U.S. markets close in 5 hours 18 minutes

Guardian Capital Group Limited (GCG-A.TO)

Toronto - Toronto Real Time Price. Currency in CAD
Add to watchlist
31.14+1.14 (+3.80%)
As of 10:13AM EDT. Market open.
Full screen
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Neutralpattern detected
Previous Close30.00
Open31.14
Bid30.50 x N/A
Ask31.30 x N/A
Day's Range31.14 - 31.14
52 Week Range18.01 - 32.86
Volume320
Avg. Volume6,019
Market Cap865.2M
Beta (5Y Monthly)1.17
PE Ratio (TTM)19.80
EPS (TTM)1.57
Earnings DateN/A
Forward Dividend & Yield0.72 (2.44%)
Ex-Dividend DateApr 09, 2021
1y Target Est39.00
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
N/A
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
    View more
    • What Type Of Shareholders Own The Most Number of Guardian Capital Group Limited (TSE:GCG.A) Shares?
      Simply Wall St.

      What Type Of Shareholders Own The Most Number of Guardian Capital Group Limited (TSE:GCG.A) Shares?

      The big shareholder groups in Guardian Capital Group Limited ( TSE:GCG.A ) have power over the company. Large companies...

    • Guardian Capital Group Limited Completes Acquisition of BNY Mellon’s Canadian Wealth Management Business
      GlobeNewswire

      Guardian Capital Group Limited Completes Acquisition of BNY Mellon’s Canadian Wealth Management Business

      TORONTO, March 01, 2021 (GLOBE NEWSWIRE) -- Guardian Capital Group Limited (Guardian) (TSX:GCG) (TSX:GCG.A) announced today that it has completed its acquisition of BNY Mellon Wealth Management, Advisory Services, Inc. (WMAS), a Canadian-based wealth management business. Going forward, this entity will be renamed Guardian Partners Inc. (GPI) to align with the strength of Guardian’s brand and commitment to partnerships. For almost six decades, Guardian has offered leading asset and wealth management services to investors. This addition expands its core wealth management capabilities in the ultra-high-net-worth, family office, endowment and foundations segments, areas where WMAS has both excelled and was a pioneer in developing, while advancing Guardian’s goal of growing its market presence in these segments. Adding a team with such depth and experience will immediately enhance Guardian’s Wealth Management offering, augmenting its coverage of both existing and new clients. Anthony Messina will be assuming the role of President of GPI and remain as the Head of Private Wealth at Guardian. Doce Tomic will remain as the Head of Wealth Management, while adding the role of Chairman of GPI. Both will continue to work together across Guardian’s Wealth Management platforms, leveraging all of Guardian to bring leading solutions to its clients and partners. “We believe that the addition of Guardian Partners is an exciting opportunity to enhance our offering and commitment to the ultra-high-net-worth and family office segments,” said George Mavroudis, President and Chief Executive Officer, Guardian. “Our shared values and comparable high standards give me great confidence regarding how we will manage the stewardship of our clients’ needs moving forward, while spearheading our drive to grow the organization.” “The combination of WMAS and Guardian represents an exciting new chapter for our clients and employees,” said Jaz Gill, COO of BNY Mellon Wealth Management, Advisory Services, Inc. “We are confident in GPI’s commitment and ability to meet the investment and OCIO needs of clients now and in the future.” Berkshire Global Advisors LP served as financial advisor to Guardian. Guardian was represented by AUM Law Professional Corporation. Details of the acquisition formed part of a December 2020 press release. For further information, please contact: Angela Shim(416) 947-8009 About Guardian Capital Group Limited Guardian Capital Group Limited is a diversified financial services company founded in 1962. Guardian operates in two main business areas, Asset Management and Financial Advisory. As at December 31, 2020, Guardian had C$46 billion of assets under management and C$22 billion of assets under administration. Guardian offers institutional and private wealth investment management services; financial services to international investors; services to financial advisors in its national mutual fund dealer, securities dealer, and insurance distribution network; and maintains and manages a proprietary investment portfolio, which had a fair market value of C$633 million at December 31, 2020. Its Common and Class A shares are listed on the Toronto Stock Exchange; in 2019, Guardian celebrated 50 years as a listed company. To learn more about Guardian, visit www.guardiancapital.com. About BNY Mellon Wealth ManagementFor more than two centuries, BNY Mellon Wealth Management has provided services to high-net-worth individuals, family offices, planned giving programs, and endowments and foundations. It has $286 billion in total client assets, as of Dec. 31, 2020, and 30 offices in the U.S. and internationally. BNY Mellon Wealth Management delivers wealth advice across investments, banking, custody, and wealth and estate planning. It conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation. For more information, visit www.bnymellonwealth.com or follow us on Twitter @BNYMellonWealth. ABOUT BNY MELLONBNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Dec. 31, 2020, BNY Mellon had $41.1 trillion in assets under custody and/or administration, and $2.2 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

