TSE:GCG

48.45
1.05 (2.12%) 1d
0
PAST TOP PICK
(A Top Pick Jun 23/21, Up 4%) Has held stock for 15 years. Large dividend increases and 400% return for holding period. Well managed company with solid balance sheet. Growing organically and through M&A. Trading at 40% discount to intrinsic value.
investment companies / funds
HOLD
Long-term holders of it. Really like it. Excellent track record in investment management returns. Acquiring assets to diversify out of Canada. Distribution business for mutual funds and insurance, which is extremely profitable. His valuation is in the low 30s. Rock solid balance sheet. No debt. One of the asset managers that's performed the best in this market.
investment companies / funds
BUY

Sold its mutual fund business to BMO. This is his way of playing BMO indirectly. They are expanding internationally. They are currently buying back shares at $18.

investment companies / funds
COMMENT

He has been Long Guardian Capital (GCG.A-T) and Short the Bank of Montréal (BMO-T) since April/09. There is about $2.50 left on the stub for this company. It is a very solid business and has been growing and firing on all 4 cylinders for the last 48 months. They have started to sell some of the BMO shares, using some of the capital for strategic acquisitions. It will take some time for some of those investments to pan out. Feels their perspective on this is a great one. Expects that at some point this company will get taken out.

investment companies / funds
COMMENT

Has 2 main assets, the core asset management business which has been improving and making acquisitions in the business and has been getting better. Also, have a very large portfolio of corporate investments on their balance sheet, the largest of which by far is a stake in the Bank of Montréal (BMO-T) and every time this moves up, this company becomes more valuable. As their asset management business improves, they can hopefully grow and make acquisitions in their core business and maybe sell down some of their BMO stake. He thinks the outlook is positive. Thinly traded, so you could look at CI Financial (CIX-T) or Gluskin Sheff (GS-T) instead.

investment companies / funds
DON'T BUY
Sold off their retail funds to Bank of Montréal (BMO-T). Not excited about this company because the story has always been the same and there is not a catalyst. The value of the company is largely the stake they have in Bank of Montréal. The asset management business’s that are left over are not particularly great.
investment companies / funds
TRADE
If you own it, hold it.
investment companies / funds
BUY
Good management. A top rate fund although he prefers owning individual income trusts.
investment companies / funds
BUY
Strong balance sheet. Selling at book value. A defensive holding.
investment companies / funds
BUY
Prefers this and AGF over C. I. Fund Management.Both have a lower valuation.
investment companies / funds
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Guardian Capital Group(GCG-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Guardian Capital Group 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.

Guardian Capital Group(GCG-T) Frequently Asked Questions

What is Guardian Capital Group stock symbol?

Guardian Capital Group is a Canadian stock, trading under the symbol GCG-T on the Toronto Stock Exchange (GCG-CT). It is usually referred to as TSX:GCG or GCG-T

Is Guardian Capital Group a buy or a sell?

In the last year, there was no coverage of Guardian Capital Group published on Stockchase.

Is Guardian Capital Group a good investment or a top pick?

Guardian Capital Group was recommended as a Top Pick by on . Read the latest stock experts ratings for Guardian Capital Group.

Why is Guardian Capital Group 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 Guardian Capital Group worth watching?

0 stock analysts on Stockchase covered Guardian Capital Group In the last year. It is a trending stock that is worth watching.

What is Guardian Capital Group stock price?

On 2024-04-12, Guardian Capital Group (GCG-T) stock closed at a price of $48.45.