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AGF Management (B)

AGF.B-T

TSE:AGF.B

7.68
0.03 (0.39%)
AGF Management Limited is a premier Canadian-based investment management firm serving institutions and individuals around the globe since 1957.
More at Wikipedia

Analysis and Opinions about AGF.B-T

Signal
Opinion
Expert
Chart
HOLD
HOLD
July 20, 2021
We'll see very good numbers out of the investment management companies, given the run in markets. He hasn't looked at AGF lately, but it's interesting. The current 4% dividend could slightly rise. AGF is fairly valued as is its PE. Hold, if you own.
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We'll see very good numbers out of the investment management companies, given the run in markets. He hasn't looked at AGF lately, but it's interesting. The current 4% dividend could slightly rise. AGF is fairly valued as is its PE. Hold, if you own.
TOP PICK
TOP PICK
June 24, 2021
Stockchase Research Editor: Michael O'Reilly AGF is an independent provider of financial services and products, who has over $39 billion under management. It has diversified out to include alternative investment products -- bespoke investment beyond traditional stocks and bonds. Revenue growth last year was over 24%. It trades at only 4x earnings compared to peers at 24x and is trading below book value. It pays a good dividend, backed by a payout ratio of under 15% of cash flow. As such, we recommend holding this for the income generation, without setting a pre-set upper limit. We would buy this with stop loss at $6.50. Yield 4.17% (Analysts’ price target is $8.30)
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Stockchase Research Editor: Michael O'Reilly AGF is an independent provider of financial services and products, who has over $39 billion under management. It has diversified out to include alternative investment products -- bespoke investment beyond traditional stocks and bonds. Revenue growth last year was over 24%. It trades at only 4x earnings compared to peers at 24x and is trading below book value. It pays a good dividend, backed by a payout ratio of under 15% of cash flow. As such, we recommend holding this for the income generation, without setting a pre-set upper limit. We would buy this with stop loss at $6.50. Yield 4.17% (Analysts’ price target is $8.30)
COMMENT
COMMENT
June 14, 2019
Is there any growth in the investment business? AGF's balance sheet is too big for what they earn. Potential write-offs must happen to bring that down. Asset management businesses are being killed. $10.84 is his target price--lots of upside and they can cover their dividend.
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Is there any growth in the investment business? AGF's balance sheet is too big for what they earn. Potential write-offs must happen to bring that down. Asset management businesses are being killed. $10.84 is his target price--lots of upside and they can cover their dividend.
Brian Acker, CA
Price
$5.270
Owned
Unknown
DON'T BUY
DON'T BUY
September 6, 2018

He has owned it in the past and sold a while ago because the share price dropped. The big issue is that they have a lot of margin pressure facing them. They are struggling against a tide. The share price is cheap but you need to look at where the industry is going.

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He has owned it in the past and sold a while ago because the share price dropped. The big issue is that they have a lot of margin pressure facing them. They are struggling against a tide. The share price is cheap but you need to look at where the industry is going.

Tim Regan
Price
$5.980
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
July 25, 2018

(A Past Top Pick on July 26, 2017, Down 6%) Hasn't done much and has disappointed. Its UK division is worth much more than the market gives it credit for.

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(A Past Top Pick on July 26, 2017, Down 6%) Hasn't done much and has disappointed. Its UK division is worth much more than the market gives it credit for.

PAST TOP PICK
PAST TOP PICK
July 13, 2018

(A Top Pick July 20/17 Down 4%) The gain has evaporated into a slight loss, but he sees this entering into a bullish seasonal cycle so will hold it. The risk-reward is very good right now. There could be take-out rumours soon as the big banks are purchasing such assets.

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(A Top Pick July 20/17 Down 4%) The gain has evaporated into a slight loss, but he sees this entering into a bullish seasonal cycle so will hold it. The risk-reward is very good right now. There could be take-out rumours soon as the big banks are purchasing such assets.

PAST TOP PICK
PAST TOP PICK
June 5, 2018

(Past Top Pick on January 26, 2018, Down 15%) He sold at $7.17. He bought it because it was a turnaround story. Mutual fund companies got hit in February. He lost less than 7% and moved on.

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(Past Top Pick on January 26, 2018, Down 15%) He sold at $7.17. He bought it because it was a turnaround story. Mutual fund companies got hit in February. He lost less than 7% and moved on.

William Chin
Price
$6.550
Owned
No
PAST TOP PICK
PAST TOP PICK
April 30, 2018

(A Top Pick July 20/17, Up 0.69%) He still likes it. It has an excellent dividend and it could be a takeout candidate. It will have resistance at $7.25. It has a cup and handle formation with the handle not quite formed. If it gets above $8.60 it will be a screaming buy.

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(A Top Pick July 20/17, Up 0.69%) He still likes it. It has an excellent dividend and it could be a takeout candidate. It will have resistance at $7.25. It has a cup and handle formation with the handle not quite formed. If it gets above $8.60 it will be a screaming buy.

HOLD
HOLD
February 8, 2018

One of Canada’s oldest Mutual Fund companies. 20 billion in retail mutual funds. They got caught within the trap of investors looking for ETFs. They tried to make a shift into the alt space and they had some modest success in the area. They are going to suffer in the short term from a lot of the backlash towards higher fees and underperforming funds. Redemptions seem to have stabilized. Valuation makes sense. Dividend is 4.7% probably safe in the short term.

