| Wednesday | ||||
AGF Management announced… AGF Management announced the appointment of industry veteran Ken Tsang to the position of CFO. Ken will join the organization on June 1, reporting to Kevin McCreadie, CEO and Chief Investment Officer, AGF. He was most recently the CFO, Head of Strategy & Business Development at Capital One Canada. Jenny Quinn will remain at AGF and will be returning to her role as Chief Accounting Officer. She will work closely with Ken on the CFO transition. | ||||
| Over a month ago | ||||
BMO Capital lowered the… BMO Capital lowered the firm's price target on AGF Management to C$8.50 from C$9.50 and keeps a Market Perform rating on the shares. | ||||
RBC Capital analyst… RBC Capital analyst Geoffrey Kwan lowered the firm's price target on AGF Management to C$9 from C$9.50 and keeps a Sector Perform rating on the shares. | ||||
CIBC analyst Nik Priebe… CIBC analyst Nik Priebe lowered the firm's price target on AGF Management to C$9 from C$9.50 and keeps a Neutral rating on the shares. | ||||
Scotiabank analyst Phil… Scotiabank analyst Phil Hardie lowered the firm's price target on AGF Management to C$9.25 from C$9.50 and keeps a Sector Perform rating on the shares. | ||||
AGF announced a 10%… AGF announced a 10% increase to its first quarter dividend to C$0.11 per share payable on April 21, 2023 to shareholders on record as at April 11, 2023. | ||||
Reports Q1 revenue… Reports Q1 revenue C$80.1M vs. C$81.7M last year. AGF reported total assets under management and fee-earning assets of C$41.9 billion compared to C$41.8 billion as at November 30, 2022 and C$42.0 billion as at February 28, 2022. Year-over-year, the slight AUM decline was driven by market volatility, offset by positive net sales. "During a time of market uncertainty, we remain focused on providing our clients with consistency when it comes to our performance, our investment approach and our client interactions," said Kevin McCreadie, Chief Executive Officer and Chief Investment Officer, AGF. "We are well-positioned with a robust platform of global strategies across multiple vehicles and asset classes designed to meet the ever-evolving needs of our clients." | ||||
CIBC analyst Nik Priebe… CIBC analyst Nik Priebe raised the firm's price target on AGF Management to C$9.50 from C$9 and keeps a Neutral rating on the shares. | ||||
Desjardins analyst Gary… Desjardins analyst Gary Ho raised the firm's price target on AGF Management to C$10.50 from C$10 and keeps a Buy rating on the shares. | ||||
| Over a quarter ago | ||||
Scotiabank raised the… Scotiabank raised the firm's price target on AGF Management to C$9.50 from C$9.25 and keeps a Sector Perform rating on the shares. | ||||
