AGF Management (TSE:AGF.B) Releases Earnings Results

AGF Management (TSE:AGF.B) posted its quarterly earnings results on Wednesday. The company reported C$0.72 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$126.70 million for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%.

Here are the key takeaways from AGF Management’s conference call:

• AGF reported a strong Q2 2026 with adjusted diluted EPS of CAD 0.72, adjusted EBITDA of CAD 64 million, and free cash flow of CAD 36 million.
• AUM and fee-earning assets rose to CAD 75 billion, up 40% year over year, helped by the inclusion of New Holland Capital and broad growth across the platform.
• The company highlighted continued momentum in ETF and SMA products, with global AUM up 74% year over year to CAD 4.8 billion and Canadian net flows of CAD 155 million in the quarter.
• AGF increased its economic interest in New Holland Capital to 50%, and management expects the transaction to be modestly accretive to earnings as the business scales over time.
• While Canadian retail mutual funds posted their eighth straight quarter of positive net sales, sales were only CAD 6 million and management noted some softness tied to seasonality and a more challenging consumer backdrop.

AGF Management Price Performance

AGF.B stock opened at C$19.48 on Friday. AGF Management has a 52-week low of C$11.57 and a 52-week high of C$21.30. The business has a fifty day moving average of C$17.29 and a two-hundred day moving average of C$17.87. The stock has a market cap of C$1.24 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 1.18 and a beta of 1.31. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27.

Analysts Set New Price Targets

A number of research firms have commented on AGF.B. Desjardins increased their price objective on shares of AGF Management from C$22.00 to C$23.00 and gave the company a “buy” rating in a report on Thursday. Scotia dropped their price target on AGF Management from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 15th. TD increased their price target on AGF Management from C$19.00 to C$24.00 and gave the company a “buy” rating in a report on Friday, June 19th. Royal Bank Of Canada lifted their price objective on AGF Management from C$21.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, BMO Capital Markets boosted their price objective on AGF Management from C$19.00 to C$20.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 8th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, AGF Management has an average rating of “Moderate Buy” and a consensus price target of C$20.28.

AGF Management Company Profile

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth. AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.