While private companies own 22% of AGF Management Limited (TSE:AGF.B), retail investors are its largest shareholders with 56% ownership

editorial-team@simplywallst.com (Simply Wall St)

Fri, Nov 22, 2024, 7:10 AM 4 min read

A look at the shareholders of AGF Management Limited (TSE:AGF.B) can tell us which group is most powerful. We can see that retail investors own the lion's share in the company with 56% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

Private companies, on the other hand, account for 22% of the company's stockholders.

Let's take a closer look to see what the different types of shareholders can tell us about AGF Management.

Check out our latest analysis for AGF Management

ownership-breakdown — TSX:AGF.B Ownership Breakdown November 22nd 2024

What Does The Institutional Ownership Tell Us About AGF Management?

Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

AGF Management already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of AGF Management, (below). Of course, keep in mind that there are other factors to consider, too.

earnings-and-revenue-growth — TSX:AGF.B Earnings and Revenue Growth November 22nd 2024

We note that hedge funds don't have a meaningful investment in AGF Management. Bcg Holding Corp. is currently the largest shareholder, with 22% of shares outstanding. With 4.4% and 3.8% of the shares outstanding respectively, Dimensional Fund Advisors LP and Quadravest Capital Management, Inc. are the second and third largest shareholders. Additionally, the company's CEO Kevin McCreadie directly holds 1.6% of the total shares outstanding.

Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder.

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.

Insider Ownership Of AGF Management

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

We can see that insiders own shares in AGF Management Limited. It has a market capitalization of just CA$710m, and insiders have CA$32m worth of shares, in their own names. It is good to see some investment by insiders, but it might be worth checking if those insiders have been buying.

General Public Ownership

The general public -- including retail investors -- own 56% of AGF Management. This size of ownership gives investors from the general public some collective power. They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions.

Private Company Ownership

Our data indicates that Private Companies hold 22%, of the company's shares. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted 2 warning signs for AGF Management you should be aware of, and 1 of them shouldn't be ignored.

If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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In This Article:

Key Insights

What Does The Institutional Ownership Tell Us About AGF Management?

Insider Ownership Of AGF Management

General Public Ownership

Private Company Ownership

Next Steps:

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