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One of Canada’s oldest Mutual Fund companies. 20 billion in retail mutual funds. They got caught within the trap of investors looking for ETFs. They tried to make a shift into the alt space and they had some modest success in the area. They are going to suffer in the short term from a lot of the backlash towards higher fees and underperforming funds. Redemptions seem to have stabilized. Valuation makes sense. Dividend is 4.7% probably safe in the short term.

Gerard Ferguson
Price
$6.900
Owned
Unknown
TOP PICK
TOP PICK
January 26, 2018

The last year on this has been a turnaround story. It has pretty good value and pretty good momentum. It went through a tough patch between 2011 and 2016, tougher regulations, tougher competition. They now have new management, and are rebranding their name. They’re going into infrastructure, factor based exchange traded funds and innovative ideas. (Analysts' price target is $8.75.)

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The last year on this has been a turnaround story. It has pretty good value and pretty good momentum. It went through a tough patch between 2011 and 2016, tougher regulations, tougher competition. They now have new management, and are rebranding their name. They’re going into infrastructure, factor based exchange traded funds and innovative ideas. (Analysts' price target is $8.75.)

William Chin
Price
$7.830
Owned
Yes
HOLD
HOLD
November 16, 2017

It was a turnaround of sorts and had problems over the years. They were losing assets and have turned that around. Once CRA issues are cleared up it should go up. At some point he thinks someone will buy it.

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It was a turnaround of sorts and had problems over the years. They were losing assets and have turned that around. Once CRA issues are cleared up it should go up. At some point he thinks someone will buy it.

Fabrice Taylor
Price
$8.230
Owned
Unknown
COMMENT
COMMENT
November 14, 2017

People were worried about their survival. They have survived, but thinks it is not a great industry right now. They are having trouble gaining assets. Fees are still under pressure, which means margins are under pressure. He wouldn’t rush out to buy the stock.

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People were worried about their survival. They have survived, but thinks it is not a great industry right now. They are having trouble gaining assets. Fees are still under pressure, which means margins are under pressure. He wouldn’t rush out to buy the stock.

David Baskin
Price
$8.210
Owned
No
TOP PICK
TOP PICK
July 26, 2017

This has been having a huge turnaround lately. They brought on a new president who is focused on trying to get the performance more consistent with the underlying funds. That has slowed down the redemptions. Thinks the next step will be where they go from slowing down to where they will actually start to see net inflows. Dividend yield of 4.3%. (Analysts’ price target is $7.)

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This has been having a huge turnaround lately. They brought on a new president who is focused on trying to get the performance more consistent with the underlying funds. That has slowed down the redemptions. Thinks the next step will be where they go from slowing down to where they will actually start to see net inflows. Dividend yield of 4.3%. (Analysts’ price target is $7.)

TOP PICK
TOP PICK
July 20, 2017

This sort of fits in with his pro-growth theme. Financials are part of that. This one is a bit unique. Chart shows a long downtrend, which it broke through in April. You also got a signal in June for the longer-term. They didn’t execute very well for the last number of years, and were slow to change. Pays a decent dividend. Thinks there are a lot of tailwinds for this company. (Analysts’ price target is $7.)

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This sort of fits in with his pro-growth theme. Financials are part of that. This one is a bit unique. Chart shows a long downtrend, which it broke through in April. You also got a signal in June for the longer-term. They didn’t execute very well for the last number of years, and were slow to change. Pays a decent dividend. Thinks there are a lot of tailwinds for this company. (Analysts’ price target is $7.)

PAST TOP PICK
PAST TOP PICK
July 13, 2017

* Short*. (Top Pick Jun 10’16, Down 47.16%) There has been more enthusiasm for the asset managers. He thinks the industry as a whole is still going to suffer from the continuing trend.

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* Short*. (Top Pick Jun 10’16, Down 47.16%) There has been more enthusiasm for the asset managers. He thinks the industry as a whole is still going to suffer from the continuing trend.

Jerome Hass
Price
$7.000
Owned
Yes
Showing 1 to 15 of 215 entries

AGF Management (B)(AGF.B-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for AGF Management (B) is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

AGF Management (B)(AGF.B-T) Frequently Asked Questions

What is AGF Management (B) stock symbol?

AGF Management (B) is a Canadian stock, trading under the symbol AGF.B-T on the Toronto Stock Exchange (AGF.B-CT). It is usually referred to as TSX:AGF.B or AGF.B-T

Is AGF Management (B) a buy or a sell?

In the last year, 1 stock analyst published opinions about AGF.B-T. 0 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is HOLD. Read the latest stock experts' ratings for AGF Management (B).

Is AGF Management (B) a good investment or a top pick?

AGF Management (B) was recommended as a Top Pick by Michael Sprung on 2021-07-20. Read the latest stock experts ratings for AGF Management (B).

Why is AGF Management (B) stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is AGF Management (B) worth watching?

1 stock analyst on Stockchase covered AGF Management (B) In the last year. It is a trending stock that is worth watching.

What is AGF Management (B) stock price?

On 2021-07-23, AGF Management (B) (AGF.B-T) stock closed at a price of $7.68.