Overview

* AGF Q3 adjusted EPS of C$0.46 beats analyst expectations

* Total assets under management rose to C$56.8 bln

* Judy Goldring named CEO, following passing of Kevin McCreadie

Outlook

* Company emphasizes diversification to navigate evolving market conditions

* AGF Management ( AGFMF ) highlights multi-year growth strategy

* AGF Management ( AGFMF ) notes strong investment performance supports future sales

Result Drivers

* STRONG NET SALES - AGF's retail mutual fund net sales rose to C$262 mln from C$65 mln in the previous quarter, supporting overall growth

* INVESTMENT PERFORMANCE - Solid investment performance contributed to the increase in total assets under management to C$56.8 bln

* DIVERSIFICATION STRATEGY - AGF attributes its ability to navigate market conditions to its strategy of diversification across asset classes and client channels

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 C$107.50

Adjusted mln

Revenue

Q3 Beat C$0.46 C$0.45

Adjusted (5

EPS Analysts

)

Q3 EPS C$0.42

Q3 C$56.8

Assets bln

Under

Manageme

nt

Q3 C$0.125

Dividend

Q3 C$42.10

EBITDA mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the investment management & fund operators peer group is "hold."

* Wall Street's median 12-month price target for AGF Management Ltd ( AGFMF ) is C$16.00, about 10.6% above its September 23 closing price of C$14.31

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)