AGF Management Ltd T.AGF.B

Alternate Symbol(s): AGFMF

Financial Services Asset Management

AGF Management Limited is a Canada-based diversified asset management company. The Company provides investment solutions to a range of clients, from individual investors and financial advisors to institutions, including pension plans, corporate plans, sovereign wealth funds, endowments, and foundations. The Company's subsidiaries provide investment management for mutual funds, factor-based exchange-traded funds (ETF), institutions and corporations, private wealth clients, and access to private markets through its three business lines: AGF Investments, AGF Private Wealth, and AGF Private Capital (Private Capital). Its wholly owned subsidiary, AGF CustomerFirst Inc. (AGFC), provides fund administration services to the AGF mutual funds. The Company also has an ownership interest in AGFWave Asset Management Inc. (AGFWave), which provides asset management services and products in China and South Korea.

TSX:AGF.B - Post by User

AGF Management Ltd

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Post by Detailoriented1on Apr 04, 2024 7:41am

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Post# 35969781

Dividend Increase and Surprisingly Good Earnings

Dividend moves from 11 cents to 11.5 this quarter.

Analysts expected 31 cents earnings and they delivered 51 cents!! I am guessing analysts did not expect them to fold in the Kensington Capital Partners assets this past quarter. But it does show how much these acquisitions can move their earnings and they have an even larger acquisition to fold in this quarter on the Private Capital side.

The base business is a cash cow and the Private Capital Partners will deliver lumpy earnings that should drive a rerate from analysts and investors and.move this to double digits this quarter.

And there can easily be more dividend increases ahead this year.

GLTA

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