    • Guardian Capital Group Limited (TSX: GCG; GCG.A) Announces Operating Results for the Year Ended December 31, 2020
      GlobeNewswire

      Guardian Capital Group Limited (TSX: GCG; GCG.A) Announces Operating Results for the Year Ended December 31, 2020

      TORONTO, Feb. 24, 2021 (GLOBE NEWSWIRE) -- All per share figures disclosed below are stated on a diluted basis. For the twelve months ended December 31 20202019($ in thousands, except per share amounts) Net revenue $ 215,791 $ 186,102 Operating earnings 54,841 48,901 Net gains (losses) (1,313) 96,706 Net earnings (loss) attributable to shareholders 42,358 123,120 EBITDA(1) $ 70,325 $ 63,214 Adjusted cash flow from operations (1) 56,773 51,634 Per share: Net earnings (loss) attributable to shareholders $ 1.57 $ 4.50 EBITDA(1) 2.60 2.32 Adjusted cash flow from operations (1) 2.10 1.90 As at 20202019($ in millions, except per share amounts) Assets under management $ 45,984 $ 31,147 Assets under administration 22,289 20,248 Shareholders' equity 700 683 Securities 633 682 Per share: Shareholders' equity (1) $ 25.69 $ 25.01 Securities (1) 23.23 24.99 The Company completed another successful year in 2020 and is reporting historic highs in many financial metrics including assets under management (“AUM”) and assets under administration (“AUA”), and annual and quarterly highs in Net revenue, Operating earnings, EBITDA, and Adjusted cash flow from operations. The Company’s Operating earnings in the current year were $54.8 million, an increase of $5.9 million, or 12%, from $48.9 million reported in 2019. Of this, $18.5 million was reported in the fourth quarter. The largest growth in 2020 Operating earnings came from GuardCap, our UK-based investment management business, and IDC WIN, our life insurance managing general agency business. The Company’s Net revenue for the year grew to $215.8 million, an increase of $29.7 million, or 16%, from the $186.1 million reported a year earlier. The most significant contributions to this growth also came from GuardCap and IDC WIN. The new businesses in 2020, Agincourt Capital Management, LLC (“Agincourt”) and Copoloff Insurance Agency Inc. (“Copoloff”), both of which were acquired on October 1, 2020, Modern Advisor Canada Inc. acquired on February 28, 2020, and Aurrea Signature Inc. acquired on December 31, 2019, accounted for $12.6 million of the increase. Expenses in the current year were $161.0 million, an increase of $23.8 million, or 17%, from $137.2 million in the prior year. The new businesses mentioned above accounted for $11.9 million of the increase with the remainder largely attributable to GuardCap and the newly formed Canadian Retail Asset Management business. GuardCap’s increase was due largely to incentive compensation, which rose in line with the growth of the business, while the increase from the new Canadian Retail Asset Management business was due to the initial buildout of the team and the launch of the initial suite of ETFs. The Company’s AUM as at December 31, 2020 total $46.0 billion, an increase of $14.8 billion, or 48%, from $31.1 billion as at December 31, 2019. The increase is due largely to the $9.6 billion of AUM from Agincourt which was added in the fourth quarter, plus the significant growth in Guardcap’s AUM, which increased to $10.7 billion at the end of 2020, from $4.0 billion at the end of 2019. The Company’s AUA were $22.3 billion as at December 31, 2020, compared to $20.2 billion at the end of 2019. Approximately $0.4 billion of the increase in AUA was due to the acquisition of Copoloff during the fourth quarter of 2020. The global financial markets experienced a turbulent year in 2020 with significant declines in the months of February and March and a recovery over the remainder of the year. The total Net losses, realized and unrealized, for the Company in 2020 were $1.3 million, compared to Net gains of $96.7 million in 2019. The Company’s Net earnings attributable to shareholders in 2020 were $42.4 million, compared to $123.1 million in 2019. This is mainly due to the significant swing from Net gains to Net losses, year over year, partially offset by the increase in Operating earnings in the current year. EBITDA(1) for the current year was $70.3 million, including $22.4 million in the fourth quarter, compared to $63.2 million in the prior year, while Adjusted cash flow from operations(1) for the current year was $56.8 million, compared to $51.6 million in the prior year. The Company’s Shareholders’ equity as at December 31, 2020 was $700 million, or $25.69 per share(1), compared to $683 