
Roy Neuberger and Robert Berman founded the firm in New York in 1939, and it launched one of the first no-load mutual funds in 1950. It listed on the NYSE in October 1999 and was acquired by Lehman Brothers in 2003 for about $2.63 billion. After Lehman's 2008 collapse, management bought a majority stake in 2009, and the firm returned to full employee ownership by the end of 2014.
Milestones
- 1939
Founded in New York by Roy Neuberger and Robert Berman
- 1950
Launches one of the first no-load mutual funds
- 1999
Lists on the New York Stock Exchange
- 2003
Acquired by Lehman Brothers
- 2009
Management buyout from bankrupt Lehman Brothers
- 2026
Brand shortened to Neuberger
Firm facts
- Legal name
- Neuberger Berman Group LLC
- Type
- Other
- Founded
- 1939
- Headquarters
- New York, United States
- Chairman and CEO
- George H. Walker
- Website
- nb.com
Research philosophy
Company fundamentals and client objectives are what drive us, not the noise of the markets.
Neuberger describes its investment philosophy as founded on active management, fundamental research and engaged ownership. Since 2020 its NB Votes program has published its voting intentions ahead of selected shareholder meetings, focusing on companies where clients have significant economic exposure.
Rating methodology
Neuberger is a buy-side investment manager and does not publish sell-side stock ratings or price targets. Its analysts support the firm's own investment portfolios.
Coverage12M
Sectors
Most covered24M
Most active analysts
- Brandon Berman15 notesALLYUMBFFNB
Recent actions
| Date | Stock | Rating action | Target | Analyst |
|---|---|---|---|---|
| Jul 28 |  Popular, Inc.BPOP | Target | $181 | Brandon Berman |
| Jul 28 |  Washington Trust Bancorp, Inc.WASH | Target | $37 | Brandon Berman |
| Jul 23 |  Ally Financial Inc.ALLY | Target | $53 →$49 | Brandon Berman |
| Jul 20 |  F.N.B. CorporationFNB | Target | $20 →$19 | Brandon Berman |
| Jul 8 | Ally Financial Inc.ALLY | Target | $42 →$53 | Brandon Berman |
| May 4 |  UMB Financial CorporationUMBF | Target | $124 →$152 | Brandon Berman |
| May 4 | F.N.B. CorporationFNB | Target | $20 | Brandon Berman |
| May 4 |  Central BancompanyCBC | Target | $29.50 | Brandon Berman |
| Oct 13, 2025 | Ally Financial Inc.ALLY | Target | $46 →$42 | Brandon Berman |
| Jul 13, 2025 | UMB Financial CorporationUMBF | Target | $105 →$124 | Brandon Berman |
| Jul 13, 2025 |  First BanCorp.FBP | Target | $24 | Brandon Berman |
| Jul 13, 2025 |  Bank of Hawaii CorporationBOH | Target | $70 | Brandon Berman |