million, or $25.01 per share(1) as at December 31, 2019. The fair value of the Company’s holding of Securities as at December 31, 2020 was $633 million or $23.23 per share(1) compared to $682 million or $24.99 per share(1) as at December 31, 2019. The decline is due largely to the disposition of 1.2 million shares of the Bank of Montreal during the year. The proceeds from these dispositions were used largely to reduce corporate borrowings. The Board of Directors has declared a quarterly eligible dividend of $0.18 per share, an increase of 13%, payable on April 19, 2021, to shareholders of record on April 12, 2021. The Company's financial results for the past eight quarters are summarized in the following table. All per share figures are stated on a diluted basis. Dec 31,2020Sep 30,2020Jun 30,2020Mar 31,2020Dec 31,2019Sep 30,2019Jun 30,2019Mar 31,2019 As at ($ in millions) Assets under management$ 45,984 $ 32,734 $ 31,196 $ 27,527 $ 31,147 $ 30,243 $ 30,088 $ 29,631 Assets under administration 22,289 20,755 20,010 18,152 20,248 19,040 18,784 18,745 For the three months ended ($ in thousands) Net revenue$ 63,724 $ 52,042 $ 50,124 $ 49,901 $ 49,865 $ 45,983 $ 45,963 $ 44,291 Operating earnings 18,493 12,108 13,427 10,813 13,030 12,105 12,590 11,176 Net gains (losses) 80,983 35,739 43,254 (161,289) 24,140 (1,274) 7,957 65,883 Net earnings (loss) 87,083 42,652 51,244 (134,911) 31,808 8,952 17,601 68,099 Net earnings (loss) attributable to shareholders 86,039 42,201 50,486 (136,368) 30,787 8,275 16,838 67,220 Net earnings (loss) attributable to shareholders: Per Class A and Common share (in $) Basic$ 3.38 $ 1.66 $ 1.99 $ (5.35)$ 1.20 $ 0.32 $ 0.65 $ 2.57 Diluted 3.17 1.56 1.87 (5.35) 1.13 0.31 0.62 2.43 Dividends paid (in $)$ 0.160 $ 0.160 $ 0.160 $ 0.150 $ 0.150 $ 0.150 $ 0.150 $ 0.125 As at Shareholders' equity ($ in thousands)$ 699,610 $ 631,863 $ 596,265 $ 562,821 $ 682,777 $ 653,983 $ 647,983 $ 656,167 Per Class A and Common share (1) (in $) Basic$ 27.43 $ 24.80 $ 23.50 $ 22.18 $ 26.73 $ 25.49 $ 25.26 $ 25.14 Diluted 25.69 23.25 22.07 20.94 25.01 23.93 23.73 23.66 Total Class A and Common shares outstanding (shares in thousands) 27,740 27,758 27,758 27,758 27,839 27,956 27,956 28,405 Guardian Capital Group Limited is a diversified financial services company founded in 1962. The Company is headquartered in Canada and has offices in the United Kingdom, the United States and the Caribbean. It provides institutional and high net worth investment management services to clients; financial services to international investors; and services to financial advisors in its national mutual fund dealer, securities dealer, and life insurance managing general agency. Its Common and Class A shares are listed on The Toronto Stock Exchange. For further information, contact: Donald Yi George MavroudisChief Financial Officer President and Chief Executive Officer(416) 350-3136 (416) 364-8341 (1) The Company's management uses EBITDA, EBITDA per share, Adjusted cash flow from operations, Adjusted cash flow from operations per share, Shareholders' equity per share and Securities per share to evaluate and assess the performance of its business. These measures do not have standardized measures under International Financial Reporting Standards ("IFRS"), and are therefore unlikely to be comparable to similar measures presented by other companies. However, management believes that most shareholders, creditors, other stakeholders and investment analysts prefer to include the use of these measures in analyzing the Company's results. The Company defines EBITDA as net earnings before interest, income taxes, amortization, stock-based compensation, net gains or losses, less amounts attributable to non-controlling interests. The Company defines Adjusted cash flow from operations as net cash from operating activities, net of changes in non-cash working capital items and non-controlling interests. The most comparable IFRS measures are Net earnings, which were $46.1 million in 2020 (2019 - $126.5 million), and Net cash from operating activities, which was $71.8 million in 2020 (2019 - $49.1 million). The per share amounts for EBITDA, Adjusted cash flow from operations, Shareholders' equity and Securities are calculated by dividing the amounts by diluted shares, which Is calculated in a manner similar to net earnings attributable to shareholders per share. More detailed descriptions of these non-IFRS measures are provided in the Company's Management's Discussions and Analysis, including a reconciliation of these measures to their most comparable IFRS measures.